Investment advisers urge clients away from cash after Fed rate cut
By Suzanne McGee and Carolina Mandl (Reuters) – Investment advisers are urging clients to dump hefty cash allocations now that…
September 2024
Qualcomm approached Intel about a takeover in recent days, WSJ reports
(Reuters) -Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing…
Six weeks from Election Day, in-person US voting begins in some states
WASHINGTON (Reuters) – Americans began casting their first in-person votes on Friday in a presidential election six weeks away that…
Nike names company veteran Elliott Hill as new CEO; John Donahoe to retire
By Juveria Tabassum (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed…
US Congress nears agreement on extending expiring Ukraine aid, sources say
By Patricia Zengerle and Mike Stone WASHINGTON (Reuters) – Pro-Ukraine U.S. congressional leaders and President Joe Biden’s administration are near…
Oil ends more than 1% higher on US rate cut, declining crude stockpiles
By Shariq Khan NEW YORK (Reuters) – Oil prices extended their recent recovery rally and rose more than 1% on…
FedEx reports drop in quarterly earnings on lower demand for priority services
(Reuters) -FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast…
JPMorgan takes on Wall Street’s overwork concerns with new role, memo shows
(Reuters) – JPMorgan Chase has created a new role that will oversee its junior bankers and analysts amid a focus…
US single-family homebuilding surges, rising supply a near-term constraint
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding rebounded sharply in August, but a moderate increase in building permits…
Instant view: Fed slashes rates 50 bp in first easing since pandemic hit
(Reuters) – The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is…