By Kenrick Cai, Max A. Cherney MOUNTAIN VIEW, California -Alphabet’s Google on Tuesday unveiled a lineup of new Pixel smartphones with deeper integrations of its […]
U.S. 30-year fixed-rate mortgage plunges to lowest since May 2023, Freddie Mac says
By Makailah Gause NEW YORK (Reuters) – The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this […]
Global investors pour into money market funds amid market volatility
(Reuters) – Global investors funnelled substantial amounts into money market funds in the seven days to Aug. 7 as they rushed for safety amid a […]
Exclusive-US to lift ban on offensive weapons sales to Saudi Arabia, sources say
By Humeyra Pamuk, Patricia Zengerle and Steve Holland WASHINGTON (Reuters) – The Biden administration has decided to lift a ban on U.S. sales of offensive […]
Citigroup says wealth unit to sell trust services business
By Tatiana Bautzer NEW YORK (Reuters) – Citigroup’s wealth unit has initiated a process to sell its trust administration and fiduciary services business, the bank […]
Analysis-US stock turbulence throws spotlight on Big Tech’s valuations
By Lewis Krauskopf NEW YORK (Reuters) – A bruising selloff in U.S. stocks is putting a sharper focus on valuations of the tech names such […]
Global economy’s growing resilience at odds with rate cut expectations: Reuters poll
By Hari Kishan BENGALURU (Reuters) – Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with […]
McDonald’s posts surprise drop in quarterly global sales as spending slows
(Reuters) -McDonald’s reported a surprise drop in quarterly global comparable sales on Monday, as the burger giant struggled to hold back budget-strapped customers from opting […]
Abbott shares slide after trial verdict, weigh on rival Reckitt Benckiser
(Reuters) -Abbott Laboratories’ shares fell nearly 7% premarket, while British peer Reckitt Benckiser slumped 9% on Monday, after the U.S. healthcare firm was ordered to […]
3M raises full-year profit forecast on demand recovery, cost cuts
(Reuters) -3M Co raised the low end of its full-year adjusted profit forecast on Friday expecting to benefit from restructuring measures and increasing demand for […]