Fed should stop raising rates, at least in June -Harker
By Ann Saphir (Reuters) – U.S. central bankers should not raise interest rates at their next meeting, Philadelphia Federal Reserve…
Business
GQG adds more Nvidia as chipmaker has a ‘new leg’, says CIO
By Carolina Mandl NEW YORK (Reuters) -A big buyer of Nvidia Corp’s shares in the first quarter, Australia-listed investment firm…
Getty asks London court to stop UK sales of Stability AI system
By Sam Tobin LONDON (Reuters) – Stock photo provider Getty Images has asked London’s High Court for an injunction to…
Citigroup hires former UBS banker for energy dealmaking – memo
By David French and Anirban Sen (Reuters) – Citigroup Inc has hired former UBS Group AG banker Dan Ford as…
Elon Musk is accused of insider trading by investors in Dogecoin lawsuit
By Jonathan Stempel NEW YORK (Reuters) – Elon Musk is being accused of insider trading in a proposed class action…
CNN Worldwide appoints Warner Bros Discovery’s David Leavy as COO
(Reuters) – Warner Bros Discovery Inc senior executive David Leavy has been appointed as chief operating officer of CNN Worldwide,…
UK factory output contracts again in May: PMI
By Suban Abdulla LONDON (Reuters) – Britain’s manufacturing output fell for a third month in a row in May and…
Semi shorts down $18 billion in mark-to-market losses in 2023, S3 Partners says
NEW YORK (Reuters) – Short sellers in U.S. shares related to the semiconductor industry are down $18.31 billion in mark-to-market…
Global factories struggle for momentum amid patchy demand
By Jonathan Cable, Leika Kihara and Lucia Mutikani LONDON/TOKYO/WASHINGTON (Reuters) – Sluggish global demand deepened the decline in manufacturing activity…
Macy’s forecasts dour 2023, blames higher promotions to counter slow demand
By Ananya Mariam Rajesh (Reuters) -Macy’s Inc on Thursday cut annual sales and profit forecasts, blaming an inflation-induced slowdown in…