Morgan Stanley expects trading, investment banking results to weaken
NEW YORK (Reuters) – Morgan Stanley expects to its revenue from trading and investment banking to slump in the second…
Business
Walmart is raising wages for pharmacists, opticians in healthcare push
By Siddharth Cavale BENTONVILLE, Ark. (Reuters) – Walmart is raising wages for thousands of U.S. pharmacists and opticians, the retailer…
U.S. economy little changed, outlook ‘deteriorated’: Fed survey
By Ann Saphir and Howard Schneider (Reuters) – U.S. economic activity appeared to stall in recent weeks, a Federal Reserve…
Oil settles lower on weak China data, stronger US dollar
By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday, pressured by a stronger U.S. dollar and weak data from…
Bill Ackman calls on JPMorgan CEO Dimon to run for US president
(Reuters) -Billionaire hedge fund manager Bill Ackman said Jamie Dimon should run for president in the next U.S. elections after…
Fed’s Harker: Inclined to ‘skip’ a rate hike in June
(Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said on Wednesday that for the moment he is inclined…
Amazon.com to pay $25 million to settle Alexa privacy lawsuit with FTC
WASHINGTON (Reuters) – Amazon.com agreed to pay $25 million to settle allegations that it violated children’s privacy rights with its…
Bank of England to take Bank Rate to 5.00% next quarter as inflation proves sticky: Reuters poll
By Jonathan Cable LONDON (Reuters) – The Bank of England will be far more aggressive in policy tightening than previously…
Analysis-Mexico’s gasoline independence dream sinks in dirty fuel oil glut
By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s president took office in late 2018 pledging to boost local output…
Russian labour shortage laid bare as unemployment drops to record low
By Alexander Marrow and Darya Korsunskaya (Reuters) – Russia’s unemployment rate dropped to a record low 3.3% in April, data…