Paramount Global shares rise as major shareholder gets $125 million investment deal
By Medha Singh and Chibuike Oguh NEW YORK (Reuters) – Shares of Paramount Global rose by more than 6% on…
Economy
Report of Argentina fraud probe sinks shares in dLocal
(Reuters) – Uruguayan fintech dLocal, the South American country’s first unicorn, saw its shares plummet on Friday, after Argentine news…
IMF says U.S. should tighten fiscal policy to help cut persistent inflation
By David Lawder DETROIT (Reuters) -The International Monetary Fund said on Friday U.S. interest rates will likely need to remain…
Instant view: Stubborn US April PCE inflation revives focus on June Fed hike
NEW YORK (Reuters) – U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the…
Strong US consumer spending, inflation readings put Fed in tough spot
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects…
Microsoft sets out grounds for Activision appeal against UK regulator
By Sam Tobin LONDON (Reuters) -Microsoft is challenging Britain’s decision to block its $69 billion takeover of “Call of Duty”…
Brexit to blame for a third of Britain’s food bill rise, researchers say
By James Davey LONDON (Reuters) – Britain’s departure from the European Union has accounted for about a third of the…
Mexico president eyes ‘half’ of Citi unit amid IPO plan
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half…
Debt ceiling deal may shift investor focus to further Fed action
By David Randall NEW YORK (Reuters) – A last-minute deal to raise the U.S. $31.4 trillion debt ceiling will likely…
Factbox-What’s in the debt ceiling deal Biden, McCarthy are negotiating?
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden and House Republican Speaker Kevin McCarthy are nearing a deal…