By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – Developing world investors, buffeted by various “taper tantrums” over the last decade, are now nervously watching as the rainmaker of global markets – the U.S. Federal Reserve – readies its most aggressive rate hike cycle in 17 years. More hot jobs data on Friday drove…
By Noel Randewich (Reuters) -A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day increase in value. Shares of the online retail and cloud computing giant surged 13.5% on Friday following its blowout quarterly report, expanding its market…
By David French and Bansari Mayur Kamdar (Reuters) – Another bumpy ride ended on Friday with the Nasdaq recovering much of the ground it lost in the previous session, as Amazon’s positive earnings capped a week of mixed big-tech numbers. Amazon.com Inc jumped after reporting robust earnings in the holiday quarter. Results from megacap growth…
(Reuters) – Apple Inc is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated iPad, Bloomberg News reported on Friday, citing people with knowledge of the matter. According to the report, the new iPhone will be the first update to the iPhone SE model in two years…
By Mike Spector and Dan Levine NEW YORK (Reuters) -Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly cancers. The healthcare and consumer-goods giant assigned more than 30 staffers to…
By Julien Ponthus (Reuters) -Growth and technology stocks rebounded on Friday, as traders weighed stellar results from Amazon.com Inc against an unexpectedly strong U.S. employment number that propelled Treasury yields higher. The Nasdaq Composite index, which is heavy on tech and other growth stocks, was recently jumping about 2% a day after a historic crash…
By Chibuike Oguh (Reuters) – Buyout firm Carlyle Group Inc is in talks to acquire CBAM Partners in a bid to grow its credit investment platform and take on peers such as Apollo Global Management Inc and Blackstone Inc, according to people familiar with the matter. Carlyle has prevailed in an auction to acquire New…
By Ann Saphir and Howard Schneider (Reuters) – Bigger-than-expected U.S. job gains last month are fueling market bets that the Federal Reserve will kick off its interest rate hikes in March with a hefty half-point jump. That’s likely a bridge too far, given what Fed policymakers have said, where the jobs market is now, and…
By Katanga Johnson WASHINGTON (Reuters) – Stock indexes around the globe traded mixed on Friday despite strong Amazon earnings, while gold prices slipped under pressure from a firmer dollar and higher U.S. Treasury yields as upbeat U.S. jobs data bolstered the case for Federal Reserve rate hikes. Earlier in the session, a sell-off in bonds…
By Allison Lampert MONTREAL (Reuters) -Europe’s Airbus and Quebec said on Friday they have agreed to a $1.2 billion investment deal that would allow the Canadian province to remain in the loss-making A220 jet program until the venture is likely to turn profitable. Under the deal, Airbus would invest $900 mln, while the Quebec government…
