By Lawrence Delevingne and Elizabeth Howcroft (Reuters) -Wall Street stocks posted strong gains while Treasury yields and the dollar pulled back on Friday as data pointing to economic growth boosted risk appetite, even as expectations for rate hikes kept bond yields near multi-year highs. The U.S. services sector grew at a steady clip in February,…
By Martin Coulter LONDON (Reuters) – Snapchat is kicking dozens of children in Britain off its platform each month compared with tens of thousands blocked by rival TikTok, according to internal data the companies shared with Britain’s media regulator Ofcom and which Reuters has seen. Social media platforms such as Meta’s Instagram, ByteDance’s TikTok, and…
By Lawrence Delevingne and Elizabeth Howcroft (Reuters) -Wall Street stocks gained while Treasury yields and the dollar pulled back on Friday as risk appetite was boosted by data pointing to economic growth, even as expectations for rate hikes kept bond yields near multi-year highs. The U.S. services sector grew at a steady clip in February,…
By Aditi Shah and Tim Hepher DELHI/PARIS (Reuters) – Indian budget carrier IndiGo is in talks with both Boeing and its current supplier Airbus to order more than 500 passenger jets, potentially smashing an industry record set by domestic rival Air India a few weeks ago, industry sources said. India’s largest airline has until now…
(Reuters) -Shares of artificial intelligence-based (AI) product makers zoomed on Friday, as a strong forecast from retail darling C3.ai Inc amplified an ongoing euphoria in the segment driven by the launch of OpenAI’s ChatGPT. C3.a1 forecast better-than-expected revenue and profit for both the fourth quarter and fiscal year 2023, after its third-quarter results topped Wall…
LONDON (Reuters) – British bank Barclays said on Friday that its chief executive C.S. Venkatakrishnan has completed treatment for non-Hodgkin lymphoma, a type of cancer, and is now in remission. “I am pleased to inform you that I have completed the treatment for non-Hodgkin lymphoma that I commenced last November. I am now in remission…
(Reuters) – Futures for Canada’s commodity-heavy stock index rose on Friday, as a rise in gold prices and hopes of a pause in monetary tightening aided investor sentiment. March futures on the S&P/TSX index were up 0.3% at 7:12 a.m. ET. The Toronto Stock Exchange’s S&P/TSX composite index closed at its highest in nearly two…
A look at the day ahead in U.S. and global markets from Mike Dolan There was a sense of hesitation in world markets on Friday about whether dramatic re-pricing of U.S. and European interest rate horizon over the past month was an overreaction and a New Year economic burst might prove to be a temporary…
By Elizabeth Howcroft LONDON (Reuters) – European stocks rose in early trading on Friday, as investor risk appetite was boosted by signs of an economic recovery in China, even after expectations for European Central Bank rate hikes kept government bond yields at their highest in years. Investors are trying to gauge the path for Federal…
By Laurie Chen BEIJING (Reuters) – Tencent Holdings founder Pony Ma and others from China’s crackdown-hit internet sector will be absent from this year’s parliamentary sessions, as Beijing boosts representation from the tech hardware sector, delegate lists show. Nearly 3,000 members of the National People’s Congress (NPC) will gather in Beijing on Sunday for its…
