A look at the day ahead in U.S. and global markets from Mike Dolan As S&P500 stocks clock their highest close of the year, marking a technical 20% ‘bull market’ from October’s low, disinflation signals around the world may help calm G3 central bankers meeting next week. Much like the winter euro zone recession that…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court has granted an unexpected reprieve to a landmark law barring racial discrimination in voting after rolling back its protections over the past decade, but more challenges to the Voting Rights Act seem certain based on actions by Republican legislators in numerous states. Conservative Justices John…
By Brad Brooks (Reuters) – FBI agents on Thursday arrested a real estate developer at the center of allegations that have led to the impeachment of Texas Attorney General Ken Paxton, according to jail records. Nate Paul was booked into the Travis County jail in Austin after his arrest, according to the jail’s online inmate…
BENGALURU (Reuters) – India’s SpiceJet will add 10 Boeing 737 aircraft to its fleet between September and October to cater to the growing passenger traffic, the low-cost carrier said on Friday. The planes will include five 737 Max aircraft, the Gurugram-based airline said, without disclosing the list price. As of June 2023, its fleet comprised…
(Reuters) – AstraZeneca said on Friday it had signed an agreement with Quell Therapeutics potentially worth more than $2 billion to develop cell therapies that could cure autoimmune diseases. The agreement includes developing, manufacturing and commercialising cell therapies that have the potential to be curative in type 1 diabetes and inflammatory bowel disease indications, the…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks have defied fears of a recession, a banking crisis and soaring Treasury yields to rise 20% from their October lows – one definition of a bull market. The benchmark S&P 500 index closed at a low of 3,577.03 on Oct. 12, 2022, down 25% from…
By Emma-Victoria Farr BERLIN (Reuters) -Reality star Kim Kardashian’s arrival at a gathering of the globe’s top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the SuperReturn…
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms’ Instagram, Alphabet’s YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets. U.S. regulators suing crypto platforms Coinbase and Binance, along with last…
By Sudip Kar-Gupta PARIS (Reuters) – Lab-grown meat producer Uncommon said on Friday it had raised $30 million from investors including OpenAI chief executive Sam Altman. The British-based company’s latest funding round was led by Balderton Capital and Lowercarbon Capital. Others investors included Red Alpine, East Alpha, early stage investor Sam Altman, Miray Zaki and…
By Julie Zhu and Aziz El Yaakoubi HONG KONG/RIYADH (Reuters) – Chinese entrepreneurs and investors are flocking to Riyadh this week to attend a business conference, which will bring together business and government leaders aiming to explore expansion and fundraising opportunities, amid warming diplomatic relations. Saudi Arabia will be hosting the 10th Arab-China Business Conference,…
