By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 index of U.S. shares will slip marginally between now and year-end as past interest rate hikes, troubled regional banks and weak earnings weigh on sentiment, according to strategists in a Reuters poll. They see the benchmark index ending the year at 4,150, down slightly from…
By Helen Coster and Dawn Chmielewski NEW YORK (Reuters) – When the HBO Max streaming service relaunches on Tuesday as “Max,” Warner Bros Discovery Inc will learn whether mixing critically acclaimed dramas with reality fare that some might describe as a “guilty pleasure” will attract more subscribers. “Max” will bring together HBO’s high-end scripted programming…
A look at the day ahead in U.S. and global markets from Mike Dolan Amid all the hand-wringing over the debt ceiling row and background banking anxiety, the U.S. economy is holding up well enough to embolden Federal Reserve hawks once again. Assumptions about first-quarter and full-year S&P500 aggregate earnings contractions are being revised away…
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) – Vietnamese property giant No Va Land Investment Group Corp is in talks with creditors to restructure part of its $1 billion foreign debt, according to two people familiar with the matter, amid turmoil in one of the country’s top industries. Those creditors include Credit Suisse, according…
By David Shepardson WASHINGTON (Reuters) -TikTok Inc on Monday filed a lawsuit challenging the state of Montana’s new ban on use of the Chinese-owned app, the first state to bar the popular short-video sharing service. TikTok argues the ban, which would take effect on Jan. 1, violates First Amendment rights of the company and…
By David Morgan and Nandita Bose WASHINGTON (Reuters) -President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the U.S. government’s $31.4 trillion debt ceiling with just 10 days before a possible default that could sink the U.S. economy, but vowed to keep talking. The Democratic president…
By Gram Slattery WASHINGTON (Reuters) – Tim Scott, the only Black Republican in the U.S. Senate, formally kicked off his 2024 presidential campaign on Monday, betting his upbeat message will sell in a party in which many voters are still firmly behind former President Donald Trump. In a speech to supporters in his hometown of…
By Aram Roston and Joseph Tanfani BOCA RATON, Florida (Reuters) – Ukrainian-American businessman Lev Parnas and his business partner were arrested in 2019, accused by the U.S. government of funneling a Russian oligarch’s money into American political campaigns. One recipient of Parnas’ donations — Florida Governor Ron DeSantis — has said he was barely an…
(Reuters) – Tesla is listing China-made Model 3 and Model Y models for sale in Canada, the company’s website showed on Tuesday, confirming the electric car maker has completed its first shipments to North America from its Shanghai factory. Tesla’s website showed both rear-wheel drive Model Y vehicles and the long-range, all-wheel drive version of…
By Doyinsola Oladipo and Philip Blenkinsop NEW YORK/BRUSSELS (Reuters) – As investors try to assess the fallout on global brewing leader Anheuser-Busch InBev from a backlash against Bud Light, rival Heineken is spending $100 million to promote a new light beer to Americans. The Dutch brewer sees Heineken Silver driving fresh momentum into its U.S….
