Hedge funds rush to unwind bearish stock positions
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – Global hedge funds rushed to unwind bets that U.S.-listed stocks…
Oil prices fall on profit-taking, still record weekly gain
(Corrects Brent price unit in second paragraph to ‘per barrel’) By Shariq Khan BENGALURU (Reuters) – Oil prices fell more…
US state, local governments budgeted $173 billion in COVID aid, Treasury says
By David Lawder WASHINGTON (Reuters) -Nearly half of the $350 billion in COVID-19 assistance to state, local, tribal and territorial…
Biden 2024 campaign says it has $77 million in the bank
By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden’s 2024 re-election team said on Friday that it…
M&G’s Leaviss says U.S. Treasury yields have likely peaked
By Divya Chowdhury MUMBAI (Reuters) – U.S. treasury yields have likely peaked, with longer-dated bonds looking attractive as the Federal…
France fetes India’s Modi at Bastille Day celebration
By Michel Rose PARIS (Reuters) -Indian Prime Minister Narendra Modi was treated to one of France’s most spectacular accolades on…
Explainer – What makes a crypto asset a security in the US?
By Jody Godoy (Reuters) – Cryptocurrency companies that have resisted U.S. regulatory oversight, arguing digital assets are not securities, won…
JPMorgan, Wells Fargo prepare for losses on office loans
By Matt Tracy (Reuters) -JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses…
Young Canadian firefighter killed battling blaze in British Columbia
By Nia Williams and Rami Ayyub REVELSTOKE, British Columbia (Reuters) -Canada’s Prime Minister Justin Trudeau on Friday paid tribute to…
Semiconductor Sector Poised for Bullish Momentum as Key Players Make Strategic Moves
In recent trading sessions, the Direxion Daily Semiconductor Bull 3X Shares (NASDAQ:SOXL) exhibited a modest spike before stabilizing near Thursday’s…