US equity funds see major outflows on growth concerns
(Reuters) – U.S. equity funds experienced their largest weekly outflow in 12 weeks by Sept. 4, driven by heightened investor…
Traders see Fed starting with 25 bps cut in Sept
(Reuters) – Traders priced in a quarter-point Federal Reserve interest-rate cut this month, with a bigger move expected at its…
Durov says Telegram will tackle criticism of how it moderates content
By Mark Trevelyan and Martin Coulter LONDON (Reuters) – Telegram boss Pavel Durov said on Friday that the messaging app…
Waller signals Fed is open to bigger cuts
Federal Reserve Governor Christopher Waller said today that the current economic data warrants action, suggesting that the Federal Reserve is…
Wall Street reacts to today’s NFP report: 25 or 50bps cut by the Fed?
The U.S. Bureau of Labor Statistics (BLS) reported that nonfarm payrolls increased by 142,000 in August, a figure that fell…
Citi ‘increasingly convinced’ that the Fed will cut rates by 50 bps in September
The U.S. economy reported an increase of 142,000 new jobs in August, falling short of the anticipated 160,000 jobs. Despite…
Factbox-Which Volkswagen factories in Germany could be hit by layoffs or closed?
(Reuters) -Volkswagen said it plans to end its job security programme – which has been in place since 1994 and…
After negotiating Brexit, Michel Barnier tasked with propping up Macron
By Gabriel Stargardter PARIS (Reuters) – After making his name negotiating Brexit, one of the messiest muddles Brussels has faced…
Factbox-Michel Barnier’s first challenges as France’s new PM
PARIS (Reuters) – French conservative Michel Barnier, named prime minister by President Emmanuel Macron on Thursday, faces an overflowing in-tray…
US bank profits jump 11% in Q2 2024 as expenses shrink, FDIC says
WASHINGTON (Reuters) – The U.S. banking industry recorded $71.5 billion in profits in the second quarter of 2024, an 11.4%…