BlackRock leaves NZAM as Wall Street runs from climate groups
The nation’s largest investment manager is leaving the Net Zero Asset Managers initiative, joining a broader financial institution exodus from high-profile climate alliances.
Insurance Company Stocks Fall as Damage Estimates from California Wildfires Rise
Insurance company shares fell Friday as the massive wildfires in California are now estimated to have caused $135 billion to $150 billion in damage and economic loss.
US Consumer Inflation Expectations Jump to Highest Since 2008
(Bloomberg) -- US consumers’ long-term inflation expectations jumped to the highest since 2008 on concerns about potential tariffs from the incoming Trump administration.Most Read from BloombergWhat Robotaxis Brought San FranciscoA Blueprint for Better Bike LanesNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeAmericans expect prices will climb at an annual r
Stock market today: Wall Street recoils after good news on the economy raises inflation worries
U.S. stocks are recoiling on worries that Friday’s good news on the job market may be too good and prove to be bad for Wall Street by keeping inflation and interest rates high. Stocks took their cue from the bond market, where yields leaped to crank up the pressure after a report from the Labor Department said U.S. employers added many more jobs to their payrolls last month than economists expected.
Constellation Energy Strikes Cash-Stock Deal to Buy Power Producer Calpine
Constellation Energy (CEG) agreed to acquire privately-held energy company Calpine in a cash-and-sto
US to impose sanctions on Russian oil fleet and traders, document shows
NEW DELHI/LONDON (Reuters) -The United States will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported U.S. Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday. Some 180 vessels, dozens of traders, two major oil companies and some senior Russian oil executives, are designated in the sanctions, reports of which pushed global oil prices above $80 per barrel. Reuters could not immediately verify the veracity of the document and the U.S. Treasury Department did not immediately respond to a request for comment.
Bond Selloff Exposes ‘Vulnerability’ in Markets, El-Erian Says
(Bloomberg) -- A resilient labor market signals the US is leading the global economy, and high US bond yields put pressure on others like the UK, according to Mohamed El-Erian. Most Read from BloombergWhat Robotaxis Brought San FranciscoA Blueprint for Better Bike LanesNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeUS Treasuries sold off across the curve, s
Turkey Central Bank Cautions on Markets’ Rate Expectations
(Bloomberg) -- A top Turkish central bank official told bankers that the pace of interest-rate cuts will be based on the course of inflation, pushing back against market expectations for sizable, consecutive reductions, according to people familiar with the matter. Most Read from BloombergWhat Robotaxis Brought San FranciscoA Blueprint for Better Bike LanesNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violen
US job growth blows away expectations in December; unemployment rate falls to 4.1%
WASHINGTON (Reuters) -U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labor market ended the year on a solid footing, reinforcing views that the Federal Reserve would keep interest rates unchanged this month. The Labor Department's closely watched employment report on Friday also showed a decline last month in the number of people who have permanently lost their jobs and a shortening in the median duration of unemployment. A rise in these measures had raised concerns about labor market deterioration.
TD SYNNEX Delivers Strong Q4, Raises Dividend Amid IT Growth Momentum; Stock Gains
TD SYNNEX Corp (NYSE:SNX) shares are trading higher on Friday after the company reported its fourth-quarter results. Quarterly revenue of $15.85 billion, up 10% Y/Y, exceeded the analyst view of $15.22 billion. The Fremont, California-based company reported an adjusted EPS of $3.09, beating the street view of $3.05. On a constant currency basis, revenue increased 9.2%, led by growth in both the Advanced Solutions and Endpoint Solutions portfolios. Adjusted gross billings were $21.2 billion in th
Popular Post
- Bitcoin's Outlook: Short-Term vs. Long-Term Jan 08, 2025
- December US Jobs Report to Cap Year of Moderate Hiring Jan 04, 2025
- Best Buy expected to post sluggish sales as consumers hold out for AI-enabled products Aug 28, 2024
- Why Bitcoin, Ethereum, and Dogecoin Are Surging Today Jan 15, 2025
- Fed's Waller: More cuts likely though timing depends on inflation progress Jan 08, 2025
- More people are dropping out of the creator economy as those at the top get a bigger share of brand deals Nov 17, 2024
- Business world takes the fight to FTC on noncompete ban and antitrust tribunals Aug 21, 2024
- Elon Musk-Loving Day Traders Are Sweeping Speculative Markets Nov 12, 2024
- The revival of America's manufacturing sector will be a major boost to the stock market, BofA strategist says Jan 03, 2025
- ‘AI Scientist’ Aims to Automate Scientific Discovery Aug 13, 2024