Fed’s Mester open to rate cuts if it’s clear inflation is easing further
By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that if the U.S.…
EU agrees path to compete in clean tech production
By Philip Blenkinsop BRUSSELS (Reuters) -European Union policymakers agreed new rules on Tuesday to promote local production of equipment for…
Energy heavyweights push European shares higher; Germany’s DAX hits fresh record high
By Sruthi Shankar and Shashwat Chauhan (Reuters) -European stocks advanced on Tuesday as bumper earnings from BP and higher crude…
Toyota to invest $1.3 billion in Kentucky facility for new electric SUV
(Reuters) -Toyota said on Tuesday it would invest $1.3 billion at its Kentucky facility for electrification efforts, including assembly of…
Adidas predicts 2024 operating profit leap after Kanye West break-up
MUNICH (Reuters) – German sportswear maker Adidas expects operating profit to nearly double to about 500 million euros ($542.3 million)…
US bank stocks sink after New York Community Bancorp cuts dividend
By Niket Nishant and Nupur Anand (Reuters) -Regional U.S. bank stocks sank on Wednesday, dragged by a 38% plunge in…
Nasdaq ends lower ahead of big tech earnings, focus on Fed
By Stephen Culp NEW YORK (Reuters) -The tech-heavy Nasdaq lost ground on Tuesday as the market awaited a spate of…
Payments firm PayPal to reduce global workforce by 9% in 2024
By Hannah Lang and Manya Saini (Reuters) -Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9%…
Stocks meander, yields mixed after strong US labor data
By Herbert Lash NEW YORK (Reuters) -Short-dated Treasury yields rose and a gauge of global equities seesawed near two-year highs…
Investor Griffin gave $5 million to pro-Haley group in January -source
By Svea Herbst-Bayliss and Alexandra Ulmer (Reuters) – Hedge fund billionaire Kenneth Griffin gave $5 million to an outside group…