By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines
Month: May 2024
US labor market rebalancing, economy slowing further
WASHINGTON (Reuters) -The number of Americans filing new claims for jobless benefits fell last week, unwinding nearly half of the jump at the start of
Dow hits 40,000 on earnings boost, rate cut bets: Instant view
NEW YORK (Reuters – The Dow Jones Industrial Average surpassed 40,000 points for the first time on Thursday, the blue-chip index’s fastest 10,000 point-climb, powered
Suspect in attack on Slovak PM showed no signs of extremism, neighbours say
By Boldizsar Gyori, Karol Badohal and Jan Lopatka LEVICE, Slovakia (Reuters) – A 71-year-old former security guard charged on Thursday with the attempted murder of
Fed gets some good news on inflation progress
By Ann Saphir (Reuters) – Federal Reserve policymakers waiting to see renewed progress on inflation before reducing borrowing costs got some encouraging data on Wednesday
Disney to dramatically cut spending for traditional TV networks
By Lisa Richwine (Reuters) – Walt Disney will cut its investment in programming for traditional television networks pretty dramatically as the company navigates the consumer
Explainer-How Boeing could face the criminal prosecution it avoided in 2021
(Reuters) – The U.S. Justice Department said Boeing breached its obligations under a 2021 agreement that kept the planemaker from criminal prosecution following fatal 737
Netflix hits 40 million users for ad-supported plan
(Reuters) – Netflix said on Wednesday its ad-supported tier has reached 40 million global monthly active users, from 5 million a year earlier, a sign
Analysis-Hopes for ‘soft landing’ at stake as investors await US inflation data
By Lewis Krauskopf NEW YORK (Reuters) – Investors’ newfound optimism on the U.S. economy faces an important test on Wednesday, with consumer price data set
TikTok creators file suit to block US divestment or ban law
WASHINGTON (Reuters) – A group of TikTok creators said Tuesday they filed suit in U.S. federal court seeking to block a law signed by President