(Reuters) -Drugmaker Pfizer on Tuesday said it was expecting its 2025 profits to be nearly in line with Wall Street expectations as it seeks to fend off criticism over its turnaround strategy from activist hedge fund Starboard Value. Shares of the company rose nearly 3% in premarket trading. The company expects adjusted profit of $2.80 …
Pfizer forecasts 2025 profit in line with expectations Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission opened formal proceedings on Tuesday against social media firm TikTok over its suspected failure to limit election interference, notably in the Romanian presidential vote last month. The Commission said it will request information and look into TikTok’s policy on political advertisements and paid-for political content as well …
EU opens investigation into TikTok over election interference Read More »
By Helen Coster and Jack Queen NEW YORK (Reuters) – President-elect Donald Trump on Monday stepped up his legal threats against news outlets and said he would also consider suing social media influencers and others for defamation, two days after ABC News agreed to settle a lawsuit with him. “It costs a lot of money …
Trump vows to pursue more defamation claims after ABC News settlement Read More »
By Nate Raymond (Reuters) – Democratic-led states that have vowed to challenge President-elect Donald Trump’s initiatives will face a tough legal landscape after his first-term appointments reshaped the judiciary, not only giving the U.S. Supreme Court a conservative supermajority but also diluting liberal judges’ influence on a key appeals court that often stymied his agenda. …
Democratic-led states could face tougher legal pathway to challenge Trump’s policies Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Even with another Federal Reserve interest rate cut this week baked in to market pricing, U.S. Treasury bonds appear anxious again about the year ahead – with political upheavals in Germany and Canada clouding the overseas picture. As the Fed meets …
Morning Bid: Bonds agitated as Fed meets, G7 politics rumble Read More »
By Alasdair Pal and Kirsty Needham WELLINGTON (Reuters) -An earthquake of magnitude 7.4 struck Vanuatu’s capital Port Vila on Tuesday, damaging buildings and cars with at least one person reported killed. Vanuatu state broadcaster VBTC showed footage of vehicles crushed in a building collapse on a street lined with retailers. The broadcaster reported one person …
Magnitude 7.4 earthquake hits Vanuatu, one reported dead Read More »
By Ann Saphir WASHINGTON (Reuters) – Since Donald Trump’s election to a second term last month, Federal Reserve policymakers including Chair Jerome Powell have said it is too soon to factor in the U.S. president-elect’s yet-to-be-detailed policies into forecasts. But eight years ago Powell as a Fed governor joined the majority of his colleagues in …
Trump bump? Fed officials prepare projections into new presidential term Read More »
By Chris Taylor NEW YORK (Reuters) – ‘Tis the season for giving, and more Americans are planning to give year-end holiday tips. But figuring out who gets what can be tricky. “In recent years, with inflation cutting into our purchasing power, it felt like we couldn’t give as much as we wanted,” says Bankrate senior industry …
Spread holiday cheer with this year-end tipping guide Read More »
(Reuters) – U.S. stock index futures dipped on Tuesday, with rising bond yields adding pressure as traders braced for retail sales data that will provide more clues on the health of consumers ahead of an anticipated Federal Reserve rate cut later in the week. The U.S. 10-year Treasury note yield rose back above 4.42%, an …
Futures waver as yields rise ahead of Fed meet; retail sales on deck Read More »
By James Oliphant WASHINGTON (Reuters) – Donald Trump will be sworn in as president of the United States on Jan. 20, ushering in his second term in office and capping one of the most astounding political comebacks in American history. Inauguration Day is, by tradition, largely dedicated to pomp and circumstance. One president leaves the …
Factbox-What to expect on Trump’s Inauguration Day Read More »
