By Sinéad Carew and Shristi Achar A (Reuters) – The S&P 500 index closed slightly higher while the Dow dipped on Wednesday as investors grappled with mixed messages from Federal Reserve Chair Jerome Powell and U.S. economic data ahead of upcoming labor and inflation reports that are expected to determine the central bank’s future rate …
S&P 500 barely gains as investors eye upcoming jobs data, rate hikes Read More »
By Andy Sullivan WASHINGTON (Reuters) -The U.S. Senate voted on Wednesday to overturn recent changes to Washington’s laws that lowered penalties for some crimes, as Democrats’ support for self-governance in the nation’s capital takes a back seat to public-safety concerns. The 81-to-14 vote marks only the fourth time that the U.S. Congress has overturned a …
By Carolina Mandl NEW YORK (Reuters) – Hedge funds are increasingly using more leverage to make wagers on the stock market this year, but they remain less inclined to bet on the market direction due to heightened macroeconomic uncertainties. Investors are focused on the economic picture as they try and assess the risk of upcoming …
Hedge funds up leverage, but fear directional bets with blurred macro picture Read More »
By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell on Wednesday reaffirmed his message of higher and potentially faster interest rate hikes, but emphasized that debate was still underway with a decision hinging on data to be issued before the U.S. central bank’s policy meeting in two weeks. “If – and …
Fed still up in the air on whether to accelerate rate hikes, Powell says Read More »
By Nate Raymond (Reuters) – The former chief executive of Blue Bell Creameries will plead guilty to a misdemeanor charge under a deal in which prosecutors have agreed to drop fraud charges against him related to a 2015 listeria outbreak traced back to the company’s contaminated ice cream. Paul Kruse, the company’s former president and …
Ex-Blue Bell CEO to plead guilty to misdemeanor over listeria outbreak Read More »
(Reuters) – Tiger Woods’ former girlfriend Erica Herman has asked a judge to nullify a non-disclosure agreement she signed when the couple began dating in 2017, citing a recent law that limits enforcing such agreements in sexual harassment and assault cases. In a civil complaint filed on Monday in a Florida state court in Martin …
Golf-Woods’ ex-girlfriend asks judge to nullify a non-disclosure agreement Read More »
(Reuters) -The Glendale Police Department (GPD) in Colorado said there was not enough evidence to charge anyone with a crime after Memphis Grizzlies guard Ja Morant was seen on an Instagram live account displaying what appeared to be a gun at a nightclub on Saturday. The two-time National Basketball Association (NBA) All-Star previously said he …
NBA-Glendale police say no charges after Morant video prompts suspension Read More »
BRASILIA (Reuters) – A proposed tax reform in Brazil will likely generate additional economic growth of 12% over the next 15 years, the special secretary for tax reform, Bernard Appy, said on Wednesday. The tax reform would generate, by a “conservative” estimate, a 12% increase in gross domestic product over 15 years, an 11% increase …
Brazil tax reform seen boosting long-term economic growth, official says Read More »
By Trevor Hunnicutt and Kanishka Singh WASHINGTON (Reuters) – The White House said on Wednesday that Fox News anchor Tucker Carlson “is not credible,” after the right-wing commentator showed footage from the Jan. 6, 2021, attacks on the U.S. Capitol that portrayed rioters as peaceful. “We agree with the chief of the Capitol Police and …
Fox News’ Tucker Carlson is not credible, White House says after Jan. 6 coverage Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist hedge funds that often push companies to sell themselves or divest divisions are increasingly calling for top executives to be replaced, a change in tactics driven by a slowdown in mergers and acquisitions (M&A). These investors called for the removal of personnel at 60 U.S. companies last …
With dealmaking slowing, activist hedge funds target companies’ top brass Read More »
