By Matt Tracy WASHINGTON (Reuters) – Banks are hoping to quicken the pace of offloading at least some of the billions of dollars of leveraged buyout debt stuck on their balance sheets since last year, on a renewed rally in U.S. junk bonds after Federal Reserve Chairman Jerome Powell’s more dovish-than-expected comments this week. Banks …
Renewed U.S. junk bond rally ignites hope for more stuck buyout debt Read More »
NEW YORK (Reuters) – The Federal Reserve is likely to raise interest rates by another 25 basis points (bps) at the March policy meeting following a blockbuster U.S. non-farm payrolls report for January, according to Morgan Stanley’s latest research note released on Friday. The U.S. investment bank previously called for a pause in the rate-hiking …
Morgan Stanley sees another 25-bps Fed hike in March after strong jobs report Read More »
By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Friday said the 5.1% policy rate that most Fed policymakers thought as of December would ultimately be needed is a “good indicator” for where policy is going, but the central bank could take rates even higher. “I’m prepared to do more than …
Fed’s Daly sees policy rate rising to least 5.1%, then a hold Read More »
By Andrea Shalal and Steve Holland WASHINGTON (Reuters) -President Joe Biden on Friday hailed a jobs report that showed 517,000 jobs were created in January and unemployment fell to 3.4%, its lowest rate in 54 years, as evidence that his economic plan is strengthening the U.S. economy. In remarks at the White House, Biden said …
Biden hails January jobs report, waves off inflation question Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Treasury Department said Friday it will make more Tesla , Ford Motor, General Motors and Volkswagen electric vehicles eligible for up to $7,500 tax credits after it revised its vehicle classification definitions. The move is a win for Tesla, GM, Ford and other automakers which had pressed the …
U.S. Treasury makes more Tesla, Ford, GM EVs eligible for tax credits Read More »
(Reuters) – The U.S. Securities and Exchange Commission may soften a proposed rule governing corporate disclosure of climate-related costs as a result of industry push-back, the Wall Street Journal reported on Friday. The top U.S. financial regulator last year proposed rules that would require publicly traded companies to inform investors of risks tied to the …
Wall Street regulator may ease climate costs rule, WSJ reports Read More »
WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken will postpone his visit to China after a spy balloon was detected flying over the continental United States, according to media reports on Friday. Blinken did not want the balloon to dominate his meetings with Chinese officials, ABC News reported, citing an unnamed U.S. official. Bloomberg …
Blinken postpones trip to China after spy balloon detected in U.S. -reports Read More »
WASHINGTON (Reuters) – U.S. services industry activity rebounded strongly in January, with new orders recovering and prices paid by businesses for materials continuing to rise at a moderate pace, hopeful signs for the economy as it braces for a possible recession this year. The Institute for Supply Management (ISM) said on Friday its non-manufacturing PMI …
U.S. service sector rebounds in January – ISM survey Read More »
WASHINGTON (Reuters) -Activision Blizzard has agreed to pay $35 million to settle allegations over the video game maker’s handling of workplace complaints and violations of whistleblower protection rules, U.S. financial regulators said on Friday. The Securities and Exchange Commission said the company knew employee retention issues were “a particularly important risk in its business” but …
Activision Blizzard settles U.S. SEC charges over handling of workplace complaints Read More »
(Reuters) – Energy firms are using a chunk of their bumper quarterly profits from surging natural gas and fuel prices to reward shareholders with higher dividends and share buybacks. The top 25 North American oil and gas companies by market capital posted a combined profit of $70.04 billion for the quarter ended Sept. 30, 186.3% …
Factbox-Bumper profits fuel surge in dividends, buybacks at oil firms Read More »
