Reuters USA - Squid Business

Analysis-Why Biden pushes an assault weapons ban despite the political odds

By Jeff Mason and Richard Cowan WASHINGTON (Reuters) -Flags are lowered, sorrowful statements are issued, pleas to lawmakers are made, again. In the wake of two mass shootings in California this week, President Joe Biden has followed a heartfelt and familiar script of outrage and grief over gun violence in America, coupled with a renewed …

Analysis-Why Biden pushes an assault weapons ban despite the political odds Read More »

Colombia raises interest rate to 12.75%, may not be final hike

By Nelson Bocanegra BOGOTA (Reuters) -Colombia’s central bank board raised the benchmark interest rate by 75 basis points to 12.75% on Friday, a softer increase than expected by a majority of analysts as the board continues to grapple with high inflation. The interest rate is at its highest since November 1999. “Both total inflation (13.1%) …

Colombia raises interest rate to 12.75%, may not be final hike Read More »

U.S. consumer spending ends 2022 on weaker footing; inflation slowing

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending fell for a second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation continued to subside, which could give the Federal Reserve room to further slow the pace of its interest rate hikes next week. The report from …

U.S. consumer spending ends 2022 on weaker footing; inflation slowing Read More »

Wood’s ARK Innovation Fund on pace for best month ever as battered stocks surge

By David Randall NEW YORK (Reuters) – Cathie Wood’s ARK Innovation Fund is closing in on the best monthly performance in its history as it rides a rebound in many of the high-growth stocks that took a beating last year. The $7.3 billion ARK Innovation fund is up slightly more than 25% for the month …

Wood’s ARK Innovation Fund on pace for best month ever as battered stocks surge Read More »

Brazil’s central bank to keep wary stance against govt flak: Reuters poll

By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank will keep a wary stance next week against strong criticism from recently elected President Luiz Inacio Lula da Silva, maintaining the Selic benchmark rate at current high levels, a Reuters poll suggests. Investors are focusing on how hawkish the bank’s policy statement will sound, and …

Brazil’s central bank to keep wary stance against govt flak: Reuters poll Read More »

U.S. states challenge Biden rule on socially conscious investing

By Daniel Wiessner (Reuters) – A coalition of 25 U.S. states led by Texas and Utah filed a lawsuit seeking to strike down a Biden administration rule allowing retirement plans to consider environmental, social and governance (ESG) factors such as climate change and racial justice when selecting investments. The states filed a complaint in a …

U.S. states challenge Biden rule on socially conscious investing Read More »

U.S. pending home sales post first gain in seven months in December

WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes increased for the first time in seven months in December as mortgage rates declined, another hopeful sign that the embattled housing market was starting to stabilize. The National Association of Realtors (NAR) said on Friday its Pending Home Sales Index, based on signed contracts, rose …

U.S. pending home sales post first gain in seven months in December Read More »

Intel says it will take back share from AMD, but some are skeptical

By Jane Lanhee Lee and Chavi Mehta OAKLAND, Calif/BANGALORE (Reuters) -Microprocessor giant Intel Corp says it will regain its footing against AMD and other chip rivals which are gobbling up market share, but Wall Street is skeptical. The company shocked the market on Thursday with a revenue outlook that was short of Wall Street estimates …

Intel says it will take back share from AMD, but some are skeptical Read More »

Explainer-Who is Jeff Zients, incoming White House chief of staff?

WASHINGTON (Reuters) – President Joe Biden named businessman and former COVID-19 response coordinator Jeff Zients to become his second White House chief of staff on Friday, replacing Ron Klain, who is departing the administration after two years on the job. Zients, a wealthy Democratic government official with a business management background, takes the helm as …

Explainer-Who is Jeff Zients, incoming White House chief of staff? Read More »

Fund inflows to stocks highest in six weeks – BofA

(Reuters) – Weekly inflows into stocks in the week to Wednsday were the largest in six weeks at $13.9 billion, data on Friday from BofA Global Research showed. Investors poured $12.2 billion into bonds for the week, while gold pulled in $500 million, BofA data showed. Cash, however, saw outflows of $2.3 billion, the bank …

Fund inflows to stocks highest in six weeks – BofA Read More »