Reuters USA

(Reuters) – FedEx Corp’s shares rose as much as 11% in early trade on Friday, after aggressive cost cuts helped the freight bellwether lift its profit forecast despite falling e-commerce package volumes. The company’s results in recent quarters had taken a hit from bloated operations, which frustrated investors and they raised concerns about FedEx’s performance …

FedEx jumps after lifting profit view amid pressure on e-commerce parcel volume Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors are increasingly seeking insurance against a sudden crash in stocks, fearing that more tumult is in store for markets after worries over the banking system shook asset prices over the last week. Various measures of perceived tail risk – the possibility of suffering large investment losses …

Analysis-As worries over banks swirl, investors seek protection against market crash Read More »

By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON (Reuters) – Hedge funds are watching growing U.S.-Chinese geopolitical tensions and have spotted ways to trade them. U.S. authorities on Thursday told TikTok’s Chinese owners to divest their stakes in the popular video app or face a possible U.S. ban, Reuters reported. Britain, this week, described …

Five trades from hedge funds to navigate US-China tensions Read More »

WASHINGTON (Reuters) – U.S. consumer sentiment fell for the first time four months in March, though households expected inflation to subside over the next 12 months and beyond, a survey showed on Friday. The University of Michigan’s preliminary March reading on the overall index of consumer sentiment came in at 63.4, down from 67 in …

U.S. consumer sentiment ebbs in March; inflation expectations fall Read More »

WASHINGTON (Reuters) – Production at U.S. factories edged up in February and output in the prior month was stronger than previously thought, but manufacturing continues to struggle under the weight of higher interest rates. Manufacturing output gained 0.1% last month, the Federal Reserve said on Friday. Data for January was revised up to show production …

US manufacturing output ekes out gains in February Read More »

WASHINGTON (Reuters) – Global markets will need time to process actions by regulators and banks this week, U.S. Deputy Treasury Secretary Wally Adeyemo told CNBC on Friday, adding that U.S. officials will remain vigilant going into the weekend. Adeyemo said deposits have stabilized over the course of this week and backed actions by large U.S. …

Actions giving banks more time to address organization, US’s Adeyemo says Read More »

By Lucy Raitano LONDON (Reuters) – Investors snapped up cash at the highest weekly rate since April 2020 in the week to March 15, according to BofA Global Research on Friday, against a tumultuous backdrop of the failure of several U.S. banks and a rout in global banking shares. Cash funds saw a “huge” inflow …

Investors pile into cash but “no equity capitulation” – BofA Read More »

By Kantaro Komiya and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s major companies have concluded their annual labour talks with average wage hikes of 3.8% for the coming fiscal year, the largest raise in about three decades, trade union confederation Rengo said on Friday. The preliminary survey of 805 unions affiliated with Rengo showed the average hike …

Japan’s labour unions confirm average wage hikes of 3.8%, a three decade high Read More »