Jan 17, 2024
Rogers family’s two members to retire from telecom giant’s board

(Reuters) - Rogers Communications said on Wednesday Deputy Chair Melinda Rogers-Hixon and Martha Rogers have decided to retire from the Canadian telecom giant's board as part of a private settlement between the members of the founding family. The wireless carrier…

Jan 17, 2024
Citigroup sees Fed’s first rate cut in June

(Reuters) -Citigroup pushed forward its forecast of the U.S. Federal Reserve's 25 basis-point interest rate cut to June from July, citing the central bank's dovish stance, falling inflation, and rising pressures from geopolitical risks. The brokerage said on Wednesday it…

Jan 17, 2024
Homebuilder confidence jumps by the most in 11 months – NAHB

By Amina Niasse NEW YORK (Reuters) - U.S. homebuilder confidence spiked in January by the most since February 2023 as declining interest rates for mortgages enhanced affordability for many buyers who were priced out of the market last year. The…

Jan 11, 2024
US bitcoin ETFs see $4.6B in volume in first day of trading

By Hannah Lang, Suzanne McGee and Manya Saini (Reuters) - U.S.-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by…

Jan 10, 2024
Stocks climb as megacaps lead; inflation data, earnings on deck

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed higher on Wednesday as megacaps rallied, but gains were limited ahead of inflation reports and major bank earnings later in the week. Microsoft, Meta Platforms and Nvidia were the biggest boosts…

Jan 10, 2024
US sets enrollment record for Obamacare plans

(Reuters) -More than 20 million Americans have so far signed up for health insurance through the Affordable Care Act's (ACA) marketplace for this year, the highest since the inception of the law, according to data released on Wednesday. Over 3.7…

Jan 10, 2024
Hewlett Packard Enterprise to buy Juniper Networks in $14 billion deal

(Reuters) -Hewlett Packard Enterprise will buy networking gear maker Juniper Networks for $14 billion in an all-cash deal, in an attempt to spruce up the company's artificial intelligence (AI) offerings. HPE offered $40 per share to Juniper shareholders, the companies…

Jan 10, 2024
Fitch sees high US fiscal deficits ahead of elections

By Davide Barbuscia and Matt Tracy NEW YORK (Reuters) - Credit rating agency Fitch said on Wednesday it expects U.S. fiscal deficits to remain high this year, and that fiscal policy and governance implications of the U.S. presidential elections will…