By Carolina Mandl, Svea Herbst-Bayliss and David Randall NEW YORK (Reuters) -The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers, who see fiscal and…
By Nell Mackenzie and Anirudh Saligrama (Reuters) -Blackstone plans to close a fund that exposes investors to a variety of hedge funds and trading strategies after assets fell almost 90% in four years, the company told Reuters on Tuesday. The…
By Michelle Price and Carolina Mandl WASHINGTON (Reuters) - Facing a wave of new rules and encouraged by a sympathetic judiciary, U.S. financial firms and their trade groups are growing bolder about fighting Democratic President Joe Biden's regulators in court.…
A look at the day ahead in U.S. and global markets from Mike Dolan A cocktail of renewed AI excitement, Nvidia's imminent earnings update, an impressive 20-year Treasury auction and a leveling off of crude oil prices has invigorated the…
By Kane Wu and Granth Vanaik (Reuters) -McDonald's said it had struck a deal to ramp up its stake in its China business to just under 50%, expressing confidence in the burger chain's growth prospects in the world's second-largest economy.…
By Jeffrey Dastin, Anna Tong, Akash Sriram and Krystal Hu SAN FRANCISCO (Reuters) -OpenAI named ex-Twitch boss Emmett Shear as interim CEO, while outgoing chief Sam Altman moved to backer Microsoft, in a surprise turn of events that clouded the…
By David Shepardson (Reuters) -General Motors said on Monday it will not advertise in the 2024 Super Bowl, the first time since 2019 it will sit out the heavily watched NFL championship game as it cuts marketing costs as part…
By Chris Prentice and Wayne Cole NEW YORK/SYDNEY (Reuters) -The U.S. dollar dropped to its lowest in more than two months on Monday on expectations that U.S. interest rates have peaked, while Wall Street's three major stock indexes closed at…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators on Monday said they had opened a probe into 16 separate recalls issued by Hyundai and Kia covering 6.4 million vehicles relating to brake fluid leaks that could result in fires.…
MADRID (Reuters) - Spanish union CCOO on Monday called on 20,000 warehouse and delivery workers at Amazon's local unit to stage a one-hour strike on each shift on Nov. 27, a date known by retailers as 'Cyber Monday', and the…