By Stella Qiu SYDNEY (Reuters) - Asian shares and bonds extended a global rally on Thursday as a non-committal Federal Reserve Chair had markets double down on bets that U.S. interest rates have peaked and cuts are on the way.…
By Sinéad Carew and Amruta Khandekar (Reuters) - Wall Street's three main stock indexes rallied nearly 2% on Thursday on hopes that the U.S. Federal Reserve has reached the end of its interest rate hiking campaign and a batch of…
By Niket Nishant (Reuters) -PayPal Holdings added nearly $4 billion to its market value after a pledge to turn "leaner" fired up investors, even as the payments giant disclosed a subpoena from the U.S. Securities and Exchange Commission tied to…
By Divya Rajagopal and Seher Dareen (Reuters) -Barrick Gold Corp beat analysts' expectations for third-quarter profit on Thursday, as the Canadian gold miner benefited from increased production and higher bullion prices. The Toronto-based company also said it was on track…
(Reuters) -SpaceX CEO Elon Musk said on Thursday the rocket company's satellite internet unit, Starlink, had achieved cash flow breakeven. In 2021, Musk said SpaceX would spin off and take Starlink public once its cash flow was reasonably predictable. Since…
By Nicole Jao NEW YORK (Reuters) -Duke Energy Corp on Thursday beat Wall Street estimates for third-quarter profit, with the company pointing to higher retail margins and so-called rider charges which are added to utility bills to recoup some costs.…
By Suzanne McGee (Reuters) - ProShares is rolling out the first exchange-traded fund (ETF) that allows investors to take a bearish view on ether, the world's second-largest cryptocurrency, the firm said on Thursday. ProShares Short Ether Strategy is designed to…
By Sinéad Carew and Amruta Khandekar (Reuters) - Wall Street's major indexes closed higher on Wednesday with the Nasdaq's 1.6% advance leading gains, after the U.S. Federal Reserve kept interest rates unchanged and comments from its top official fueled investor…
(Reuters) -Wall Street's top regulator must correct "defects" in a new rule on share buybacks adopted earlier this year, a federal appeals court has ruled, marking a partial win for powerful trade groups waging the legal challenge against it. A…
By Helen Coster NEW YORK (Reuters) -Thomson Reuters Corp on Wednesday reported higher-than-expected third-quarter profit, helped by cost cuts and growth at its biggest divisions serving legal, tax and accounting professionals, and said it was making progress incorporating artificial intelligence…