Omnicom beats quarterly profit on strong ad spending
(Reuters) – Omnicom Group beat Wall Street estimates for first-quarter profit and revenue on Tuesday, helped by solid demand for…
Category: Economy
Bank of Japan hints at near-term rate hike, pushing yields higher
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said inflation would likely accelerate from “summer towards autumn”…
US launches antitrust investigation into UnitedHealth, WSJ reports
(Reuters) -The U.S. Department of Justice has launched an antitrust investigation into UnitedHealth Group, the Wall Street Journal reported on…
Allegion beats fourth-quarter profit estimates on higher demand, price hikes
(Reuters) – Allegion beat fourth-quarter profit estimates on Tuesday, helped by price hikes and strong demand for its security systems…
Moderna, Bayer-backed Metagenomi stock drops 32% on Nasdaq debut
(Reuters) – Shares of Metagenomi Technologies, a genetic medicines company backed by Bayer Healthcare and Moderna, slumped 32% in their…
China, Switzerland sign declaration with view to expanding trade
GENEVA (Reuters) – China and Switzerland signed a joint declaration on Monday agreeing to deepen their partnership after Premier Li…
S&P 500 posts longest weekly winning streak since 2017; ends flat on day
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 ended little changed on Friday but registered a seventh straight…
Underlying US inflation pressures eased in October, NY Fed says
By Michael S. Derby NEW YORK (Reuters) -Underlying inflation pressures eased in October compared to the prior month, according to…
Affirm extends rally on Cyber Monday boost as BNPL lending surges
By Medha Singh, Chibuike Oguh and Hannah Lang (Reuters) -Shares of “buy now, pay later” provider Affirm Holdings extended a…
Investors pour $40 billion into stocks in two weeks as markets surge -BofA
By Harry Robertson LONDON (Reuters) – Investors have poured $40 billion into stocks since Oct. 9, the biggest two-week inflow…