Morning Bid: Markets bounce as Tesla surges, yields retreat
A look at the day ahead in U.S. and global markets from Mike Dolan Markets caught a break on Thursday as the white heat of the corporate earnings season saw…
Economy
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Canadian homeowners consider switch to variable rate mortgages after big rate cut
By Nivedita Balu TORONTO (Reuters) – More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank…
Analysis-Rate cuts to accelerate US banks’ move to higher-yielding investments
By Saeed Azhar (Reuters) – Rate cuts and easing bond yields are spurring some U.S. banks to cut losses on low-yielding investment securities, and park those funds in higher-yielding paper…
UBS report says wealthier clients became more cautious about art, sales dropped last year
By Tatiana Bautzer NEW YORK (Reuters) – Global art sales fell 4% last year to around $65 billion, as the wealthiest buyers reduced purchases, according to the Art Market Report,…
Exclusive-Europe agency says it is in talks with SpaceX on tackling space junk
By Tim Hepher and Joey Roulette PARIS/WASHINGTON (Reuters) – The European Space Agency is in talks with SpaceX about the possibility of Elon Musk’s space venture joining an international charter…
China opposes US sanctions on companies over attack drones for Russia
BEIJING (Reuters) – China’s commerce ministry on Thursday expressed opposition to the U.S. sanctions on Chinese firms involved in making and shipping attack drones for Russia. “China firmly opposes unilateral…
Japanese banks should stay vigilant against market tail risks, BOJ says
TOKYO (Reuters) – Japanese banks have sufficient capital bases but need to be vigilant against tail risks including developments in global financial markets and geopolitical perils, the Bank of Japan…
Tesla’s upbeat earnings, Boeing workers reject wage deal – what’s moving markets
Investing.com — US stock futures point mostly higher following a day of declines on Wednesday that was marked by rising yields and falling megacap tech shares. Tesla (NASDAQ:TSLA) shares surge after…
Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand
(Reuters) -UK’s Bloomsbury Publishing on Thursday said trading in fiscal year 2024-2025 will be ahead of current expectations, after posting a 32% jump in first-half revenue, driven by another round…
Hermes continues to outshine rivals with Q3 sales up 11.3%
By Mimosa Spencer PARIS (Reuters) -Birkin bag maker Hermes reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as…