Morning Bid: Weekly rebound in reach, China data deluge looms
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian stocks are poised to end the week on a strong footing on Friday, spurred on…
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Adobe forecasts downbeat quarterly earnings on cautious tech spending
(Reuters) – Photoshop maker Adobe (NASDAQ:ADBE) forecast fourth-quarter earnings below analysts’ estimates on Thursday, signaling stiff competition and soft demand for its AI-integrated editing tools amid challenging economic conditions. Shares…
Fed set for ‘dovish’ 25bps cut next week, but risks pressure for bigger Nov. cut
Investing.com — The Federal Reserve looks set to deliver a “dovish” quarter point rate cut next week, leaving the economy exposed to risks of softer economic data that would likely…
Explainer-Union rules set high bar to Boeing U.S. worker strike
By Allison Lampert (Reuters) – Boeing (NYSE:BA) faces a likely strike on Friday by more than 30,000 workers that could shutter its Seattle-area plane factories over demands for a bigger…
US 30-year fixed-rate mortgage falls to 6.20%
WASHINGTON (Reuters) – U.S. mortgage rates dropped this week on expectations that the Federal Reserve would start cutting interest rates next Wednesday, but will likely not offer an immediate boost…
Analysis-ECB dents traders’ hopes for October rate cut
By Yoruk Bahceli and Naomi Rovnick (Reuters) – Traders pared back their bets on back-to-back rate cuts from the European Central Bank for the rest of the year on Thursday,…
US household wealth hits record $163.8 trln on real estate gains
(Reuters) – U.S. household wealth rose last quarter to $163.8 trillion, a fresh record, driven by gains in real estate values as well as a rise in the stock market,…
ECB policymakers see October cut as unlikely
FRANKFURT (Reuters) – European Central Bank policymakers see an interest rate cut in October as unlikely, barring a major deterioration in the outlook for growth, three sources told Reuters. The…
Senior US House Republican calls for talks with Democrats as shutdown looms
By Moira Warburton WASHINGTON (Reuters) – A senior U.S. House Republican said on Thursday that his party needs to begin talks with Democrats on funding the government past a Sept.…
EU rejects minimum price offers from Chinese EV exporters
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission said on Thursday it had received offers from electric vehicle makers in China for minimum import prices into the European Union as…