Deeper dive: why Oracle’s earnings weren’t so bad
Wolfe Research analyst Alex Zukin recommends loading up on Oracle Corp (NYSE: ORCL) on the post-earnings weakness as it’s effectively the fourth hyperscaler for new AI workloads. Oracle came in…
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Analysis-Brazil’s left caught in the long shadow of ailing patriarch Lula
By Anthony Boadle BRASILIA (Reuters) – Emergency surgery to relieve a cranial hemorrhage has raised questions in Brazil over President Luiz Inacio Lula da Silva’s short-term agenda – and the…
Argentina monthly inflation seen under 3% in November, but sticky
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation is likely to have remained under 3% in November, near its lowest level of the year but slightly up from…
China’s Politburo ‘signals a pre-emptive stance’ to step up easing
Investing.com — China’s Politburo has signaled a policy shift, announcing plans to adopt “moderately loose” monetary policy and “unconventional countercyclical adjustment” during its December meeting, according to a Bank of America…
US high-yield credit set for best returns in eight years in 2024
By Mehnaz Yasmin (Reuters) -A lower rung of U.S. junk bonds is set to deliver its best returns in eight years in 2024, underscoring a significantly higher risk-return payoff for…
US third-quarter unit labor costs revised sharply lower
WASHINGTON (Reuters) – U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not…
Federal Reserve to cut rates by 25 bps on Dec. 18, pause in January- Reuters poll
By Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will cut interest rates by 25 basis points on Dec. 18, according to 90% of economists polled by Reuters, with…
Government debt glut could rock markets in 2025, BIS says
By Naomi Rovnick LONDON (Reuters) – The threat of soaring government debt supply destabilising financial markets has intensified, the world’s top central banking advisory body said on Tuesday, as it…
Factbox-US finalizes more than $6.1 billion funding for Micron under CHIPS Act
(Reuters) -The U.S. Department of Commerce has finalized a subsidy of more than $6.1 billion for Micron Technology (NASDAQ:MU), marking one of the largest government awards to chip companies under…
Biden to warn against another Trump tax cut, hail his own economic successes
By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden will warn against further tax cuts for the wealthy and a reprise of Republican “trickle-down economics” during Donald Trump’s second…