Fed likely to cut rates next week, but outlook to tilt hawkish: Macquarie
Investing.com — The Federal Reserve is likely to cut rates next week, but a slew of data pointing to a still strong labor market and slowing disinflation will force the…
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Revance agrees to lower take-private offer by Crown Labs
(Reuters) -Crown Laboratories would buy the anti-wrinkle injection maker Revance Therapeutics (NASDAQ:RVNC) at a roughly 50% lower price compared to an original agreement signed in August, the companies said on…
BoC expected to cut overnight rate by 50 bps this week: Macquarie
Expectations are set for the Bank of Canada (BoC) to reduce its Overnight rate by 50 basis points (bps) during this week’s policy meeting, potentially bringing it down to 3.25%.…
Binance still to choose location for global headquarters, CEO Teng says
By Federico Maccioni ABU DHABI (Reuters) – Cryptocurrency exchange Binance has yet to decide where to base its global headquarters, its CEO told Reuters on Monday, years after it flagged…
Sanjay Malhotra appointed as RBI governor
The Indian government has appointed Sanjay Malhotra as the new governor of the Reserve Bank of India (NS:BOI) (RBI). The announcement made on Monday concludes the period of speculation regarding…
Nvidia shares slip as China opens antitrust probe over Mellanox acquisition
Nvidia’s stock saw a more than 2% drop in pre-market trading on Monday, following a 1.8% decline last Friday, as China’s State Administration for Market Regulation (SAMR) opened an antitrust…
Analysis: US may struggle to replace Canadian oil if Trump imposes tariffs
The US may find it difficult to replace crude oil shipments from Canada and Mexico if President-elect Donald Trump imposes hefty tariffs on both countries. In a much worse scenario,…
Assad’s fall triggers rally in Lebanon’s dollar bonds on hopes of stability
Lebanon’s dollar-denominated bonds rallied over 1% on Monday following the dramatic fall of Syrian President Bashar al-Assad, as rebels seized Damascus in a lightning offensive. Investors expect Assad’s exit, and…
Macy’s faces yet another activist push
Macy’s Inc (NYSE: M) is pushing to the upside this morning after another activist investor revealed a stake in the embattled chain of department stores. Barington Capital has teamed up…
How Taylor Swift’s Eras Tour redefined the scale of live entertainment
Taylor Swift’s 149-show Eras Tour, spanning over 21 months, has redefined the scale of live entertainment. Following the final stop of Taylor Swift’s Eras Tour in Vancouver on Sunday, her…