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By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund manager Nelson Peltz, who backed president-elect Donald Trump this year, said the election-fueled stock market rally cannot continue uninterrupted. “Trees don’t…

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Cisco raises annual revenue forecast as AI spurs networking tools demand

November 13, 2024

(Reuters) – Cisco Systems (NASDAQ:CSCO) raised annual revenue forecast on Wednesday, a sign of improving demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven…

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Italy brings on board Banco BPM in $1.2 billion Monte dei Paschi stake sale

November 13, 2024

By Giuseppe Fonte, Valentina Za and Andrea Mandala ROME (Reuters) -Italy on Wednesday raised 1.1 billion euros ($1.16 billion) by selling 15% of bailed-out bank Monte dei Paschi di Siena,…

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Analysis-Red sweep may speed US debt ceiling deal, stoke long-term bond worries

November 13, 2024

By Davide Barbuscia NEW YORK (Reuters) – A unified government under Donald Trump may offer investors reprieve from the bruising battles around the U.S. debt ceiling that have roiled markets…

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Fed December rate cut on track as policy remains restrictive: UBS

November 13, 2024

Investing.com — The road ahead for a December rate cut remains in place as recent comments from Fed members signal that policy is still in restrictive territory, UBS said in…

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Amtrak temporarily halts all trains between New York and Washington over power issues

November 13, 2024

By David Shepardson WASHINGTON (Reuters) – U.S. passenger railroad Amtrak said Wednesday it was temporarily suspending all train service between New York and Washington because of overhead power issues in…

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Republican sweep gives Trump power to slash taxes, may strain deficits

November 13, 2024

By David Morgan WASHINGTON (Reuters) – Republicans’ lock on power in Washington next year will allow President-elect Donald Trump to pursue an aggressive agenda of tax cuts for businesses, workers…

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Musk’s X hires former Tubi executive Banki as CFO

November 13, 2024

(Reuters) -Elon Musk’s X Corp has tapped former Tubi executive Mahmoud Reza Banki as chief financial officer, in one of the social media platform’s biggest hires as its billionaire owner…

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Republicans win majority of US House seats in government sweep, Edison projects

November 13, 2024

By Richard Cowan WASHINGTON (Reuters) – President-elect Donald Trump’s Republican Party will control both houses of Congress when he takes office in January, Edison Research projected on Wednesday, enabling him…

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Investing

U.S. October budget deficit jumps to $257 billion, handing hole to Trump

November 13, 2024

WASHINGTON (Reuters) – The U.S. budget deficit jumped nearly four-fold to $257 billion in October, a figure inflated by several one-off factors, the Treasury Department said on Wednesday but starting…

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Popular Topics

Peltz says Trump-election stock market rally cannot continue uninterrupted

Cisco raises annual revenue forecast as AI spurs networking tools demand

Italy brings on board Banco BPM in $1.2 billion Monte dei Paschi stake sale

Analysis-Red sweep may speed US debt ceiling deal, stoke long-term bond worries

Fed December rate cut on track as policy remains restrictive: UBS

Amtrak temporarily halts all trains between New York and Washington over power issues

Republican sweep gives Trump power to slash taxes, may strain deficits

Musk’s X hires former Tubi executive Banki as CFO

Republicans win majority of US House seats in government sweep, Edison projects

U.S. October budget deficit jumps to $257 billion, handing hole to Trump