Morning Bid: Trump bets cashed in before US CPI
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. Investors sobered up from post-election euphoria over Republican Donald Trump’s victory and took some profits ahead…
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Upside surprise in inflation could push Fed to pause in December: Fed’s Kashkari
Investing.com — A upside surprise in inflation in weeks leading up to the Federal Reserve’s December meeting, could encourage the central bank to pause rate cuts, Minneapolis Federal Reserve Bank…
CBA’s first-quarter earnings edge past expectations on higher home loan volumes
(Reuters) -Commonwealth Bank of Australia’s first-quarter cash earnings came in slightly better than market expectations on the back of improved volumes in its home lending and household deposits portfolio and…
Bridgewater co-chief investment officer says US stocks are ‘good thing’ to hold now
By Carolina Mandl NEW YORK (Reuters) – Bridgewater Associates Co-Chief Investment Officer Karen Karniol-Tambour said on Tuesday U.S. stocks are a “good thing” to hold, adding she expects robust economic…
Could Trump appoint a ‘shadow Fedchair’ to rival Powell?
Investing.com — Federal Reserve chair Jerome Powell has made it clear that he is willing to remain in place even if President-elect Donald Trump demands his resignation, but could Trump appoint…
US banks saw weaker loan demand in the 3d qtr, Fed survey shows
(Reuters) – U.S. banks saw weaker demand for a key category of business loans during the third quarter, while the demand picture for consumer credit card and auto loans also…
Fed policy is ‘modestly restrictive,’ Kashkari says
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said he feels U.S. monetary policy is currently “modestly restrictive,” with short-term borrowing costs continuing to slow inflation and the economy,…
Analysis-BBVA’s Sabadell bid mired in concerns over competition and Mexico
By Jesús Aguado MADRID (Reuters) – BBVA (BME:BBVA)’s long pursuit of Sabadell is becoming even longer, with Spanish regulators launching an in-depth review of its bid, which fell further in…
Long-time CEO of NEOM goes as Saudi Arabia scales back mega-projects
By Nayera Abdallah and Pesha Magid DUBAI/RIYADH (Reuters) -Nadhmi al-Nasr, the long-time chief executive of the $500 billion NEOM mega-project at the heart of Saudi Arabia’s drive to diversify away…
Elliott calls for Honeywell break up, takes $5 billion-plus stake
By Svea Herbst-Bayliss (Reuters) -Activist investor Elliott Investment Management said Honeywell (NASDAQ:HON) should split into two separate businesses on Tuesday, following in the footsteps of other industrial conglomerates that have…