MORNING Bid: Tokyo reopens to S&P 500 record, yuan down
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. While Chinese shares did not quite know how to react to Beijing’s weekend stimulus update, Wall…
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Fed’s Waller calls for “more caution” on rate cuts
Palo Alto, California (Reuters) – Citing recent data showing an uptick in inflation and a U.S. economy and labor market that are stronger than previously thought, Federal Reserve Governor Christopher…
Fed’s Waller “more cautious” on rate cuts
By Ann Saphir Palo Alto, California (Reuters) -Citing a recent uptick in inflation and data showing the U.S. economy and labor market are stronger than previously thought, Federal Reserve Governor…
Meta’s Facebook, Instagram back up for most users in US after outage, Downdetector shows
(Reuters) -Meta Platforms’ Facebook and Instagram were largely restored for most users after an outage that impacted thousands in the U.S. on Monday, according to outage tracking website Downdetector.com. At…
BlackRock, Fidelity snap up Hyundai India shares in record $3.3 billion IPO
By Scott Murdoch, Heekyong Yang and Kashish Tandon SYDNEY/SEOUL (Reuters) -Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock (NYSE:BLK) and Fidelity on Monday, as the…
UK pledges regulatory overhaul to try to win over investors
By Alistair Smout LONDON (Reuters) -British Prime Minister Keir Starmer promised on Monday to scrap regulation that holds back economic growth as he secured commitments for more than 60 billion…
ServiceNow and CoreWeave to invest $8.2 billion in UK data centers
The UK is rapidly emerging as a global hub for artificial intelligence (AI) and cloud infrastructure, with major tech companies announcing multi-billion-pound investments in the region. US firms such as…
Warren Buffett buys more Sirius XM stock: here’s why I wouldn’t
Sirius XM Holdings Inc. (NASDAQ: SIRI) is experiencing upward momentum on Monday following the news that Warren Buffett has acquired additional shares of the satellite radio provider. The “Oracle of…
Daron Acemoglu, Simon Johnson, James Robinson win Nobel Prize for research on why countries succeed or fail
Three distinguished economists—Daron Acemoglu, Simon Johnson, and James Robinson—have been awarded the 2024 Nobel Prize in Economic Sciences for their groundbreaking research on how institutions shape economic outcomes. Their work…
Revolut leads UK banks in fraud complaints, new report shows
Revolut, the digital banking giant, is under scrutiny after being named in more fraud complaints than any other major UK bank last year. A BBC Panorama investigation revealed that Action…