Morning Bid: Seeking global steer, watching Fed pendulum swings
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia will likely take their cue from global dynamics and drivers given the dearth…
Morning Bid: Seeking global steer, watching Fed pendulum swings
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia will likely take their cue from global dynamics and drivers given the dearth…
Biden asks Congress for $98 billion in Helene, Milton disaster relief funding
President Biden is asking Congress to approve nearly $100 billion in emergency funding to aid recovery efforts for the recent deadly storms that ravaged parts of the South. Biden sent…
New York to impose $9 congestion fee in Manhattan starting Jan. 5
By David Shepardson (Reuters) -New York City’s Metropolitan Transportation Authority voted on Monday to implement a $9 congestion mitigation charge for driving in Manhattan starting on Jan. 5, a move…
Wolfspeed ousts CEO Gregg Lowe as slowing EV sales hit growth
(Reuters) -Chipmaker Wolfspeed (NYSE:WOLF) said on Monday that its board ousted Gregg Lowe as its CEO without cause, amid growing challenges from slowing demand for electric vehicles, sending its shares…
US labor market still boosting inflation, San Francisco Fed economists say
SAN FRANCISCO (Reuters) – A tight U.S. labor market is still adding to inflationary pressures, though less so than it did in 2022 and 2023, according to research published on…
Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500
NEW YORK (Reuters) – Morgan Stanley (NYSE:MS) has increased its 12-month base case price target on the S&P 500 to 6,500, the firm’s equity strategist Michael Wilson and other strategists…
Brazil’s central bank chief says monetary policy tied to fiscal fears
By Marcela Ayres (Reuters) – Brazil’s central bank chief, Roberto Campos Neto, said on Monday that monetary policy is being driven to some extent by fiscal policy as risk premiums…
New York to impose $9 congestion fee in Manhattan starting Jan. 5
By David Shepardson (Reuters) -New York City’s Metropolitan Transportation Authority voted on Monday to implement a $9 congestion mitigation charge for driving in Manhattan starting on Jan. 5, a move…
Wolfspeed ousts CEO Gregg Lowe as slowing EV sales hit growth
(Reuters) -Chipmaker Wolfspeed (NYSE:WOLF) said on Monday that its board ousted Gregg Lowe as its CEO without cause, amid growing challenges from slowing demand for electric vehicles, sending its shares…