Business
Wall Street 'fear gauge' flashes as volatility dogs US stocks
By Saqib Iqbal Ahmed NEW YORK (Reuters) - A cocktail of interest rate anxiety and geopolitical tensions is keeping U.S. stock investors defensive and driving Wall Street’s most closely watched volatility gauge to its highest level in half a year.
Analysis-Ample oil supplies limit impact of MidEast flare-up on prices
By Robert Harvey and Natalie Grover LONDON (Reuters) - Plentiful supplies of some of the biggest crude grades are limiting the impact on benchmark oil futures prices of conflict in the Middle East, according to analysts and traders. Brent crude ...
Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say
By Foo Yun Chee BRUSSELS (Reuters) - Apple's offer to open its tap-and-go mobile payments system to rivals is set to be approved by EU antitrust regulators as soon as next month after it tweaked some of the terms, people familiar with the matter ...
Trump media shares gain as it alerts Nasdaq of 'potential market manipulation'
(Reuters) - Shares of Donald Trump's media and technology company were up more than 3% on Friday after it asked the Nasdaq exchange to help prevent "naked" short-selling in its shares. Trump Media & Technology Group has alerted the CEO of ...
Hedge funds turn bearish in April, Goldman says
By Nell Mackenzie LONDON (Reuters) - Hedge funds globally have turned the most bearish they've been on equities this year, a Goldman Sachs note said, as sticky inflation and renewed geopolitical concern have dragged stock markets lower. They ...
Column-Powell's 'restrictive' emphasis maximizes Fed flexibility: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - Central bankers choose their words carefully, so recent comments from the Federal Reserve's two most senior policymakers that U.S. monetary policy could stay "restrictive" rather than "higher" for ...
Brazil's pet product retailers Petz, Cobasi sign merger memorandum
SAO PAULO (Reuters) - Brazil's Petz said on Friday it had agreed to merge with rival Cobasi in a cash and share swap deal that would create the country's largest pet product retailer. Shares in Petz jumped as much as 47% in Friday morning trade, ...
Morgan Stanley consumer IPO banker Passi leaving the bank, sources say
By Echo Wang and Abigail Summerville NEW YORK (Reuters) - Morgan Stanley's North America head of consumer and retail equity capital markets (ECM) Tilli Dias Passi will leave the bank, according to people familiar with the matter. Passi is taking ...
Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says
By Ann Saphir (Reuters) -Progress on bringing down inflation has "stalled" this year, Chicago Federal Reserve President Austan Goolsbee said on Friday, becoming the latest U.S. central banker to drop an earlier focus on the coming need for interest ...
Evercore consumer dealmaker Taetle is leaving the bank, sources say
By Abigail Summerville NEW YORK (Reuters) - Adam Taetle, a senior managing director at Evercore who advised on several transactions in the consumer & retail industry, will be leaving the investment bank, according to people familiar with the ...