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People walk around the New York Stock Exchange in New York, U.S., December 29, 2023.

Wall Street 'fear gauge' flashes as volatility dogs US stocks

Saqib Iqbal Ahmed |Updated 7 minutes ago |2 min read

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.

Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023.

Analysis-Ample oil supplies limit impact of MidEast flare-up on prices

Natalie Grover, Robert Harvey |Updated 7 minutes ago |3 min read

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 ...

An Apple logo is pictured in an Apple store in Paris, France, March 6, 2024.

Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say

Foo Yun Chee |Updated 5 minutes ago |1 min read

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 ...

The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022.

Trump media shares gain as it alerts Nasdaq of 'potential market manipulation'

Reuters |Updated 17 minutes ago |2 min read

(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 ...

The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022.

Hedge funds turn bearish in April, Goldman says

Nell Mackenzie |Updated 57 minutes ago |2 min read

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 ...

U.S. Federal Reserve Chair Jerome Powell speaks at the 2024 Business, Government & Society Forum at the Stanford Graduate School of Business in Stanford, California, U.S., April 3, 2024.

Column-Powell's 'restrictive' emphasis maximizes Fed flexibility: McGeever

Jamie McGeever |Updated 1 hour ago |4 min read

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 ...

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Brazil's pet product retailers Petz, Cobasi sign merger memorandum

Reuters |Updated 1 hour ago |2 min read

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, ...

A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018.

Morgan Stanley consumer IPO banker Passi leaving the bank, sources say

Abigail Summerville, Echo Wang |Updated 2 hours ago |1 min read

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 ...

Chicago Fed President Austan Goolsbee reacts as he heads into the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023.

Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says

Reuters |Updated 27 minutes ago |2 min read

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 ...

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Evercore consumer dealmaker Taetle is leaving the bank, sources say

Abigail Summerville |Updated 2 hours ago |1 min read

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 ...

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