Oct 6 (Reuters) – San Francisco Federal Reserve President Mary Daly on Tuesday said she supported September’s interest-rate hike in the face of rising inflation risks, but feels that whether more are needed depends largely on whether the shocks that have been pushing up on inflation look set to fade
By Nicole Jao NEW YORK, Oct 6 (Reuters) – US homes that primarily heat with natural gas or propane — about half of households — will spend less on energy this winter than last, the Energy Information Administration said in its winter fuels outlook report on Tuesday. But households that use heating o
NEW YORK, Oct 6 (Reuters) – The US Energy Information Administration raised its oil price forecast for this year and next year on Tuesday, as global stockpiles fall rapidly and diesel markets remain tight due to the ongoing Iran war. Attacks on Saudi Arabia’s East-West Pipeline, a key export route f
Oct 6 (Reuters) – Prediction market startup Kalshi launched a stock index perpetual future on Tuesday, broadening the reach of the nascent derivatives instrument as it looks to challenge traditional exchange operators. Here are some more details: • The contract will track a Kalshi index, US 500, hou
By Nupur Anand NEW YORK, Oct 6 (Reuters) – JPMorgan Chase has appointed former Goldman Sachs and Sycamore executive Rob Sweeney as a global chair of investment banking, according to an internal memo seen by Reuters. In the role, Sweeney will advise major corporate clients, particularly in the consum
By Giuseppe Fonte, Kate Abnett and Alex Lawler ROME/LONDON, Oct 6 (Reuters) – The West’s energy watchdog will meet next week to work out the details of a diesel stock release as market confusion grows over how many barrels Europe and the US plan to make available to address shortages and record-high
By Pete Schroeder WASHINGTON, Oct 6 (Reuters) – The Federal Reserve plans to overhaul how it supervises US banks, replacing a model that charged its regional bank presidents with overseeing examinations with a new one that will be more accountable to Washington, the central bank’s top regulatory off
(Washington, DC) — President Trump is aiming to bring down diesel prices. He signed an executive order yesterday allowing access to “tax-free red-dyed diesel for any reason” until the end of this year. Red-dyed and regular diesel are the same quality but the red-dyed variety is for off-road uses onl
Oct 6 (Reuters) – AT&T said on Tuesday it would form a fiber joint venture with BlackRock’s Global Infrastructure Partners and Canada Pension Plan Investment Board, as America’s largest fiber provider looks to expand faster across more US communities. Here are more details: • The joint venture will
Oct 6 (Reuters) – The benchmark S&P 500 index briefly hit an all-time high on Tuesday as optimism surrounding the AI trade and hopes of strong corporate earnings lifted technology stocks, further boosting the bull market that began in October 2022. The index rose as much as 0.6% to 7817.13 points, m
By Shivangi Acharya and Manoj Kumar NEW DELHI, Oct 6 (Reuters) – Senior officials in India and the United States have indicated long-running efforts to finalise a bilateral trade agreement have stalled, again. Both nations had agreed to a framework for the deal in February which brought down to 18%
LONDON, Oct 6 (Reuters) – U.S. Treasury yields are good value after a recent surge that has seen borrowing costs rise to their highest levels in years, Rupert Harrison, senior advisor, portfolio management at bond fund PIMCO said on Tuesday. Ten- and 30-year Treasury yields have hit fresh 24-year hi
By Mike Dolan Oct 6 (Reuters) – Sovereign bond markets can’t find a break, but US tech stocks march on regardless. Monday’s trading on Wall Street was remarkable as the tech-heavy Nasdaq jumped more than 1% to a new record, even as long-term Treasury yields burst higher again to levels not seen sinc
By David Shepardson WASHINGTON, Oct 6 (Reuters) – A US judge on Tuesday will hold a hearing on Walt Disney’s lawsuit seeking to block the Federal Communications Commission’s early review of licenses for the firm’s eight company-owned ABC stations. The lawsuit, filed in August, poses a key test for F
By Gertrude Chavez-Dreyfuss NEW YORK, Oct 6 (Reuters) – A stream of investor cash flowing into money-market funds has slowed significantly this year, pushing up yields on Treasury bills and potentially leaving markets vulnerable to short-term funding issues. Money fund inflows have totaled just $158
Oct 6 (Reuters) – Governments, courts and companies are considering restrictions and examining existing rules on smart glasses amid worries that the technology, brought to mainstream by Meta’s Ray-Bans, could be used to photograph, film or audio-record confidential materials or people without their
By Miho Uranaka and Yantoultra Ngui TOKYO/HONG KONG, Oct 6 (Reuters) – Bain Capital and Singapore’s GIC are exploring prospects for an IPO or sale for Japan’s WHI Holdings at a valuation of at least 500 billion yen ($3.2 billion) for the human resources software company, two people with knowledge of
Oct 6 (Reuters) – Profits for the US securities industry totaled $45.9 billion in the first half of the year, putting it on track for a new annual record, according to a report released on Tuesday by New York State Comptroller Thomas DiNapoli. A revival in dealmaking, strong trading revenue fueled b
By Wen-Yee Lee TAIPEI, Oct 6 (Reuters) – AMD plans to substantially increase chip supply in 2027 as the US chipmaker races to meet booming demand from artificial intelligence, CEO Lisa Su said on Tuesday. AMD, Nvidia’s closest rival in AI graphics processors, has been rapidly expanding its AI chip b
By Kane Wu and Makiko Yamazaki HONG KONG/TOKYO, Oct 6 (Reuters) – Blackstone, Bain Capital and Warburg Pincus are among global investors expected to submit final bids for the property unit of Japanese broadcaster Fuji Media by the end of this month, said two people with knowledge of the sale. Fuji M
Oct 5 (Reuters) – US Vice President JD Vance said on Monday that a long-planned liquefied natural gas pipeline in Alaska was going to happen, but there were still some details that needed to be worked out with South Korea. Last week, US President Donald Trump announced plans for South Korea to inves
A look at the day ahead in European and global markets from Stella Qiu Just when markets thought Europe’s political theatre could not get more crowded with the French fiscal drama, Spanish Prime Minister Pedro Sanchez called a snap election for November. Sanchez is trailing in polls and a defeat wou
By Marc Jones LONDON, Oct 5 (Reuters) – Central banks will remain at the heart of managing future financial crises, but rising public debt and other key changes could make their task more difficult and controversial, the head of the Bank for International Settlements (BIS) said on Monday. Speaking i
By Stella Qiu SYDNEY, Oct 6 (Reuters) – Asian stocks rose on Tuesday after a tech-fuelled rally lifted the Nasdaq to a record close, with a retreat in oil prices offering further support even as longer-dated Treasury yields hovered near multi-decade highs. The euro languished near 17-month lows afte
By Rae Wee and Harry Robertson SINGAPORE/LONDON, Oct 6 (Reuters) – The euro steadied just above a 17-month low on Tuesday as euro zone bond markets stabilised, a day after the currency fell sharply on fears that stress in French bond markets could spread more widely. The US dollar continued to trade
By Sumit Saha and Emily Chow SINGAPORE, Oct 6 (Reuters) – Oil prices fell on Tuesday as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns, though lingering security risks in the region capped further losses. Brent crude futures were down 83 cents, or 0
Oct 5 (Reuters) – Global investment firm KKR said on Monday it had agreed to buy private capital fund administrator Gen II Fund Services in a $5.1 billion deal including debt, gaining exposure to infrastructure supporting private markets. Here are some of the details. • KKR will buy Gen II from Hg,
Oct 5 (Reuters) – L’Oreal has engaged restructuring advisers to explore options for rising US legal liabilities linked to its use of talc and other chemical ingredients in some of its cosmetic products, the Wall Street Journal reported on Monday. The cosmetics maker’s US unit is working with restruc
By Juveria Tabassum and Angela Christy M Oct 5 (Reuters) – A major Mattel shareholder urged the Barbie maker on Monday to explore a sale, saying progress in its performance and profitability had stalled, according to a letter seen by Reuters. Ariel Investments, which holds a 5.4% stake in Mattel, sa
Oct 5 (Reuters) – DayOne Data Centers filed for an initial public offering in the United States on Monday. The filing comes as surging bond yields and elevated interest rates cloud the outlook for the fall IPO market. Morgan Stanley, J.P. Morgan, BofA Securities, Citigroup are among the underwriters
