Top Stories
Top Stories
Analysis: Wall Street’s ‘fear gauge’ in limbo as big investors keep shunning stocks
Top Stories
Biden to sign bill to boost chipmakers, compete with China Aug. 9 – White House
Top Stories
Exclusive: Airbus axes remaining A350 jet deal with Qatar Airways – sources
Top Stories
Novo Nordisk shares fall on Wegovy news despite outlook lift
Analysis: Some investors doubt summer surge in corporate bonds will last
Date: August 3, 2022
By Davide Barbuscia NEW YORK (Reuters) – A roaring rebound in U.S. corporate bonds is being met with skepticism by some investors, who believe the gains may be short-lived as recession fears dampen the outlook for the $10 trillion market. Hopes that the Federal Reserve will be less aggressive than previously anticipated in its fight...
Crypto winter may temper fintech earnings
Date: August 3, 2022
By Manya Saini and Niket Nishant (Reuters) – Wall Street has lowered earnings expectations for once high-flying fintechs Coinbase and Block, as a chill in the cryptocurrency market adds more pain to the companies already grappling with surging costs and rapidly rising rates. Crypto exchange Coinbase is expected to report an adjusted loss in the...
Ben & Jerry’s says Unilever froze directors’ salaries
Date: August 3, 2022
By Jessica DiNapoli NEW YORK (Reuters) -Ben & Jerry’s independent board said parent company Unilever Plc, with which it is locked in a dispute over the sale of its Israeli business, had frozen its directors’ salaries in July as a pressure tactic ahead of a mediation on the matter. The Cherry Garcia ice cream maker...
Germany’s Scholz says Russia has no reason to hold up turbine return
Date: August 3, 2022
By Christoph Steitz MUELHEIM AN DER RUHR, Germany (Reuters) -German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return of a gas turbine for the Nord Stream 1 pipeline that had been serviced in Canada but has since been stranded in Germany in an escalating energy standoff. Standing next...
Drought takes toll on Tuscany’s famed olive oil and wine production
Date: August 3, 2022
By Matteo Berlenga SAN CASCIANO IN VAL DI PESA, Italy (Reuters) – Farmers in Tuscany, the heart of Italy’s prized wine and olive oil industry, are battling to salvage as much as they can of this year’s crop from the ravages of drought and heatwave. A lack of rainfall since spring has affected even plants...
Trailing UK leadership candidate Sunak says contest is in ‘early days’
Date: August 3, 2022
By William James and Andrew MacAskill LONDON (Reuters) -Former British finance minister Rishi Sunak said it was still “early days” in the contest to replace Prime Minister Boris Johnson, as two opinion polls showed his rival Liz Truss had extended her lead in the race to be Britain’s next leader. The ruling Conservative Party is...