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Russia hikes interest rates by 200 bps to 15%, above forecast
MOSCOW (Reuters) - Russia's central bank raised its key interest rate by a higher than expected 200 basis points to 15% on Friday, hiking borrowing costs for the fourth meeting running in response to ...
Syndicated Content Oct 27, 2023
Amazon rallies on cloud recovery as it chases Microsoft for AI business
By Aditya Soni (Reuters) - Amazon.com rallied nearly 6% on Friday on signs that growth in its main profit driver, the cloud business, was picking up pace after two years of sluggishness due to lower c...
Syndicated Content Oct 27, 2023
Exxon posts $9.1 billion net, down from year-ago, up 15% from 2Q
By Sabrina Valle HOUSTON (Reuters) - Exxon Mobil Corp on Friday posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the prior quarter as oil price...
Syndicated Content Oct 27, 2023
Investors scoop up tech stocks and long-dated Treasuries – BofA
LONDON (Reuters) - Investors have poured money into beaten-down, long-dated U.S. Treasuries and bruised tech stocks in recent days, BofA Global Research said in a note on Friday. There were $5.6 billi...
Syndicated Content Oct 27, 2023
China Southern Airlines posts quarterly net profit
BEIJING (Reuters) - China Southern Airlines reported a net profit of 4.2 billion yuan for the third quarter, its first profit in nearly four years. The Guangzhou-based carrier posted revenue of 47.7 b...
Syndicated Content Oct 27, 2023
Chevron’s third-quarter profit slumps despite higher oil prices
(Reuters) -Chevron posted a slump in third-quarter profit on Friday despite higher oil prices, days after agreeing to buy smaller U.S. rival Hess Corp for $53 billion, sending its shares down 1.6% bef...
Syndicated Content Oct 27, 2023
JPMorgan CEO Dimon to sell some of his stake in 2024
(Reuters) -JPMorgan Chase CEO Jamie Dimon will sell a portion of his stake in the bank in 2024, the first such stock sale by him during his tenure at the company. Dimon and his family intend to sell 1...
Syndicated Content Oct 27, 2023
Tighter credit, lending conditions build case for Fed policy hold
By Ann Saphir (Reuters) - U.S. Federal Reserve officials will likely leave their policy rate on hold at next week's meeting thanks in large part to a new dynamic unfolding before them: Other forces ar...
Syndicated Content Oct 27, 2023
‘Trump Too Small’ T-shirt slogan turns into US Supreme Court battle
By Blake Brittain WASHINGTON (Reuters) - "Trump Too Small" - a phrase mocking former President Donald Trump that a California lawyer intended to slap on T-shirts - instead has become the center of ano...
Syndicated Content Oct 27, 2023
Sam Bankman-Fried jury to hear FTX founder’s testimony in fraud trial
By Jody Godoy and Luc Cohen NEW YORK - Sam Bankman-Fried is expected to take the stand on Friday at his fraud trial in New York on charges of looting billions of dollars in customer funds from his now...
Syndicated Content Oct 27, 2023
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