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Marketmind: Tech melts, buck bounces
A look at the day ahead in U.S. and global markets from Mike Dolan. A brutal week for technology stocks worldwide got even worse on Friday as Amazon became the latest mega-cap to plunge, underscoring ...
Syndicated Content Oct 28, 2022
Oktoberfest beer awarded EU seal of approval
BERLIN (Reuters) - The European Commission said on Friday it has made "Oktoberfestbier", brewed in Munich and made famous by the city's annual beer-guzzling festival, a protected geographical indicato...
Syndicated Content Oct 28, 2022
Three of China’s largest lenders report over 6% rise in third quarter profit
BEIJING (Reuters) - Three of China's largest lenders posted third quarter profit rises of over 6% as non-performing loan ratios shrunk. Industrial and Commercial Bank of China Ltd (ICBC), the world's ...
Syndicated Content Oct 28, 2022
Investors buy equities at fastest pace in seven months, return to bonds
LONDON (Reuters) - Investors poured more money into equities than at any time since March in the week to Wednesday, and scooped up corporate bonds again, while U.S. Treasuries head for their worst ann...
Syndicated Content Oct 28, 2022
Behind U.S. Supreme Court race cases, a contested push for ‘color blindness’
By Andrew Chung (Reuters) - The U.S. Supreme Court's first Black woman justice, Ketanji Brown Jackson, wasted no time making clear her views on race. On her second day of hearing arguments on the cour...
Syndicated Content Oct 28, 2022
Designer Thebe Magugu brings South African fashion to global stage
JOHANNESBURG (Reuters) - Celebrated South African fashion designer Thebe Magugu hopes his success will inspire other young people on the continent. Magugu recently launched a new collection with globa...
Syndicated Content Oct 28, 2022
Investors who stuck it out for Musk’s Twitter deal set to reap rewards
By Svea Herbst-Bayliss NEW YORK (Reuters) - The world's wealthiest man is about to make a swath of already affluent investors even richer. Firms including Pentwater Capital, Millennium Management, Ada...
Syndicated Content Oct 28, 2022
Fed on track for tens of billions in losses amid inflation fight
By Michael S. Derby NEW YORK (Reuters) - The Federal Reserve's aggressive campaign to rein in inflation leaves it on track for tens of billions, if not more, in losses over the next few years, central...
Syndicated Content Oct 28, 2022
Obama looks to light up Democrat’s chances in key Georgia U.S. Senate race
By James Oliphant WASHINGTON (Reuters) - Democrats call in their biggest star, Barack Obama, on Friday in the hopes that the former president can excite voters in Georgia and help the party hold onto ...
Syndicated Content Oct 28, 2022
Who funded Trump’s Truth Social? Some answers
By Helen Coster and Krystal Hu (Reuters) - Ever since former U.S. President Donald Trump launched a new media company aimed at rivaling Twitter, there has been a mystery over who provided the money. T...
Syndicated Content Oct 28, 2022
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