A look at the day ahead in European and global markets from Ankur Banerjee Investors are holding their nerve heading into a U.S. jobs report that will likely show a labour market that is sluggish but not crumbling while markets brace for a Supreme Court ruling on the legality of President Donald Trump’s global tariff. …
By Nandita Bose WASHINGTON, Jan 9 (Reuters) – President Donald Trump’s focus on the brazen U.S. capture of Venezuelan leader Nicolas Maduro is frustrating some White House aides and Republican lawmakers, who want him to address economic and healthcare concerns in an election year, according to three people familiar with the matter. With voters disgruntled…
By Timothy Gardner WASHINGTON, Jan 9 (Reuters) – Meta Platforms said on Friday it struck 20-year agreements to buy power from three Vistra nuclear plants in the U.S. heartland and develop projects with two companies hoping to build small modular reactors. Shares of Oklo surged nearly 20%, whereas Vistra rose about 8% in premarket trade….
WASHINGTON, Jan 9 (Reuters) – U.S. single-family homebuilding rebounded in October, but permits for future construction eased, signaling caution among builders as new housing inventory remains high and demand soft. Single-family housing starts, which account for the bulk of homebuilding, increased 5.4% to a seasonally adjusted annual rate of 874,000 units in October, the Commerce…
By David Ljunggren OTTAWA, Jan 9 (Reuters) – Canada created just 8,200 net new jobs in December after three months of outsize gains and the unemployment rate rose to 6.8% from 6.5% as more people searched for work, Statistics Canada said on Friday. Analysts polled by Reuters had expected a net loss of 5,000 positions…
By Kanishka Singh WASHINGTON, Jan 8 (Reuters) – President Donald Trump’s administration said on Thursday it was creating a new division at the U.S. Department of Justice to combat what the White House called “rampant” fraud across the country. Rights advocates and critics have said the Trump administration has used fraud allegations as an excuse…
By Saeed Azhar NEW YORK, Jan 7 (Reuters) – The largest U.S. banks are expected to report bigger fourth quarter profits next week, fueled by a surge in investment banking revenue as dealmaking accelerates. The largest U.S. lender, JPMorgan Chase, will kick off earnings season for banks on Jan. 13. Citigroup, Bank of America and…
JERUSALEM, Jan 7 (Reuters) – Bank of America on Wednesday initiated coverage of Israel’s four largest banks with “buy” ratings, saying they are well leveraged and positioned to benefit from post-Gaza war economic momentum. Analyst David Taranto set a price target of 89.5 shekels for Hapoalim, one of Israel’s two biggest banks, implying an 18%…
WASHINGTON, Jan 7 (Reuters) – New U.S. dietary guidelines mention alcohol, which should be consumed in small amounts, Dr. Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services, said on Wednesday. Oz made his remarks to reporters after the release of nutrition guidelines that abandon long-standing recommendations that Americans restrict alcohol consumption to…
By Shivangi Acharya and Nikunj Ohri NEW DELHI, Jan 7 (Reuters) – India’s economic growth is estimated to surge past most initial private and official forecasts, backed by robust domestic demand and government spending, helping New Delhi cope with punitive U.S. tariffs. The near $4 trillion economy is expected to grow 7.4% in the fiscal…
