By David French (Reuters) -The Dow Jones Industrial Average closed fractionally higher on Thursday, stretching its winning streak to five sessions despite light trading volumes and rising U.S. Treasury yields weighing on some of the dominant technology megacaps. While the Nasdaq Composite and the S&P 500 were broadly unchanged, the indexes both finished slightly in…
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation. Trading volumes were light on Thursday with many traders on holiday after Wednesday’s Christmas holiday…
MOSCOW (Reuters) – President Vladimir Putin said on Thursday there was no time left this year to sign a new Ukrainian gas transit deal, and laid the blame firmly on Ukraine for refusing to extend the agreement that brings gas to Slovakia, the Czech Republic and Austria. “They announced that they would not renew the…
TOKYO (Reuters) – Japan’s Nippon Steel said on Thursday it has extended the closing date for its $14.9 billion purchase of U.S. Steel as U.S. President Joe Biden weighs whether to block a deal that has faced intense opposition since it was announced. The closing date was revised to the first quarter of 2025 from…
By Nora Eckert DETROIT (Reuters) – Toyota Motor of North America is donating $1 million to President-elect Donald Trump’s Jan. 20 inauguration, a company spokesman said on Tuesday, a day after Detroit’s Ford Motor and General Motors, said they would give the same amount. Ford and GM are also contributing vehicles to the festivities, while…
By Medha Singh and David French (Reuters) -Wall Street’s main indexes advanced on Tuesday, as gains in a handful of megacap and growth stocks bolstered benchmarks in a truncated trading session before Christmas. With megacap stocks having outsized influence on markets, their performance is often a key driver of indexes. When coupled with reduced trading…
By Siddharth Cavale NEW YORK (Reuters) – In the most competitive holiday season in years, major U.S. retailers Target and Walmart are spending more on ads to reach shoppers on short-video app TikTok and streaming platforms. But while recent U.S. credit- and debit-card data point to a small gain for Target, with its shoppers spending…
By Jody Godoy (Reuters) – Apple has asked to participate in Google’s upcoming U.S. antitrust trial over online search, saying it cannot rely on Google to defend revenue-sharing agreements that send the iPhone maker billions of dollars each year for making Google the default search engine on its Safari browser. Apple does not plan to…
By Bhanvi Satija (Reuters) – U.S. retail investor fund flows into Novo Nordisk surged 32-fold on Friday, as the Danish drugmaker’s weaker-than-expected obesity drug data offered a rare dip-buying opportunity, according to Vanda Research. Daily net flows climbed to $15.6 million from $0.49 million a day earlier, after eagerly anticipated data showed Novo’s experimental drug,…
(Reuters) – Elon Musk-owned X raised the price of its premium-plus plan in several markets from Dec. 21 as the social media company looks to boost payment for creators on its platform. The top-tier plan is now priced at $22 a month in the U.S., up from $16 earlier, according to a blog post. Prices…
