Dollar allocations moving from overweight to more natural weighting, ECB’s Lane says
WASHINGTON (Reuters) -The recent shifts in asset portfolio allocations away from the dollar may represent a move from overweighting dollar…
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Chipotle tempers annual sales forecast as spending weakens
(Reuters) – Chipotle Mexican Grill on Wednesday tempered its annual comparable sales growth forecast as sticky inflation and economic uncertainty…
IBM forecasts second-quarter revenue above estimates, soothing tariff worries
By Arsheeya Bajwa (Reuters) -IBM said on Wednesday it expects second-quarter revenue above Wall Street estimates, betting on resilient demand…
JP Morgan see gold prices crossing $4,000/oz by Q2 2026
(Reuters) – JP Morgan sees gold prices crossing the $4,000 per ounce milestone next year, following increased recession probabilities amid…
Elliott wants BP to boost free cash flow to $20 billion by 2027, source says
By Shadia Nasralla (Reuters) -Activist investor Elliott Management has urged BP to boost its free cash flow to $20 billion…
Sam Altman stepping down as Oklo chairman, CNBC reports
(Reuters) -OpenAI CEO Sam Altman is stepping down as the chairman of nuclear startup Oklo, CNBC reported on Tuesday, sending…
Factbox-Major cases involving Trump before the US Supreme Court
(Reuters) – The U.S. Supreme Court has acted in a series of cases involving challenges to executive orders signed by…
Baker Tilly and Moss Adams set to merge in $7 billion deal, WSJ reports
(Reuters) – Accounting firms Baker Tilly and Moss Adams have agreed to merge in a $7 billion deal, making it…
China retreats from US private equity investments, FT reports
(Reuters) -China’s state-backed funds are pulling back from investing in the funds of U.S.-headquartered private capital firms amid an escalating…
Hedge funds cut ‘Mag Seven’ to two-year low ahead of earnings
By Carolina Mandl NEW YORK (Reuters) -Global hedge funds last week dumped the so-called Magnificent Seven megacap stocks, bringing their…