Stock prices fall slightly, oil price rises due to supply concerns in the Middle East and Libya
Article 1 of 3 Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo (1/3)Traders work on the trading floor of the New York Stock Exchange…
With US interest rate cuts looming, the chances of an economic “soft landing” could determine equity performance
Investors focus on economic data to gauge a soft landing Labor market data crucial for future interest rate cut expectations September is traditionally the weakest month for the performance of the S&P 500 Aug 26 (Reuters) – With rate cuts…
Exclusive: Evolent Health in sale talks after takeover interest, sources say
NEW YORK, Aug 22 (Reuters) – Evolent Health (EVH.N)opens new tab is currently in talks with private equity firms and health care providers about a potential sale. The process was initiated after interest in an acquisition emerged, people familiar with…
Mike Lynch was a British technology pioneer who died at sea after being acquitted in a US trial
LONDON, Aug 22 (Reuters) – Tech tycoon Mike Lynch, who died when his luxury yacht sank off Sicily, spent more than a decade building Britain’s biggest software company – and for almost as long he fought accusations that he inflated…
Bankruptcy of Indian Ed-Tech giant Byju fuels fears among employees
The company was once valued at $22 billion in India Autumn seen as a setback for employees and the startup sector Employees weigh up legal options, protest Dispute between lenders triggered insolvency proceedings BENGALURU/NEW DELHI, Aug 22 (Reuters) – The…
Dollar nears 7-month low ahead of Powell meeting, Swedish krona falls after rate cut
Aug 20 (Reuters) – The dollar fluctuated near a seven-month low on Tuesday on speculation that the U.S. Federal Reserve will begin cutting interest rates starting next month, with traders preparing for comments from Federal Reserve Chairman Jerome Powell on…
Global stock prices rise on Fed interest rate cut bets
Article 1 of 2 LSEG signage is seen on screens in the lobby of the London Stock Exchange in London, Britain, May 14, 2024. REUTERS/Hannah McKay/File Photo (1/2)LSEG signage is seen on screens in the lobby of the London Stock…
AMD acquires server manufacturer ZT Systems for $4.9 billion in cash and stock
Aug 19 (Reuters) – AMD (AMD.O)opens new tab announced on Monday that it plans to acquire server maker ZT Systems for $4.9 billion. The company wants to expand its portfolio of chips and hardware for artificial intelligence and compete against…
