A look at the day ahead in U.S. and global markets from Mike Dolan. With everyone on Wall St seemingly hand wringing about stagflation next year, the price of crude oil has plummeted by up to 10% this week to its lowest since early January – offering some relief in an otherwise murky outlook. Even […]

By Huw Jones LONDON (Reuters) – Splitting EY into separate accounting and consultancy businesses will help pay rising technology bills and “inevitably” be copied by rival “Big Four” firms, a top EY official told a Reuters Breakingviews podcast. Andy Baldwin, global managing partner, said EY was holding roadshows to explain a “compelling case” for the […]

By Katie Paul and Sheila Dang (Reuters) -Elon Musk’s Twitter is leaning heavily on automation to moderate content, doing away with certain manual reviews and favoring restrictions on distribution rather than removing certain speech outright, its new head of trust and safety told Reuters. Twitter is also more aggressively restricting abuse-prone hashtags and search results […]

(Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the collapse of […]

By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of interest rate hikes to combat inflation. The Labor Department’s jobs report showed nonfarm payrolls […]

By Nobuyo Saito TOKYO (Reuters) – Japanese shares of soccer-related companies had a good day on Friday as they mirrored the national team’s roller-coaster performance at the World Cup where the “Samurai Blue” delivered another shocking win, this time over global powerhouse Spain. Having also beaten four-times champions Germany in their first match last week, […]

LONDON (Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan. Intended or not, investors clearly read Wednesday’s keynote speech by the Federal Reserve chair as a green light for a yearend relief rally in beaten down assets. And with China now expected to announce in the coming days […]

(Reuters) – Analysts at Piper Sandler on Thursday cut their revenue and iPhone sales estimates for Apple Inc’s December quarter, as Beijing’s strict lockdowns crimp production at the world’s biggest iPhone factory in Zhengzhou, China. The brokerage now expects $119 billon in revenue for the current quarter from an earlier projection of $127.3 billion, with […]