Skeptical on US stocks, equity hedge funds sit out market rally

The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, US, May 4, 2021. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 16 (Reuters) – Still uncertain on where US stocks are headed, equity hedge funds are sitting out the market … Read more

China takes steps to support some property developers, boost demand in the economy

Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 16 (Reuters) – China will guarantee new onshore bond issues by a few select private developers to support its embattled property sector, sources said on Tuesday, … Read more

The UK labor market shows more signs of cooling

Workers walk to work during the morning rush hour in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 16 (Reuters) – Britain’s super-hot labor market showed more signs of cooling in official data published on Tuesday as … Read more

Analysis: Loosening financial conditions threaten central bank inflation fight

The Federal Reserve building is pictured in Washington, DC, US, August 22, 2018. REUTERS/Chris Wattie Register now for FREE unlimited access to Reuters.com Register US financial conditions loosened 80 bps since June -Goldman Sachs Euro zone conditions loosen too as stocks gain, yields fall Easier conditions make it harder for central banks to tame inflation … Read more

Morning Bid: Asia’s economic spotlight shines on giants China, Japan

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying stock market data outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 15 (Reuters) – A look at the day ahead in Asian markets … Read more

Peloton to cut jobs, shut stores and raise prices in company-wide revamp

Aug 12 (Reuters) – Peloton Interactive Inc (PTON.O) said on Friday it would cut jobs, shut stores and raise prices on its exercise equipment including treadmills and top-end bikes as it undertakes a company-wide revamp to shore up its revenue and improve cash flow. Shares of the company surged about 11% in afternoon trade after … Read more

Take Five: Retailer round-up, UK economy woes and Europe’s power problems

Aug 12 (Reuters) – US retailers’ earnings will give a glimpse into how consumers are dealing with sky-high inflation, and a raft of data will offer a check-up on the health of the UK economy. Power problems will continue to plague Europe, while the central bank spotlight falls on New Zealand. Here’s your week-ahead in … Read more

Japan’s yen bears brunt of market rethink on Fed

Japanese yen and US dollar banknotes are seen in this illustration picture taken June 15, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug 12 (Reuters) – The Japanese yen fell the most against a resurgent US dollar on Friday, as a two-day rally in equities conceded to market expectations … Read more

US stock market: Is it a bull, a bear, or a bull in a bear?

The Charging Bull statue, also known as the Wall St. Bull, is pictured in the financial district in the Manhattan borough of New York City, New York, US, September 9, 2020. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – The US stock market’s rebound in recent weeks has … Read more

Robinhood must face US market manipulation claims over ‘meme stock’ rally, judge rules

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, US, July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) must face market manipulation claims over … Read more