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Economy

Bank of Canada likely to reduce interest rate by 50bps

By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada is poised to cut its key policy rate by another 50 basis…
Economy

Factbox-Brokerages expect 25-bps US rate cut in December ahead of CPI data

(Reuters) – Major brokerages, including Morgan Stanley (NYSE:MS) and Goldman Sachs, have reiterated their expectation of a quarter-point interest rate cut by…
Economy

US tariffs on EU could crimp eurozone growth, UBS says

Investing.com — The imposition of a 10% US tariff on all imports from the Eurozone could significantly impact growth, according to UBS…
Stock

Lowe’s outlines growth strategy, reaffirms 2024 guidance

MOORESVILLE, N.C. – Lowe’s Companies, Inc. (NYSE: NYSE:LOW) today shared its strategic initiatives and financial objectives during its 2024 Analyst and Investor…
Stock

Exclusive-Trump tariff plan puts $3 billion in Diageo, Becle tequila imports at risk

By Emma Rumney LONDON (Reuters) – Some $3 billion in tequila and mezcal imports from top makers of the popular spirits, Diageo…
Stock

BlackRock’s private markets push may not be over after 2024 buyout spree

By David French, Andres Gonzalez and Davide Barbuscia NEW YORK (Reuters) – A dealmaking splurge by BlackRock (NYSE:BLK) in 2024 may continue…
Stock

Futures steady in lead-up to crucial inflation reading

(Reuters) – U.S. stock index futures were range-bound on Wednesday as investors stayed on the sidelines ahead of a pivotal inflation reading…
Stock

Cemex stock downgraded amid US-Mexico trade risks

Investing.com — RBC Capital Markets has downgraded Cemex SAB de CV (NYSE:CX) to “underperform,” citing heightened risks tied to the company’s heavy…
Investing

TikTok says ban would cost U.S. small businesses and creators $1.3B in first month

TikTok in a court filing Monday warned that U.S. small businesses and social media creators would lose $1.3 billion in revenue and earnings…
Economy

Indonesia president calls for more prudent government spending amid global tensions

JAKARTA (Reuters) – Indonesia’s President Prabowo Subianto called on Tuesday for more efficient government spending amid expected economic challenges caused by rising…
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