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Economy

Exclusive-Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say

By Pesha Magid, Hadeel Al Sayegh and Federico Maccioni RIYADH/DUBAI (Reuters) -Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject…
Economy

Morning bid: A twist in the U.S.’s inflation tale?

(Reuters) – A look at the day ahead in U.S. and global markets by Amanda Cooper. The dollar is forging ahead again,…
Stock

Hapag-Lloyd CEO expects shipping volume strength to continue

By Vera Eckert and Elke Ahlswede FRANKFURT (Reuters) – Hapag-Lloyd’s CEO said on Thursday he expects continued strength in container shipping volumes,…
Stock

Walt Disney earnings beat by $0.04, revenue topped estimates

Investing.com – Walt Disney (NYSE: DIS) reported fourth quarter EPS of $1.14, $0.04 better than the analyst estimate of $1.10. Revenue for…
Stock

Nvidia’s surge far from over as AI train is back on track: HSBC

Investing.com – Nvidia (NASDAQ:NVDA) is due to report its latest quarterly results on Nov. 20, with investors on the lookout for any guidance…
Stock

UK stocks edge higher, Burberry boosts mid-caps

By Sruthi Shankar (Reuters) – UK stocks edged higher on Thursday, with luxury firm Burberry (LON:BRBY) leading gains in the mid-cap index…
Stock

Stock rally coming? VIX could re-test year lows into year-end says UBS

Investing.com — UBS strategists see a potential year-end rally in US equities, driven by a combination of seasonal trends, strong investor sentiment,…
Investing

‘Trump trade’ returns for second week as bitcoin, Tesla, stocks surge

Cryptocurrencies and stocks, including Tesla, rallied Monday, picking up where they left off last week in the wake of the President-elect Donald…
Investing

Mattel pulls thousands of ‘Wicked’ dolls off shelves after printing adult website on packaging

Thousands of Mattel’s “Wicked”-branded fashion dolls are flying off shelves, but not because of consumer demand. The toy company has been forced to pull…
Economy

German opposition leader Merz says debt brake can be reformed

By Andreas Rinke and Maria Martinez BERLIN (Reuters) – The leader of Germany’s conservative Christian Democrats (CDU) Friedrich Merz said he could…
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