By David Randall NEW YORK (Reuters) -U.S. retail stocks held steady on Friday as investors watched holiday spending to gauge consumer confidence at a time when inflation and rising interest rates are[...]
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Business
Neuberger Berman gets Chinese regulatory nod to conduct mutual fund business
BEIJING (Reuters) -U.S. asset manager Neuberger Berman’s Chinese unit said on Friday it had been granted a license by the Chinese securities regulator to conduct mutual fund business. The announ[...]
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Stocks typically rally in December, investors have some caution this year
By David Randall NEW YORK (Reuters) – Investors hoping for the year-end to bring stock market gains after a punishing year have history on their side as U.S. equities traditionally rally during[...]
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Billionaire investor Ackman bets Hong Kong dollar peg can break
By Tom Westbrook SINGAPORE (Reuters) – Billionaire investor Bill Ackman said he’s betting the Hong Kong dollar will fall and that its peg to the U.S. dollar can break, the latest big money[...]
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Berkshire Hathaway says Warren Buffett donates shares to family charities
(Reuters) – Berkshire Hathaway Inc said Warren Buffett has donated more of his fortune to four family charities, without disclosing whether the billionaire chairman made a new donation to the Bi[...]
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‘Substantial majority’ of Fed officials see slowdown in rate hikes ‘soon’
By Howard Schneider WASHINGTON (Reuters) -A “substantial majority” of policymakers at the Federal Reserve’s meeting early this month agreed it would “likely soon be appropriate[...]
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FTX was run as ‘personal fiefdom,’ faces hacks, missing assets, attorneys say
By Dietrich Knauth, Tom Hals and Tom Wilson NEW YORK/LONDON (Reuters) – FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchan[...]
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Analysis-Investors warm to European corporate bonds after a brutal year
By Harry Robertson LONDON (Reuters) – Investors are moving back into the European corporate bond market after one of the most brutal years in history, lured by juicy yields and hopes that centra[...]
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Fed’s George: Could take higher interest rates for longer to encourage saving
(Reuters) – The Federal Reserve may need to raise interest rates to a higher level and hold them there for longer in order to successfully moderate consumer demand and bring down high inflation[...]
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