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Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
15+ hour, 27+ min ago (641+ words) SINGAPORE, Sept 14 (Reuters) – The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in…...
Nepal tunnel survivor finds solace in village homecoming
1+ day, 1+ hour ago (447+ words) TILATHI KOILADI, Nepal, Sept 13 (Reuters) – After nine days trapped in a hydropower tunnel and a week of hospital care following his dramatic rescue, Sanjay Sah, a rare survivor of last month’s devastating glacier collapse in Nepal, finally returned to his…...
Adobe beats third-quarter revenue estimates on AI product demand
3+ day, 17+ hour ago (110+ words) Sept 10 (Reuters) – Adobe beat Wall Street estimates for third-quarter revenue on Thursday, as demand for its AI-integrated products and tools continued to grow. The company reported revenue of $6.76 billion for the quarter, compared with analysts’ average estimate of $6.70 billion, according…...
Morning Bid: Forever war? | WKZO | Everything Kalamazoo | 590 AM · 106.9 FM
4+ day, 5+ hour ago (527+ words) Sept 10 (Reuters) – Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November’s midterm elections. That came amid the most intense attacks on Gulf shipping in the…...
Trading Day: Inflation palpitations
3+ day, 18+ hour ago (566+ words) In my column today, I look ahead to Friday’s U.S. CPI inflation report, and specifically the importance it has assumed. If it is “hot”, the Fed will almost certainly raise rates next week. But how have we got to a…...
Bolsonaro, Lula statistically tied in simulated Brazil runoff, Atlas/Bloomberg poll shows
3+ day, 21+ hour ago (179+ words) SAO PAULO, Sept 10 (Reuters) – Brazilian Senator Flavio Bolsonaro and President Luiz Inacio Lula da Silva are statistically tied in a simulated runoff ahead of next month’s election, an AtlasIntel/Bloomberg poll showed on Thursday, with the right-wing lawmaker now holding…...
Lagarde comments at ECB press conference
4+ day, 2+ hour ago (765+ words) Following are highlights of ECB President Christine Lagarde’s comments at a press conference after the policy meeting. ON HIGH BOND YIELDS “It’s not a euro-specific issue. It’s happening across the world, and it’s a factor of multiple causes. “It’s incorporated…...
US FDA pauses new enrollment in Biohaven’s epilepsy drug trials
4+ day, 4+ hour ago (293+ words) Sept 10 (Reuters) – Biohaven said on Thursday the U.S. FDA had imposed a partial clinical hold, pausing new patient enrollment in trials of its experimental epilepsy drug after rodent findings, sending its shares down more than 15% in early trading. • The U....
US wholesale inventories surge in July
4+ day, 19+ min ago (193+ words) WASHINGTON, Sept 10(Reuters) – U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning inventories to contribute to economic growth in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department’s Census Bureau said. Inventories,…...
ECB lifts growth, inflation projections
4+ day, 3+ hour ago (217+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised some of its growth projections on Thursday and also lifted its inflation outlook, suggesting that it expects a war-induced energy shock to dissipate only slowly. Inflation soared past 3% this summer and is…...