Wall St stumbles on weak data, comments from hawkish Fed
Fed’s Bullard, Mester back rate rises US retail sales fall in December Indexes down: Dow 1.28%, S&P 1.07%, Nasdaq 0.78% 18 Jan. (Reuters) – Wall Street’s major indices fell on…
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Microsoft is cutting 10,000 jobs as the cloud technology sector worries about the recession
DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it would cut 10,000 jobs and cash in at $1.2 billion as its cloud computing customers reassess their…
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Exclusive: The Vietnamese market is in danger of missing the 2025 deadline for upgrade to emerging status – sources
Vietnam wants its stock market to gain emerging economy status HCMC stock market is classified in top indexes as a frontier market Upgrade would lead to $5 billion initial inflow…
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PineBridge and Pictet increase exposure to China real estate on hopes of a recovery
HONG KONG, Jan. 18 (Reuters) – Global investors including PineBridge and Pictet are ramping up their exposure to Chinese real estate developers, betting that a slew of support measures for…
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Goldman misses earnings estimates as deal closings slump and consumer business hits
17 Jan. (Reuters) – Goldman Sachs Group Inc (GS.N) reported a larger-than-expected 69% drop in fourth-quarter earnings on Tuesday as it struggled with a slump in deal closings, a drop…
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Tesla video promoting self-driving has been staged, an engineer testifies
17 Jan. (Reuters) – A 2016 video that Tesla (TSLA.O) used to promote its self-driving technology was staged to show capabilities such as stopping at a red light and accelerating…
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Analysis: Bond traders are regaining their swagger in interest-obsessed markets
NEW YORK, January 17 (Reuters) – Bond traders are once again stars on Wall Street. Fixed income, currency and commodities (FICC) traders boosted bank profits last year despite bleak deal…
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European equities close on report that the ECB is considering smaller interest rate hikes
ECB news raises sentiment up close LVMH reaches 400 billion euros in market value Ocado slumps while Ocado Retail’s profits are under pressure 17 Jan. (Reuters) – European stocks reversed…
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Goldman is going to lay off thousands of employees as the number of layoffs on Wall Street increases
NEW YORK, Dec. 16 (Reuters) – Goldman Sachs Group Inc (GS.N) plans to lay off thousands of employees to navigate a tough economic environment, a source familiar with the matter…
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Twitter suspends several journalists, Musk calls ‘doxxing’ of his jet
Dec. 15 (Reuters) – Twitter on Thursday suspended the accounts of several prominent journalists who recently wrote about new owner Elon Musk, with the billionaire tweeting that rules prohibiting the…
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