Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Hedge funds short US financial stocks at near record levels -Goldman Sachs
By Carolina Mandl NEW YORK (Reuters) - Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing the underlying reaso...
Nov 10, 2023
Exclusive-Google in talks to invest in AI startup Character.AI -sources
By Krystal Hu (Reuters) - Alphabet's Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital to train mo...
Nov 10, 2023
Biden officials reject Moody’s shift to ‘negative’ outlook, point to Republican ‘dysfunction’
WASHINGTON (Reuters) - Top Biden administration officials on Friday rejected a decision by Moody's ratings agency to downgrade its U.S. economic outlook to negative from stable, calling the shift a re...
Nov 10, 2023
Yellen: no impact on US Treasury market from ICBC hack
By Ann Saphir and David Lawder SAN FRANCISCO (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said the ransomware attack on the Industrial and Commercial Bank of China that disrupted China's...
Nov 10, 2023
Exclusive-ICBC hack led to unit temporarily owing BNY $9 billion – sources
NEW YORK (Reuters) -Industrial and Commercial Bank of China's hack left its U.S. unit temporarily owing Bank of New York Mellon $9 billion as a result of unsettled trades, prompting the parent to inje...
Nov 10, 2023
Moody’s changes outlook on US credit rating to ‘negative’ from ‘stable’
(Reuters) -Moody's on Friday changed its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability. The move follows a rating downg...
Nov 10, 2023
Bargain or trap? US bank stock outlook hinges on Fed’s path
By David Randall NEW YORK (Reuters) - Bargain hunters are swirling around beaten-down shares of U.S. banks, even as skeptical investors say the sector's problems are likely to persist for some time. T...
Nov 10, 2023
Yellen and China’s He to ‘intensify communication’ after pre-APEC meetings
By David Lawder and Ann Saphir SAN FRANCISCO (Reuters) -U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng agreed to "intensify communication" and work together on a range of econ...
Nov 10, 2023
US company earnings set for biggest quarterly gain in over a year
By Caroline Valetkevitch NEW YORK (Reuters) - U.S. companies are set for their biggest year-over-year gain in quarterly earnings since the second quarter of 2022 after a high percentage of S&P 500 com...
Nov 10, 2023
Investors wary of lingering Treasury volatility as US stocks rally
By Saqib Iqbal Ahmed NEW YORK (Reuters) - A still-jittery bond market is clouding the outlook for a rally in U.S. stocks, analysts tracking measures of market volatility said. Stocks and bonds have be...
Nov 10, 2023
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