Australia's Woolworths, Coles to defend lawsuit over discounts
By Rajasik Mukherjee (Reuters) - Australian grocers Woolworths and Coles said on Friday they would defend class action proceedings commenced by a law firm in federal court over...
By Rajasik Mukherjee (Reuters) - Australian grocers Woolworths and Coles said on Friday they would defend class action proceedings commenced by a law firm in federal court over...
The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European stock market futures in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data showing retail sales in the world's second-biggest economy beat forecasts in October in a welcome sign for consumer spending, although other indicators missed. Overnight, Fed Chair Jerome Powell said there was no need to rush rate cuts with the economy still growing, the job market solid and inflation still above the 2% target, tempering expectations for a rate cut next month.
The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European stock market futures in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data showing retail sales in the world's second-biggest economy beat forecasts in October in a welcome sign for consumer spending, although other indicators missed. Overnight, Fed Chair Jerome Powell said there was no need to rush rate cuts with the economy still growing, the job market solid and inflation still above the 2% target, tempering expectations for a rate cut next month.
Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back of fading election worries and expectations of a Republican lock on power in Washington next year. Together, they have helped drive the S&P 500's gain of 3% since the Nov. 5 vote. "We've got this relief from this big risk," said Garrett DeSimone, head of quantitative research at OptionMetrics.
Yahoo Finance readers have their say on bitcoin's stunning rally and how high it's likely to surge.
By Nelson Acosta HAVANA (Reuters) - Cuba is unlikely to see any growth in 2024, Economy Minister Joaquin Alonso said on Thursday, as its already sputtering state-run economy...
This week, Bitcoin set a new record high trading above $90 000 majorly due to continued institutional demand and optimism in the market. MicroStrategy led by its CEO Michael Saylor made a $2bn acquisition that saw the company acquire closer to 25,000 BTC. Saylor noted the decision, saying: “Bitcoin ...
By Chris Prentice NEW YORK (Reuters) -A top U.S. lobbying group for hedge funds and private credit firms on Thursday asked Donald Trump's transition team to review "harmful"...
Crypto bros expect the industry to benefit under the new administration, but it isn’t clear that also means bitcoin itself will benefit.
BRUSSELS (Reuters) -The European Commission on Thursday fined Meta Platforms (NASDAQ:META) €797.72 million ($840.24 million) over abusive practices benefiting Facebook...