Wall St rallies; Nasdaq hits 40-year milestone, Apple scales $3 trillion
Apple passes $3 trln market capNasdaq composite has biggest first-half gain since 1983,Nasdaq 100 has record first half increasePCE index...
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Morning Bid: G4 central bankers speak, chips wars rumble
A look at the day ahead in U.S. and global markets from Mike DolanEyeing another slew of impressive U.S. economic...
Japan-backed fund to buy chip materials maker JSR for $6.4 bln
Japan govt aims to boost chip industry competitivenessPeers jump on expectation of sector consolidationTOKYO, June 26 (Reuters) - Japan stepped...
Morning Bid: World markets calm after Russia drama
A look at the day ahead in U.S. and global markets from Mike Dolan.More perplexed by events than anything else,...
AMERICAS Dogged central banks rein in risk
A look at the day ahead in U.S. and global markets from Mike DolanEven if investors sense light at the...
S&P 500 ends lower as Microsoft recedes from record high
Microsoft weighs on S&P 500 and NasdaqAdobe climbs after upbeat earnings forecastNasdaq logs longest weekly winning streak since March 2019Indexes...
Airbus, ASML, Ericsson, others in 8.1 bln euro EU microelectronics projects
BRUSSELS, June 8 (Reuters) - Airbus (AIR.PA), ASML (ASML.AS), Ericsson (ERICb.ST) and 53 other companies will take part in joint...
Bank failures, ‘hard landing’ still top-of-mind for hedge funds
NEW YORK, June 7 (Reuters) - Big U.S. hedge fund and family office investors on Wednesday cautioned that despite the U.S. economy showing resilience, a recession and more bank failures remained likely in an environment of persistent inflation.U.S. investor Stanley Druckenmiller, chairman and chief executive officer at Duquesne Family Office, said he still expected a hard landing for the U.S. economy - a scenario where the Federal Reserve's rate-hiking pushes the economy into a recession."I think the probabilities would suggest that Silicon Valley Bank, Bed Bath & Beyond, they're probably...
EU’s Breton cites telcos’ investment gap for Big Tech network fee push
BRUSSELS, June 6 (Reuters) - Europe is falling behind other regions and needs to invest massively in its telecoms network...
Crypto shares tumble as Binance SEC lawsuit ripples through industry
June 5 (Reuters) - Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry.The U.S. Securities and Exchange Commission sued Binance and its CEO Changpeng Zhao for secretly controlling Binance.US as part of a "web of deception" to evade U.S. laws, among other charges. Reuters earlier reported that Binance controlled its US affiliate’s bank accounts, despite claiming it was independent.The SEC also said Binance artificially inflated trading volumes on the platform, diverted customer funds and...