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Trump signs order to ease US marijuana regulations, sparking industry hopes
U.S. President Donald Trump on Thursday signed an order directing the loosening of federal regulations on marijuana, a move that could further reverse decades of tough-on-weed policy.
Fri, Dec 19
Asia stocks join Wall St rally, brace for BOJ hike
Asian share markets rebounded on Friday as a turnaround in tech lifted Wall Street, leaving investors counting down to a likely hike in interest rates from the Bank of Japan that could cause waves for currencies and bonds.
Fri, Dec 19
Nike fails to contain margin bleed amid tariffs, turnaround, as shares fall
Nike NKE.N on Thursday reported a drop in gross margins for the second consecutive quarter, as poor sales in China and efforts to reset its product mix continued to vex the struggling sportswear giant, sending shares down 10%.
Fri, Dec 19
Oil prices settle slightly higher as market assesses mounting supply risks
US preparing more Russian energy sanctions in case Moscow rejects peace deal, Bloomberg reportsVenezuela's state-run oil firm resumes loading after cyberattack, most exports on hold Enforcement of Trump's blockade of tankers under sanctions unclearBy Arathy Somasekhar ...
Thu, Dec 18
METALS-Copper steady after soft US inflation data in quiet trade
Dec 18 (Reuters) - Copper struggled to find direction on Thursday as a soft inflation reading in the United States was offset by a slightly firmer dollar, while traders trimmed their exposure ahead of the Christmas holiday.Benchmark three-month copper on the London Metal Exchange CMCU3 was little ch...
Thu, Dec 18
Wheat holds near 8-week lows after China cancels purchases from US
CANBERRA, Dec 18 (Reuters) - Chicago wheat futures found their footing on Thursday but remained near eight-week lows after China cancelled purchases from the U.S. and as large harvests in Argentina and Australia poured new grain into a well-supplied market.Soybean futures were flat after falling on
Thu, Dec 18
British stocks rise as investors await Bank of England rate cut
FTSE 100 up 0.3%; FTSE 250 up 0.36%Investors await BoE rate cut amid cooling inflation FTSE 350 retailers lead gains; Currys up 10.7% Dec 18 (Reuters) - London stocks extended gains on Thursday, as investors anticipated a Bank of England interest rate cut later in the day amid a sharp slowdown in
Thu, Dec 18
Russia is preparing for contacts with the United States on Ukraine, the Kremlin says
MOSCOW, Dec 18 (Reuters) - The Kremlin said on Thursday that Russia was preparing for contacts with the United States to get details about U.S. talks with European powers and Ukraine on a possible peace settlement to end the Ukraine conflict. Politico reported that U.S. and Russian officials are
Thu, Dec 18
Amazon, Walmart shareholder pushes firms to report impact of Trump's immigration policies
NEW YORK, Dec 18 - A union-aligned investment group sent letters to Amazon, Walmart and Alphabet on Wednesday, asking how U.S. President Donald Trump's immigration policies were impacting their finances and supply chains, according to the documents seen by Reuters.
Thu, Dec 18
Coinbase pushes into stock trading, event contracts as retail battle heats up
Dec 17 (Reuters) - Coinbase COIN.O said on Wednesday it will start letting users trade stocks and event contracts tied to real-world outcomes, as the exchange expands beyond its crypto roots to compete more directly with rivals.
Thu, Dec 18
Japan to raise tax-free income threshold to ease inflation squeeze
TOKYO, Dec 18 (Reuters) - Japan is set to raise the tax-free income threshold and expand deductions for middle-income earners under a deal between Prime Minister Sanae Takaichi's minority government and a key opposition party.Japan's ruling Liberal Democratic Party and ...
Thu, Dec 18
Elliott takes over $1 billion stake in Lululemon, source says
Elliott's stake in Lululemon is over $1 billionActivist sees former Ralph Lauren exec as potential Lululemon CEO Elliott is now one of Lululemon's biggest investorsBy Svea Herbst-Bayliss and Shivani Tanna Dec 17 (Reuters) - Activist investor Elliott Management has amassed a stake of more ...
Thu, Dec 18
JGB yields edge up ahead of BOJ's policy decision
TOKYO, Dec 18 (Reuters) - Japanese government bond (JGB) yields edged higher on Thursday as investors awaited signals on future interest rate hikes from Bank of Japan Governor Kazuo Ueda's comments at his post-policy meeting news conference on Friday.The 10-year JGB yield JP10...
Thu, Dec 18
Japan's Nikkei ends at 3-week low on tech selloff over AI-business outlook
TOKYO, Dec 18 (Reuters) - Japan's Nikkei share average ended at a three-week low on Thursday, pressured by heavyweight tech stocks as investors weighed the outlook for artificial intelligence and data centre businesses. The Nikkei .N225 fell 1.03% to 49,001.5, its lowest close...
Thu, Dec 18
Micron shares up 12% in Europe after blowout forecast
Dec 18 (Reuters) - Micron Technology's MU.O Frankfurt-listed shares soared almost 12% in early European trading on Thursday following an upbeat forecast from the U.S. computer memory chip maker.Micron predicted second-quarter adjusted profit at nearly double Wall Street expectations, as prices s...
Thu, Dec 18
Ukrainian negotiators to meet US team on Friday, Saturday, Zelenskiy says
KYIV, Dec 18 (Reuters) - Ukrainian peace negotiators are en route to the United States and plan to meet the U.S. negotiating team on Friday and Saturday, President Volodymyr Zelenskiy said on Thursday. Zelenskiy told reporters in a WhatsApp media chat that there were no final aligned peace proposal
Thu, Dec 18
EU leaders to agree Ukraine financing in 2026-27, Belgium's approval key
EU leaders aim to counter Trump's 'weak' Europe claim with Ukraine support planBelgium seeks indefinite guarantees against potential Russian legal claimsEU debates financing options amid strained national budgets and Hungary's vetoBy Jan Strupczewski and Andrew Gray BRUSSELS, Dec ...
Thu, Dec 18
US consumer prices likely posted largest annual increase in 1-1/2 years in November
Consumer price index is forecast increasing 3.1% year-on-year in NovemberNo monthly inflation rates will be published after government shutdown prevented collection of data for OctoberLimited CPI values for October will be availableBy Lucia Mutikani WASHINGTON, Dec 18 (Reuters) - U.S. consumer pr
Thu, Dec 18
Trump expected to address potential easing of marijuana regulations on Thursday
Trump considers executive order to reclassify marijuanaCannabis stocks rise on potential policy changeIndustry optimistic about federal marijuana reschedulingBy Trevor Hunnicutt WASHINGTON, Dec 17 (Reuters) - President Donald Trump is expected to address the potential loosening of federal regulat...
Thu, Dec 18
With freebies, OpenAI, Google vie for Indian users and training data
Gemini, ChatGPT see surge in downloads and daily users in IndiaFree AI trials aim to create user reliance and fill data gapsChatGPT has 73 million daily users in India, twice its US base, Sensor Tower saysAI firms hope to leverage India's linguistic diversity for training dataBy Munsif Vengattil...
Thu, Dec 18
