Reuters
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Citigroup promoted more than 8,500 employees at the start of 2025
NEW YORK, Feb 5 (Reuters) - Citigroup C.N promoted more than 8,500 workers as of January 1 as part of its year-end process, the bank said in a statement on its website on Wednesday.
Feb 6, 2025
Strategy reports fourth straight quarterly loss, deepens bitcoin focus with rebranding
Feb 5 (Reuters) - Strategy MSTR.O, the biggest corporate holder of bitcoin BTC=, reported a fourth consecutive quarterly loss on Wednesday as the company booked an impairment charge on its stockpile of the cryptocurrency.
Feb 6, 2025
Bank of England poised to cut rates but inflation worries linger
LONDON, Feb 6 (Reuters) - The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it juggles the need to help the sluggish economy with still-strong inflation pressures.
Feb 6, 2025
Oil down as US crude inventories swell, traders worry about China-US trade
US crude oil stocks rose sharply last week, EIA saysChina hits US with tariffs on imports of oil, other energy commodities Trump clamp-down on Iran may support prices near termUpdates prices to settlementBy Nicole Jao Feb 5 (Reuters) - Oil prices fell more than 2% on Wednesday as a large build in...
Feb 5, 2025
AMD's AI chip revenue miss hits shares amid pressure from Nvidia
In paragraphs 1 and 5 adds detail on stock dropBy Kanchana Chakravarty and Zaheer Kachwala Feb 5 (Reuters) - Advanced Micro Devices AMD.O shares tumbled 8% on Wednesday after the company's AI chip revenue failed to meet analysts' high expectations, underscoring its struggle to grab market...
Feb 5, 2025
Walt Disney beats earnings estimates with help from 'Moana 2'
Feb 5 (Reuters) - Walt Disney DIS.N sharply outperformed Wall Street's quarterly earnings estimates on Wednesday, with results buoyed by the strong holiday box office performance of animated sequel "Moana 2," though the company warned of a modest decline in Disney+ streaming subscribers in the...
Feb 5, 2025
PRECIOUS-US-China trade war spurs record-breaking rally in gold
Feb 5 (Reuters) - Gold prices climbed 1% on Wednesday, continuing their record rally as investors sought the safe-haven asset due to concerns about the escalating U.S.-China trade war and its impact on economic growth.
Feb 5, 2025
Trump says he prefers verified nuclear peace agreement with Iran
U.S. President Donald Trump said on Wednesday he preferred a verified nuclear peace agreement with Iran, according to a post on his Truth Social account.
Feb 5, 2025
Uber tops revenue estimates on strong holiday season ride-hailing, delivery demand
Uber Technologies UBER.N surpassed market expectations for fourth-quarter revenue on Wednesday, as more people used the ride-hailing platform for office commutes and its delivery business benefited from strong holiday-season demand.
Feb 5, 2025
Wegovy sales double to boost Novo Nordisk's fourth quarter as growth set to slow
Shares up 5.3% at 1027 GMTQ4 sales, EBIT beatWegovy sales more than double in fourth quarterInvestors, analysts say results "good enough"Novo loses edge to Lilly on weekly Wegovy prescriptions in U.S. 2025 sales outlook slower than last yearAdds detail on share performace in paragraphs 5-6, ...
Feb 5, 2025
BUZZ-COMMENT-Gold is the new king of currencies
Feb 5 (Reuters) - Gold has surged to a record high this month and for the time being is the new king of currencies.
While it is unlikely gold can usurp the dollar altogether, it has certainly far outperformed the greenback since the shock investors received when they piled into the greenback in...
Feb 5, 2025
China calls for cooperation with EU amid 'global challenges'
China is willing to work with the European Union to boost cooperation and respond to "global challenges," its foreign ministry said on Wednesday, as the bloc faced potential U.S. tariffs on its shipments to the world's largest economy.
Feb 5, 2025
Gallagher: Social inflation is reaching inflection point and AI should be seen as silent peril
By Mia MacGregorFeb 4 - (The Insurer) - Gallagher has highlighted five key trends to watch in the commercial insurance landscape for early 2025: rising social inflation, AI adoption challenges, ongoing supply chain disruptions, shifts in catastrophe losses and the impact of global elections.Accordin
Feb 5, 2025
JGB yields hit fresh multi-year highs as rising wages drive BOJ's rate hike bets
TOKYO, Feb 5 (Reuters) - Japanese government bond (JGB) yields hit new multi-year highs on Wednesday after government data showed a rise in wages, bolstering chances of further interest rate hikes.
Feb 5, 2025
Oil little changed as market shrugs off China tariffs but Iran pressure supports
Feb 5 (Reuters) - Oil prices were little changed on Wednesday after volatile trading in the previous session as investors shrugged off the impact of China's tariffs on U.S. energy imports though President Donald Trump's renewed push to eliminate Iranian crude exports provided some support.
Feb 5, 2025
Shanghai copper eases on US-China trade tensions
Feb 5 (Reuters) - Shanghai copper prices eased on Wednesday as trading resumed after the Lunar New Year holidays, with fears of an escalation in trade tensions between the United States and top metals consumer China dampening market sentiment.
Feb 5, 2025
Alphabet plans massive capex hike, reports cloud revenue growth slowed
Feb 4 (Reuters) - Alphabet GOOGL.O said on Tuesday it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, and investors signaled disappointment at a missed cloud revenue target and began showing impatience over profitability.
Feb 5, 2025
Fed's Jefferson: Rates likely to fall over medium term
Feb 4 (Reuters) - The Federal Reserve can continue cutting interest rates at least "over the medium term," Fed Vice Chair Philip Jefferson said on Tuesday, reiterating the U.S. central bank's message that policymakers needn't rush their next rate cut.
Feb 5, 2025
Amgen profits rise, next MariTide studies start by mid-year
Feb 4 (Reuters) - Amgen AMGN.O posted a higher quarterly profit on Tuesday as product sales rose 11% and said late-stage studies of key obesity drug candidate MariTide will start before mid-year but regulators have placed a hold on an early-stage trial of a different experimental weight-loss drug.
Feb 4, 2025
BRIEF-T-Mobile USA Files For Offering Of €1 Billion 3.150% Senior Notes Due 2032
Feb 4 (Reuters) - T-Mobile US Inc TMUS.O:T-MOBILE USA INC FILES FOR OFFERING OF €1 BILLION 3.150% SENIOR NOTES DUE 2032 -SEC FILINGT-MOBILE USA INC FILES FOR OFFERING OF €1 BILLION 3.500% SENIOR NOTES DUE 2037, €750 MILLION 3.800% SENIOR NOTES DUE 2045Source text: [ID:n0001193125-25-020073]..
Feb 4, 2025
