By Manya Saini and Niket Nishant (Reuters) -CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations. Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb, repeatedly hitting record highs and…
MANILA (Reuters) -The Philippines and Canada signed a pact on Sunday for their armed forces to train on each other’s soil, boosting defence cooperation to tackle common security concerns in the Indo-Pacific region. Canada’s first such deal in the region, the Status of Visiting Forces Agreement (SOVFA) takes to five the number of accords…
WASHINGTON (Reuters) -President Donald Trump wants to hear from the courts how to fund SNAP food aid benefits for needy Americans and payments could flow by Wednesday as ordered by a U.S. judge, Treasury Secretary Scott Bessent said on Sunday. Asked if that could be done to meet a federal judge’s order that partial payments…
By Andrea Shalal WASHINGTON (Reuters) -A new White House rule issued Friday restricts the ability of credentialed journalists to freely access the offices of press secretary Karoline Leavitt and other top communications officials in the West Wing, near the Oval Office. The new memorandum from the National Security Council bans journalists from accessing Room 140,…
(Reuters) -Nvidia will invest up to $1 billion in AI company Poolside, in a deal that would quadruple the startup’s valuation, Bloomberg News reported on Thursday, citing people familiar with the matter. Poolside is in discussions to raise $2 billion at a pre-money $12 billion valuation, Bloomberg reported, adding that Nvidia’s investment in the round…
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By Samuel Indyk and Naomi Rovnick LONDON (Reuters) -Traders were confident in their view that the European Central Bank would keep rates on hold for now after it left policy unchanged, flagging a more resilient economy and appearing more relaxed about the growth outlook. The ECB held the deposit rate at 2% for a third straight…
(Reuters) -Meta Platforms Inc is targeting at least $25 billion in a bond sale, Bloomberg News reported on Thursday, citing people familiar with the matter. Fixed-income news service IFR said the parent of Facebook and Instagram has filed for a six-part bond sale without disclosing a size, and was marketing bonds with maturities ranging from…
(Reuters) -Top technology companies hit fresh valuation milestones in October, as their shares climbed on expectations of robust demand for AI chips and computing infrastructure driven by the artificial intelligence boom. Nvidia’s shares jumped nearly 11% over the past month, adding about $500 billion in market value as it became the first company to reach…
WASHINGTON (Reuters) -U.S. President Donald Trump set the refugee admissions ceiling at 7,500 for fiscal year 2026, the lowest cap on record, a White House document published on Thursday said, part of a broader effort to reshape refugee policies in the U.S. and worldwide. Trump said in an annual refugee determination dated to September 30…
