By Carolina Mandl (Reuters) -Billionaire hedge fund manager Bill Ackman is considering endorsing Donald Trump as the former U.S. president seeks to return to the White House, a source familiar with the matter said. Ackman plans to announce which candidate he will endorse on the social media network X, the source said, confirming an earlier…
NEW YORK (Reuters) – The rate of U.S. failed trades stood at 1.90% on Wednesday, a big test day for the recently implemented faster settlement cycle, roughly stable from Friday’s number, Depository Trust & Clearing Corporation (DTCC) showed this morning. Market participants were expecting it to increase to 4.1% after T+1 implementation, from 2.9%, according…
By Laila Kearney NEW YORK (Reuters) -Oil prices rose by more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while a weaker U.S. dollar made the commodity more attractive to holders of other currencies. The July contract for global benchmark Brent crude…
(Reuters) – Proxy advisory firm Glass Lewis said on Saturday it has urged Tesla shareholders to reject a $56 billion pay package for Chief Executive Officer Elon Musk, which if passed would be the largest pay package for a CEO in corporate America. The report cited reasons like the “excessive size” of the pay deal,…
(Reuters) – Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract budget-stretched customers. Still-high food prices and borrowing costs have made cash-crunched customers more conscious of their spending on pricey items and look…
By Sudip Kar-Gupta and Elizabeth Pineau PARIS (Reuters) – France won a record 15 billion euros ($16.17 billion) in foreign investment pledges on Monday, allowing President Emmanuel Macron to bask in the limelight with global CEOs and forget about strained public finances and weak polls for a while. The bumper crop of pledges, in sectors…
By Sinéad Carew and Sruthi Shankar (Reuters) – U.S. stock indexes were a mixed bag on Monday, with the S&P 500 staying shy of its March record high as investors waited for key inflation readings and earnings reports due this week while a survey showed consumers concerned about inflation. A Federal Reserve Bank of New…
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With wars actively being waged in several parts of the world right now – and the prospect for additional conflicts looking more and more likely – the global uncertainty stands to have a huge impact on the stock market. In prior decades, the potential for war typically saw an increase in investors looking for larger…
