By Saqib Iqbal Ahmed and Terence Gabriel NEW YORK (Reuters) – A tariff-induced selloff in the U.S. stock market faces another worry, the “death cross” pattern, but history shows the ominous sounding technical signal may not necessarily mean equities face more significant downside. A death cross occurs when the 50-day moving average (DMA), seen by…
By Jonathan Landay and Humeyra Pamuk WASHINGTON (Reuters) – U.S. President Donald Trump’s administration wants to halve the State Department budget, cutting more than $30 billion, in fiscal 2026, four U.S. officials familiar with the plan said on Monday – a massive reduction that could see nearly 30 U.S. missions shut and foreign aid slashed…
(Reuters) – U.S.-based buyout firm Atlas Holdings is in advanced talks to take over Banknote printer De La Rue for about 130 pence per share, Sky News reported on Monday. The deal recommended by De La Rue’s board was likely to be announced as early as Tuesday morning, the report added, citing a shareholder. The…
BEIJING (Reuters) -Tesla has suspended taking new orders for Model S and Model X vehicles on its Chinese website, Reuters checks showed on Friday, as the world’s two largest economies exchange blows in a trade war. Both models are made in the U.S. and imported to China. New orders for the two models were also…
By Nelson Bocanegra BOGOTA (Reuters) – Lower oil prices could reduce Colombian state-run oil firm Ecopetrol’s profits by up to 12 trillion pesos ($2.76 billion) this year, the company’s president warned on Friday. Ecopetrol may also have to scrap production at some fields and focus on those with lower costs, president Ricardo Roa told journalists…
LONDON (Reuters) – Foreign investors dumped $6.5 billion of U.S. equities in the five trading sessions ending Wednesday, BofA Global Research said on Friday, as tariff induced turmoil gripped markets. Safe haven U.S. Treasuries saw their biggest ever weekly inflow of $18.8 billion, while investors withdrew $21.3 billion from active equity funds and a record…
By Lewis Krauskopf NEW YORK (Reuters) -Wild swings in global markets are poised to keep U.S. stock investors on edge in the coming week, as a weakening dollar and a selloff in Treasuries compound extreme equity volatility that erupted after President Donald Trump launched his sweeping tariffs. The S&P 500 was set for solid gains…
By Brijesh Patel and Anmol Choubey (Reuters) – Gold prices jumped nearly 3% to an all-time high on Thursday, as a drop in the dollar and an escalating trade war between the U.S. and China drove investors towards the safe-haven allure of the precious metal. Spot gold climbed 2.6% to $3,160.82 an ounce at 01:54…
(Reuters) -Vaccine maker Novavax’s shares plunged over 22% on Thursday after Health and Human Services Secretary Robert F. Kennedy Jr. raised concerns about the company’s COVID-19 vaccine in an interview with CBS News. The U.S. Food and Drug Administration, an agency that is part of the U.S. Department of Health and Human Services, missed its…
WASHINGTON (Reuters) – The United States issued new sanctions targeting Iran’s “shadow fleet” on Thursday, citing one individual and India- and United Arab Emirates-based groups whose vessels have transported Iranian oil. The Treasury Department cited United Arab Emirates (UAE)-based Indian national Jugwinder Singh Brar, who owns shipping companies with a fleet of nearly 30 vessels….
