A look at the day ahead in European and global markets from Wayne Cole. Surely the most fun story today,…
Alphabet shares dive after Google AI chatbot Bard flubs answer in ad
By Martin Coulter and Greg Bensinger LONDON (Reuters) – Alphabet Inc lost $100 billion in market value on Wednesday after…
Multi-manager hedge funds offer big returns but at high cost
By Nell Mackenzie and Carolina Mandl LONDON (Reuters) – Multi-manager hedge funds charge expense fees about triple the size of…
U.S. dollar flat to moderately higher, weak outlook intact on Fed outlook
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar was little changed to marginally higher on Wednesday as investors paused…
Oil settles up for third day as interest rate concerns ease
By Laura Sanicola (Reuters) -Oil rose for a third straight day on Wednesday as investors felt more comfortable with risk…
Britain takes aim at Microsoft’s $69 billion ‘Call of Duty’ deal
By Paul Sandle LONDON (Reuters) – Britain placed another hurdle in the way of Microsoft’s $69-billion mega purchase of “Call…
Equinor shares spike as gas bonanza lands record profit
By Nerijus Adomaitis and Nora Buli OSLO/LONDON (Reuters) – Equinor posted a record $74.9 billion adjusted operating profit on Wednesday,…
Big Oil doubles profits in blockbuster 2022
By Ron Bousso LONDON (Reuters) – Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous…
Marketmind: Powell confesses ‘This time it’s different’
A look at the day ahead in U.S. and global markets from Mike Dolan. Jerome Powell calmed the horses, a…
Shoppers to face fresh price hikes as stores, suppliers pass on costs
By Richa Naidu LONDON (Reuters) – Shoppers around the world will pay even more for groceries this year than they…