By David Lawder NUSA DUA, Indonesia (Reuters) -President Joe Biden’s meeting with Chinese President Xi Jinping was a “very constructive”…
U.S. mortgage interest rates drop back below 7% – MBA
(Reuters) – The average interest rate on the most popular U.S. home loan saw its largest single-week decline since July,…
Special Report-FTX’s Bankman-Fried begged for a rescue even as he revealed huge holes in firm’s books
By Angus Berwick, Anirban Sen, Elizabeth Howcroft and Lawrence Delevingne (Reuters) – As customers withdrew billions of dollars from crypto…
Peloton to sell exercise bikes on Amazon UK
(Reuters) – Peloton Interactive Inc will start selling its exercise bike and other fitness accessories on e-commerce giant Amazon.com Inc’s…
The case for a “soft” Fed landing may finally be taking hold
By Howard Schneider WASHINGTON (Reuters) – Accumulating evidence that prices are slowing, alongside signs of stretched consumer finances and even…
Lowe’s lifts annual profit forecast on higher prices, steady demand
(Reuters) – Lowe’s Cos Inc raised its full-year profit forecast on Wednesday, encouraged by higher prices and steady demand for…
Marketmind: Shot across the bow
A look at the day ahead in U.S. and global markets from Mike Dolan. The jolt to world markets from…
Asian hedge funds amassed China’s Pinduoduo, ditched JD.com in Q3
By Summer Zhen HONG KONG (Reuters) – Some of Asia’s largest hedge funds scooped up large stakes in Chinese e-commerce…
Barclays cuts 2023 global growth forecast, expects weakest growth in four decades
(Reuters) – Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to…
Amazon’s cloud computing unit plans to invest 2.5 billion euros in Spain, to support 1,300 jobs
MADRID (Reuters) – Amazon’s cloud computing unit AWS plans to invest 2.5 billion euros ($2.60 billion) in Spain over the…