By Mike Scarcella (Reuters) – Two major U.S. law firms are feuding over which one will lead a consumer antitrust…
U.S. financial conditions may tighten further: SF Fed paper
By Ann Saphir (Reuters) – U.S. stocks may fall further, and bond yields rise, as the Federal Reserve continues its…
German minister Habeck calls for green tech cooperation with United States
BERLIN (Reuters) – Germany’s Economy Minister Robert Habeck has called for cooperation in green investments between Europe and the United…
AI stocks rally in latest Wall Street craze sparked by ChatGPT
(Reuters) – Shares of C3.ai Inc, BigBear.ai and SoundHound AI extended a rally on Monday as artificial intelligence becomes a…
Hedge funds caught in bigger squeeze than 2021 meme stock frenzy – Goldman Sachs note
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Hedge funds betting against stocks globally abandoned those trades last week…
Canada’s Ivey PMI rebounds to 8-month high as employment rises
TORONTO (Reuters) – Canadian economic activity expanded in January at the sharpest pace in eight months as employment climbed and…
Faraday Future shares gain on securing funding to start EV production
(Reuters) -Shares of Faraday Future Intelligent Electric Inc rose about 8% to $1.17 on Monday after the company said it…
India’s Adani crisis spills over into street protests as losses top $110 billion
By Adnan Abidi, M. Sriram and Aditi Shah NEW DELHI (Reuters) – The crisis engulfing the Adani Group intensified on…
Cummins sees double-digit revenue growth for fiscal 2023 on engine demand
(Reuters) – Cummins Inc on Monday forecast fiscal 2023 revenue growth between 12% and 17%, anticipating strong demand for its…
Abbvie plans to lift $2 billion cap on deals – WSJ
(Reuters) – Abbvie will lift a self-imposed $2 billion limit on acquisitions and mergers placed following a $63 billion deal…