S&P 500 snaps losing streak on jobless claims rise

S&P 500 snaps losing streak on jobless claims rise

Weekly jobless claims rise in line with estimates Moderna, Pfizer up as FDA authorizes updated COVID boosters Exxon climbs after boosting buyback program Dec 8 (Reuters) – The S&P 500 (.SPX) closed higher on Thursday, snapping a five-session losing streak, as investors pushed the index higher after interpreting data showing a rise in weekly jobless … Read more

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Florida pulls  bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets … Read more

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses .1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more

Climate protesters in Portugal storm building, urge minister to step down

Climate protesters in Portugal storm building, urge minister to step down

LISBON, Nov 12 (Reuters) – Hundreds of protesters angry about the climate crisis took to the streets of Lisbon on Saturday, with dozens storming a building where Portugal’s Economy Minister Antonio Costa e Silva was speaking demanding that the former oil executive resign. Holding banners and chanting slogans, protesters demanded climate action. As some demonstrators … Read more

UK’s Truss expected to fire Kwarteng – Times

UK’s Truss expected to fire Kwarteng – Times

Kwarteng leaves IMF meeting early Pressure mounts for a U-turn over tax policy Pound, bond prices recovering PM Truss now faces political fight LONDON, Oct 14 (Reuters) – British Prime Minister Liz Truss will fire her finance minister Kwasi Kwarteng and scrap parts of their economic package, the Times newspaper reported on Friday, in a … Read more

BlackRock assets fall below $8 tln, profit beats on strong ETF demand

BlackRock assets fall below  tln, profit beats on strong ETF demand

Oct 13 (Reuters) – BlackRock Inc (BLK.N) posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout, but its assets under management fell below expectations. The threat of a recession, surging interest rates and the … Read more

Westinghouse to be sold in $7.9-bln deal as interest in nuclear power grows

Westinghouse to be sold in .9-bln deal as interest in nuclear power grows

Oct 11 (Reuters) – Cameco Corp (CCO.TO) and Brookfield Renewable Partners said on Tuesday they would acquire nuclear power plant equipment maker Westinghouse Electric in a $7.9-billion deal including debt, amid renewed interest in nuclear energy. The deal for one of the most storied names in the American power industry at an equity value of … Read more

Exclusive: Apollo, Sixth Street no longer in talks to finance Twitter deal

Exclusive: Apollo, Sixth Street no longer in talks to finance Twitter deal

NEW YORK, Oct 5 (Reuters) – Apollo Global Management Inc (APO.N) and Sixth Street Partners, which had been looking to provide financing for Elon Musk’s proposed $44 billion buyout of Twitter Inc (TWTR.N), are no longer in talks with the billionaire entrepreneur, said two sources familiar with the matter. Apollo had been in talks to … Read more

Banks financing Musk’s Twitter deal face hefty losses

Banks financing Musk’s Twitter deal face hefty losses

Oct 5 (Reuters) – Elon Musk’s U-turn on buying Twitter Inc (TWTR.N) could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant losses. As in any large acquisition, banks would look to sell the debt to get it off … Read more

Targetting government, UK’s Labour pledges sound finances and strong public services

Targetting government, UK’s Labour pledges sound finances and strong public services

Register now for FREE unlimited access to Reuters.com Register LIVERPOOL, England, Sept 26 (Reuters) – Britain’s opposition Labour Party set out its economic vision on Monday, promising, if in power, to be fiscally responsible and take care of public services, in a swipe at the Conservative government’s tax cuts for the wealthy. At their annual … Read more