DAVID GREGORIO
Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns
The head of Israel's Mossad has returned from Doha after an initial meeting with mediators trying to reach a Gaza ceasefire and hostage release deal, and negotiations will resume next week, Prime Minister Benjamin Netanyahu's office said on Friday.
Wall St Week Ahead: Earnings season to test hopes for broader stocks rally
The S&P 500 has rallied 16% so far in 2024, driven by a handful of massive stocks poised to benefit from emerging artificial intelligence technology. Only 24% of stocks in the S&P 500 outperformed the index in the first half, the third-narrowest six-month period since 1986, according to BofA Global Research strategists.
Wall St Week Ahead-US small caps struggle as elevated interest rates take a toll
Small cap stocks surged at the end of 2023, as expectations grew that the Fed was done raising interest rates and would soon begin easing monetary policy. That would be a welcome change for smaller companies, which rely more heavily on debt financing and consumer spending.
US quarterly earnings to feature big growth in tech-related companies
Big technology-related company earnings are expected to again lead S&P 500 profit growth in the upcoming U.S. reporting period, which could refuel optimism for stocks after a weak start to April.
US equities subdued after strong week, investors assess Fed rate path
Last week, the Fed maintained its guidance for three interest-rate cuts this year, and the S&P 500 and Dow had strong gains while the Nasdaq notched its biggest weekly percentage gain since mid-January.
Will Prince Harry drag media baron Rupert Murdoch to court?
Harry and more than 40 others are suing News Group Newspapers (NGN) over accusations of unlawful invasions of privacy by its tabloids, the Sun and the now-defunct News of the World, from the mid-1990s until 2016.
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Institutional investors may help Bitcoin sustain new heights
Bitcoin's rally is driven by new U.S. spot bitcoin ETFs, expectations of U.S. interest rate cuts, and traditional institutions entering the market. Retail interest is indicated by Google searches and CME Micro Bitcoin futures. Supply dynamics and the upcoming Bitcoin halving impact prices.
Nasdaq notches first record high close since 2021
The Santa Clara, California-based company controls about 80% of the high-end AI chip market, with customers including ChatGPT creator OpenAI, Microsoft, Alphabet and Meta Platforms snapping up tight supplies of its components to compete in the fast-emerging generative AI sector.
Wall Street slides as hot producer price data crimps rate cut bets
The data could encourage the Fed to wait before cutting rates. Earlier this week, a hot consumer prices report sparked a selloff in equity markets although a slump in January retail sales on Thursday stoked hopes of rate cuts.
White House touts $11 billion US semiconductor R&D programme
Congress in August 2022 approved the landmark Chips and Science Act. The law provides $52.7 billion, including $39 billion in subsidies for semiconductor production and $11 billion research and development. It also creates a 25% investment tax credit for building chip plants, estimated to be worth $24 billion.
Pulitzer-winning authors join OpenAI, Microsoft copyright lawsuit
A group of 11 nonfiction authors have joined a lawsuit in Manhattan federal court that accuses OpenAI and Microsoft of misusing books the authors have written to train the models behind OpenAI's popular chatbot ChatGPT and other artificial-intelligence based software.
Drone strikes at Syrian military ceremony kill 67 people and wound 180, health official says
In an earlier statement, Syria's military said that drones laden with explosives targeted the ceremony packed with young officers and their families as it came to an end. They accused insurgents "backed by known international forces" of the attack, without naming any particular group.
US dollar share of global FX reserves stays flat in Q2: IMF
The euro's share edged up slightly to 19.9% in second quarter, from 19.8% the previous three months. Claims in euros grew 1% in the quarter, but increased 2% from a year earlier
Microsoft chief says deep fakes are biggest AI concern
Microsoft President Brad Smith said Thursday that his biggest concern around artificial intelligence was deep fakes, realistic looking but false content.
Ford stock has biggest daily drop since 2011 after inflation warning
The Fed is widely expected to hike rates by 75 basis points in its battle against decades-high inflation. Its aggressive monetary policy campaign has battered the U.S. stock market in recent weeks, with investors worried the Fed's measures could hobble the economy.
Britney Spears's father Jamie asks for investigation into abuse claims by singer
Attorneys for Jamie Spears said in the new filing that he had no intention of trying to reclaim the position of her conservator.
Crypto per carat: Pear-shaped diamond can be yours for bitcoin worth $15 mn
Bitcoin or ether, along with traditional money, will be accepted as payment.
COVID debt restructuring push not advanced enough, IMF chief cautions
Speaking on webcast, the IMF's managing director said some progress was being made in Chad, which along with Ethiopia and Zambia has become a test case for a global debt relief plan known as the "Common Framework", more was needed.
Soccer-Khedira confident Juve can end 21-year wait for European glory
SOCCER-CHAMPIONS-POR-JUV/KHEDIRA:Soccer-Khedira confident Juve can end 21-year wait for European glory
Khedira confident Juve can end 21-year wait for European glory
SOCCER-CHAMPIONS-POR-JUV-KHEDIRA:Khedira confident Juve can end 21-year wait for European glory
Reuters Sports News Summary
BC-SPORTS:Reuters Sports News Summary
Boxers Wilder, Povetkin face-off in court after cancelled fight
BOXING-LAWSUIT:Boxers Wilder, Povetkin face-off in court after cancelled fight
Boxers Wilder, Povetkin face-off in court after canceled fight
BOXING-LAWSUIT/ (PIX):Boxers Wilder, Povetkin face-off in court after canceled fight
UPDATE 1-U.S. lawsuit over lack of baseball netting for fans is dismissed
BASEBALL-LAWSUIT/NETTING (UPDATE 1):UPDATE 1-U.S. lawsuit over lack of baseball netting for fans is dismissed
UPDATE 4-Ex-Costa Rican soccer chief Li pleads guilty in U.S. bribery case
SOCCER-FIFA/COURT (UPDATE 4, PIX):UPDATE 4-Ex-Costa Rican soccer chief Li pleads guilty in U.S. bribery case
Eurosport's latest TV network looking to pilot drone racing
SPORT-DRONES/MEDIA (TV):Eurosport's latest TV network looking to pilot drone racing
Iceland's dentist coach off to the pub as usual before key qualifier
SOCCER-WORLDCUP-ICE:Iceland's dentist coach off to the pub as usual before key qualifier
Eurosport's latest TV network looking to pilot drone racing
SPORT-DRONES/MEDIA (TV):Eurosport's latest TV network looking to pilot drone racing
UPDATE 1-Most Americans disagree with Kaepernick, but respect his right to protest
NFL-ANTHEM/POLL (UPDATE 1, GRAPHIC):UPDATE 1-Most Americans disagree with Kaepernick, but respect his right to protest
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