Author: Reuters
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Analysis-Trump is on track to win in Iowa – but can he deliver a knockout punch?
By Nathan Layne and Tim Reid DES MOINES, Iowa (Reuters) – Donald Trump appears headed to victory in Iowa, but the size of the win matters if the former U.S. president wants to deliver a knockout blow to key rivals heading into Republican Party nominating contests in other states. With three days to go until…
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US FAA plans closer monitoring of 737 MAX 9 when it returns to flights
By David Shepardson WASHINGTON (Reuters) – The head of the Federal Aviation Administration told Reuters on Friday that the agency plans “closer monitoring” of the 737 MAX 9 after the plane returns to service following a mid-air cabin blowout. FAA Administrator Mike Whitaker said in a telephone interview it is “pretty clear” the Alaska Airlines…
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US bitcoin ETFs see $4.6B in volume in first day of trading
By Hannah Lang, Suzanne McGee and Manya Saini (Reuters) – U.S.-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the U.S. securities regulator on Wednesday. The products mark a watershed moment for the cryptocurrency…
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History shows strong 2023 could keep US stocks on path for 2024 gains
By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock market’s hefty gains in 2023 could provide a lift for equities next year, if history is any guide. The S&P 500 ended the year on Friday with an annual gain of just over 24%. The benchmark index also stood near its first record closing high in…
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Wall Street ends slightly lower, capping blockbuster year
By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed modestly lower on Friday, the last trading day of 2023, capping a robust year-end rally as investors eyed easier monetary policy in the year ahead. The stock market has seen remarkable upward momentum in the closing months of the year, powering all three major indexes to…
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Shares dip to cap stellar year; Treasuries end volatile 2023 flat
By Lawrence Delevingne and Alun John (Reuters) -Global shares pulled back on the last trading day of the year but notched their biggest annual rise since 2019, while U.S. Treasuries finished the year broadly where they started after major swings for the benchmark in 2023. Shares around the world have risen sharply in the last…
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US overnight funding rate hits record high amid year-end volatility
By Davide Barbuscia NEW YORK (Reuters) – A gauge measuring the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement (repo) market hit its highest level since it was launched about five years ago, New York Federal Reserve data released on Friday showed. The Secured Overnight Financing Rate (SOFR), a…
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Baby saved from Gaza rubble after mother killed in Israeli strike
By Arafat Barbakh GAZA (Reuters) – The rescuers in orange vests shouted as they reached a baby girl still alive in the rubble of an Israeli air strike on the Gaza Strip’s Rafah city after yet another night of bombardment of the Palestinian enclave. Baby Mariam Abu Akel’s skin was grey with dust and she…
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U.S. drivers hope for lower pump prices in 2024 as gasoline stocks climb
By Shariq Khan (Reuters) – American drivers can expect lower motor fuel costs for a second-straight year in 2024 as a jump in global refining capacity and a surplus in U.S. gasoline stocks drive down retail prices, according to analysts’ forecasts. The U.S. national average retail gasoline price could drop by 13 cents next year…
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Cash the big flow ‘winner’ of 2023 – BofA
LONDON (Reuters) – Global investors put a record $1.3 trillion into cash in 2023, according to a report from Bank of America and data provider EPFR on Friday. They also pumped a record $177 billion into U.S. Treasuries this year, though on a weekly basis the U.S. government bonds are in their third weekly outflow,…