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Morning Bid: Tech fright calms but Fed pressure grows

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets U.S. tech stocks seem to have found a level following two days of sharp pullbacks, but the Treasury market was unnerved by ...
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Wall St futures slip ahead of Walmart’s results, Fed meet

(Reuters) -U.S. stock index futures slipped on Thursday, as investors stepped to the sidelines and awaited an earnings report from big-box retailer Walmart and clues on the Federal Reserve’s next policy move from a three-day conference in Jackson Hole. A sharp decline in technology ...
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Shanghai stock benchmark closes at decade high as fintech, stablecoin shares surge

SHANGHAI (Reuters) -Mainland China stocks advanced on Thursday, with the Shanghai benchmark closing at a decade high level, driven by hefty gains in fintech and stablecoin-concept shares after a Reuters report signalled a major shift in Beijing’s stance on digital assets. ** At the close, ...
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Analysis-Target’s new CEO pick raises doubts about its much-needed brand reboot

By Siddharth Cavale, Juveria Tabassum and Sayantani Ghosh (Reuters) -Target needs a hard reset on strategy, Wall Street believes. And new CEO Michael Fiddelke may not be the person to do it. The retailer has missed the performance mark for many quarters, with sales flagging after ...
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China is expanding into digital currencies, hoping to promote use of its ‘people’s money’

BANGKOK (AP) — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world’s second-largest economy and challenge the overwhelming sway of the U.S. dollar in international trade and finance. ...
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J&J to invest $2 billion to boost US manufacturing as drug tariffs loom

(Reuters) -Johnson & Johnson said on Thursday it would invest $2 billion in North Carolina as it aims to expand its U.S. manufacturing presence amid looming drug import duties proposed by President Donald Trump’s administration. Major drugmakers, including Eli Lilly and AstraZeneca, have also committed ...
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Battling unregulated vapes, Big Tobacco tries a new strategy: joining in

By Emma Rumney LONDON (Reuters) -British American Tobacco for years fought the sale of unauthorised, disposable vapes in the U.S. – the world’s largest market for smoking alternatives – lobbying lawmakers and arguing aggressively in court that they were illegal. But with rivals eschewing government ...
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India sees Asia’s biggest earnings downgrades as US tariffs loom

By Patturaja Murugaboopathy and Jaspreet Kalra (Reuters) -Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S. tariffs heighten risks to growth even if proposed domestic tax cuts help cushion the impact. According to LSEG IBES ...
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This Ukrainian startup makes drones — and soon, cruise missiles — to strike deep inside Russia

When a Ukrainian-made drone attacked an ammunition depot in Russia last September, it showcased Kyiv’s determination to strike deep behind enemy lines and the prowess of its defense industry. The moment was especially gratifying for the woman in charge of manufacturing the drones that flew ...
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Morning Bid: Jackson Hole to open under Trump’s shadow

A look at the day ahead in European and global markets from Kevin Buckland The Federal Reserve has the full attention of global markets, not least because the U.S. central bank’s highly anticipated Jackson Hole symposium kicks off later today. Central bankers from around the world ...
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Dollar drifts, Asian stocks mixed as markets brace for Jackson Hole

By Kevin Buckland TOKYO (Reuters) -The U.S. dollar hovered below a one-week high on Thursday and Asian stock markets were broadly mixed as investors braced for three days of potentially market-moving news from the Federal Reserve’s annual symposium in Jackson Hole. Central bankers from around the ...
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Dollar drifts as investors ponder Fed independence ahead of Powell speech

By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar drifted on Thursday as investors fretted about the Federal Reserve’s independence after yet another attack from President Donald Trump ahead of remarks from Chair Jerome Powell later this week that could influence the outlook for rates. Trump called ...
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