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Citizens Bank sees resilient consumer finances and spending

By Saeed Azhar NEW YORK, Dec 3 (Reuters) - U.S. consumer finances remain broadly healthy, even though there are some signs of stress for borrowers with lower credit scores, Brendan Coughlin, president of Citizens Financial Group, said on Wednesday. "I don't see any macro signs of ...
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Lockheed Martin opens new hypersonic weapons facility

Dec 3 (Reuters) - Lockheed Martin said on Wednesday it has opened a hypersonics system integration lab at its Huntsville campus as it pushes to develop next-generation weapons. Hypersonic weapons, which can travel at more than five times the speed of sound and evade traditional ...
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Bessent: China is reaching ‘correct cadence’ to complete promised US soybean purchases

NEW YORK, Dec 3 (Reuters) - U.S. Treasury Secretary Bessent said he was very optimistic about the U.S. economy next year, given increased capital investments, but said interest rate cuts were needed given a weakening in certain sectors including housing. Bessent told the New York ...
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American Bitcoin steadies after share lock-up expiry sparks near 40% plunge

Dec 3 (Reuters) - Shares of American Bitcoin, a bitcoin miner backed by two of U.S. President Donald Trump's sons, steadied in premarket trading on Wednesday, a day after slumping nearly 40% following the expiry of a share lock-up. The stock rose 9% to $2.39 ...
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Brazil’s 2025 chicken exports to rise despite bird flu trade bans

By Ana Mano SAO PAULO, Dec 3 (Reuters) - Brazilian chicken exports are expected to rise up to 0.5% this year to 5.32 million metric tons, meat lobby ABPA said on Wednesday, after exporters avoided trade bans triggered by a bird flu outbreak in May, ...
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European Rearmament Bank seeks merger with JPMorgan-backed rival multilateral lender

By Maria Martinez and Iain Withers BERLIN/LONDON, Dec 3 - The European Rearmament Bank (ERB), an initiative to create a state-backed lender for European defence projects, has proposed merging with the Defence, Security and Resilience Bank (DSRB) to consolidate efforts and bolster their appeal to ...
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US import prices unexpectedly flat in September

WASHINGTON, Dec 3 (Reuters) - U.S. import prices were unexpectedly unchanged in September as high costs for consumer goods, excluding motor vehicles, were offset by cheaper energy products. The flat reading in import prices reported by the Labor Department's Bureau of Labor Statistics on Wednesday ...
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Macy’s posts surprise profit with overhaul under new CEO resonating with shoppers

NEW YORK (AP) - Macy's posted a surprise third-quarter profit and its strongest comparable sales in more than three years as an extensive overhaul of the 167-year-old New York department store begins to resonate with shoppers. After posting its back-to-back quarterly jumps in comparable ...
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SEC halts review of highly leveraged ETF plans, citing risk exposures

By Shashwat Chauhan Dec 3 (Reuters) - The U.S. securities market regulator has paused the review of proposals for new highly leveraged exchange-traded funds from several fund managers and sought more clarity on the risks tied to the products. In its warning letters sent to nine ...
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It’s time to unpack Spotify Wrapped. Here’s how the music streamer compiled your 2025 recap

NEW YORK (AP) - The end of 2025 is almost upon us. And it's time to unpack Spotify Wrapped. On Wednesday, the music streaming giant delivered its annual recap - giving its hundreds of millions of users worldwide a look at the top songs, artists, ...
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Wall St futures edge higher on rate cut hopes, data in focus

Dec 3 (Reuters) - U.S. stock index futures edged higher on Wednesday as investors priced in a high chance that the Federal Reserve will cut interest rates this month and awaited a fresh set of economic data. Wall Street rebounded on Tuesday from a wobbly ...
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Morning Bid: Just a blip for risk assets, more Fed pain for the dollar

By Yoruk Bahceli LONDON, Dec 3 (Reuters) - By Yoruk Bahceli, markets correspondent What matters in U.S. and global markets today Risk assets are showing further signs of recovery on Wednesday from a broad selloff that kicked off the month, but bonds are sitting on their losses ...
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