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Fed’s Miran would back 25-bp rate cut if he were ‘marginal vote’ – BBG TV

(Reuters) -Federal Reserve Governor Stephen Miran on Friday said he would vote for a quarter-percentage-point interest rate cut at the December meeting if his vote meant the difference in securing a rate reduction, despite having dissented at both of his prior meetings in favor ...
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S&P 500, Nasdaq futures under pressure as tech selloff continues

(Reuters) -Futures tied to the Nasdaq and the S&P 500 fell on Friday, with most technology stocks, including Nvidia, remaining under pressure following a selloff in the previous session, as concerns over stretched valuations in the sector persisted. Nvidia shares dropped 2.8% in premarket trading ...
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Bitcoin bears dominate: odds of year-end price below $90,000 rise

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The likelihood of bitcoin ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging against more declines in the world's largest cryptocurrency. On the other hand, the options market has ...
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Analysis-Jitters over AI spending set to grow as US tech giants flood bond market ​

By Davide Barbuscia NEW YORK (Reuters) -Investors are growing uneasy that the rapid rise in public debt used to bankroll AI investments could strain the U.S. corporate bond market and eventually dampen the appeal of tech stocks, despite leverage across most major companies remaining low ...
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Red Cross to shed nearly 3,000 jobs, scale back budget amid donor fatigue

GENEVA (Reuters) -The International Committee of the Red Cross will reduce its 2026 budget by 17% to 1.8 billion Swiss francs ($2.23 billion)and cut 2,900 jobs, it said in a statement on Friday. Aid budgets are facing an unprecedented shortfall as donors shift their focus ...
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Global coffee prices plunge after Trump removes tariffs on Brazil

LONDON (Reuters) -Global coffee prices plunged on Friday after U.S. President Donald Trump removed 40% tariffs on imports of Brazilian agricultural products including coffee and cocoa in the face of growing angst from American consumers about high food costs. U.S. retail coffee prices rose an ...
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Morning Bid: The pAIn trade

By Anna Szymanski LONDON, November 21 (REUTERS) -Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor That Nvidia bump was rather short-lived. U.S. equities tumbled on ...
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EU can beat Trump’s tariffs with domestic trade, ECB’s Lagarde says

FRANKFURT (Reuters) -The European Union can offset the impact of U.S. trade tariffs if it knocks down some of its internal barriers, European Central Bank President Christine Lagarde said on Friday. Lagarde said the EU's export-oriented economic model has been upended by a protectionist turn ...
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European arms makers fall to lowest since September on Ukraine peace push

(Reuters) -European defence shares fell to their lowest levels since early September on Friday, after Ukrainian President Volodymyr Zelenskiy said he was ready for "honest" work on a U.S.-backed plan to end the war. An index of aerospace and defence companies was last down 2.6%. The ...
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Japan OKs $135 billion stimulus package to help revive its sluggish economy

TOKYO (AP) - Japan's Cabinet approved a 21.3 trillion yen ($135.4 billion) stimulus package Friday to help spur the economy through expansionary government spending and to relieve the impact of higher prices. After taking office last month, Prime Minister Sanae Takaichi promised to boost ...
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Ubisoft’s quarterly bookings beat guidance as Tencent deal helps cut debt

By Leo Marchandon (Reuters) -French video game group Ubisoft reported second-quarter net bookings that exceeded its guidance on Friday, and said the 1-billion-euro ($1.2 billion) investment from China's Tencent would enable it to reduce its debt pile. Quarterly bookings reached 490.8 million euros, up 39% from ...
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JP Morgan drops December rate-cut forecast on strong US jobs report

(Reuters) -J.P. Morgan mirrored Morgan Stanley in withdrawing its forecast for a 25-basis-point Federal Reserve rate cut in December following a stronger-than-expected US jobs report. In a note released late Thursday, the Wall Street brokerage said it still expects the next rate cuts to ...
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