Updated

Oil settles up, notches weekly gain on tight supply, Middle East conflict

• Business

Oil settles up, notches weekly gain on tight supply, Middle East conflict

Market Spectator February 9, 2024

By Laura Sanicola (Reuters) -Oil prices settled higher on Friday, up about 6% on a week-on-week basis,...

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Exclusive-Renault, Geely expect to finalise engines tie-up this month – sources

• Business

Exclusive-Renault, Geely expect to finalise engines tie-up this month – sources

Market Spectator February 9, 2024

By Gilles Guillaume PARIS (Reuters) -French carmaker Renault and Chinese rival Geely expect to finalise a joint...

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Moderna, Bayer-backed Metagenomi stock drops 32% on Nasdaq debut

• Economy

Moderna, Bayer-backed Metagenomi stock drops 32% on Nasdaq debut

Market Spectator February 9, 2024

(Reuters) – Shares of Metagenomi Technologies, a genetic medicines company backed by Bayer Healthcare and Moderna, slumped...

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Pinterest’s weak forecast signals intense competition for ad dollars

• Business

Pinterest’s weak forecast signals intense competition for ad dollars

Market Spectator February 8, 2024

By Jaspreet Singh (Reuters) – Pinterest forecast first-quarter revenue largely below Wall Street estimates on Thursday, a...

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Exclusive-Trump’s media deal partner nears $50 million financing -sources

• Business

Exclusive-Trump’s media deal partner nears $50 million financing -sources

Market Spectator February 8, 2024

By Anirban Sen (Reuters) – Digital World Acquisition Corp, the blank-check acquisition company that has agreed to...

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NYCB gets third credit downgrade as CRE exposure worries spill to Europe

• Business

NYCB gets third credit downgrade as CRE exposure worries spill to Europe

Market Spectator February 8, 2024

By Manya Saini and Niket Nishant (Reuters) -Embattled New York Community Bancorp faced its third credit-rating cut...

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S&P 500 closes at record as yields rise, dollar retreats

• Business

S&P 500 closes at record as yields rise, dollar retreats

Market Spectator February 7, 2024

By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) -Global equities climbed to a more than two-year...

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Fed policymakers signal no rush to cut US interest rates

• Business

Fed policymakers signal no rush to cut US interest rates

Market Spectator February 7, 2024

By Lindsay Dunsmuir and Michael S. Derby (Reuters) – U.S. central bankers want to hold off on...

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Oil climbs on US fuel stocks draw, geopolitical tensions

• Business

Oil climbs on US fuel stocks draw, geopolitical tensions

Market Spectator February 7, 2024

By Georgina McCartney HOUSTON (Reuters) -Oil prices rose for a third consecutive day on Wednesday, boosted by...

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Novartis to acquire cancer-focused MorphoSys for $2.9 billion

• Business

Novartis to acquire cancer-focused MorphoSys for $2.9 billion

Market Spectator February 6, 2024

(Reuters) -Drugmaker Novartis AG said it will acquire MorphoSys AG, a developer of cancer treatments, for 2.7...

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