Wall Street set for bounceback but recession risk keeps investors cautious

Wall Street set for bounceback but recession risk keeps investors cautious

LONDON, June 21 (Reuters) – Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, … Read more

Stocks stage small bounce as investors weigh cenbanks’ next moves

Stocks stage small bounce as investors weigh cenbanks' next moves

LONDON, June 20 (Reuters) – Stock markets chalked up modest gains on Monday after last week’s hefty losses as investors braced for a host of US Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required. Trading was thinned by a US holiday. The euro was little … Read more

Ferrari says going electric means ‘even more unique’ cars

Ferrari says going electric means 'even more unique' cars

Plans to launch 15 new models between 2023-2026 Fully-electric cars to make up 40% of sales in 2030 Expects to invest 4.4 bln euros by 2026 Sees EBITDA of 2.5-2.7 bln euros by 2026 MARANELLO, Italy, June 16 (Reuters) – Electric and hybrid models should make up 80% of Ferrari’s (RACE.MI) sales by 2030, the … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, US yields off decade top China economic data slightly beat forecasts, still weak LONDON/SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European Central Bank … Read more

Stock markets jolted by Musk’s economy and jobs warning

Stock markets jolted by Musk's economy and jobs warning

LONDON, June 3 (Reuters) – Wall Street was tipped for a weaker open on Friday, bucking share price gains in Europe and Asia after warnings on the economic outlook from Tesla Chief Executive Elon Musk who outlined plans to lay off 10% of his staff . Markets are on edge ahead of crucial monthly jobs … Read more

German officials raid Deutsche Bank’s DWS over ‘greenwashing’ claims

German officials raid Deutsche Bank's DWS over 'greenwashing' claims

BERLIN, May 31 (Reuters) – German prosecutors raided asset manager DWS (DWSG.DE) and the headquarters of its majority owner Deutsche Bank (DBKGn.DE) on Tuesday over allegations of misleading investors about “green” investments, the prosecutors said. DWS and Deutsche Bank said the asset manager had cooperated with regulators and authorities in the past and would continue … Read more

Crew members on Cary Fukunaga projects address accusations

Crew members on Cary Fukunaga projects address accusations

Cary FukunagaPhoto: Jeff Spicer/Getty Images for EON Productions, Metro-Goldwyn-Mayer Studios, and Universal Pictures Earlier this monthmultiple women accused No Time To Die director Cary Fukunaga of “grooming” young women, with one of them saying that there are “plenty of people” who work closely with him and “know that he’s a predator” and that “they all … Read more

Cleveland’s Rajon Rondo accused of domestic abuse

Cleveland's Rajon Rondo accused of domestic abuse

Rajon RondoPhoto: Getty Images Society has a long history of normalizing domestic violence, especially when an athlete is involved. In the midst of one of its highest-viewed postseasons in a decadethe NBA just got something else added to its plate besides bad officiating and health and safety protocols. Veteran NBA point guard Rajon Rondo has … Read more