Robust equities erode gold’s safe-haven allure as ETF holdings fall
(Reuters) – Receding fears of a U.S. slowdown, surging bond yields and the robust performance of equities have gradually eroded…
Exclusive-India cenbank nudges banks to settle UAE trades in rupee, dirham -sources
(Reuters) – India’s central bank is nudging local banks to ask their clients to settle trade between the United Arab…
China state banks seen mopping up offshore yuan to stem currency weakness
(Reuters) -China’s major state-owned banks were seen actively mopping up the offshore yuan on Monday, three people with knowledge of…
Jefferies now sees value in previously ‘underappreciated’ Acushnet
Jefferies upgraded Acushnet Holdings Corp (NYSE:GOLF) to Buy from Hold, raising its price target for the stock to $84 from…
NHTSA probes 2022 Ford Mach-E recall as problems persist
The National Highway Traffic Safety Administration (NHTSA) revealed Monday that the safety regulator has opened an investigation into whether a…
Wells Fargo defeats shareholder lawsuit over fake job interviews
(Reuters) – Wells Fargo (NYSE:WFC) won the dismissal of a lawsuit accusing the fourth-largest U.S. bank of defrauding shareholders by…
Palo Alto, Tesla, Nvidia rise premarket; Napco, Nikola fall
U.S. futures traded higher Monday, starting a new week on a positive note as investors await news from Federal Reserve…
Pet-food maker Freshpet appoints activist investor’s director nominee to board
(Reuters) – Pet food company Freshpet (NASDAQ:FRPT) Inc said on Monday it has reached an agreement with Jana Partners and…
Micron says federal support necessary for Idaho, New York projects
(Reuters) – Micron Technology (NASDAQ:MU) said on Monday federal funding and investment tax credits would be necessary to develop its…
China surprises with modest rate cut amid growing yuan risks
(Reuters) -China cut its one-year benchmark lending rate on Monday as authorities seek to ramp up efforts to stimulate credit…