By Meredith Whittaker Business Nov 26, 2024 7:05 AM The Beginning of the End of Big Tech From politicians to VC firms, everyone is falling out of love with the massive, money-oriented, global technology titans. In their place, we have the chance to build something open and trustworthy. Illustration: Carmen Casado If you buy something…
Investing.com — Bank of America analysts said they are comfortable tactically fading the recent rally in the U.S. dollar this week, citing multiple reversal signals and market dynamics. The bank’s FX Quant Insight report highlights factors such as lower U.S. Treasury yields, reduced USD demand, and a holiday-shortened trading week in the U.S. “We are comfortable…
Investing.com — The Biden administration has proposed a new rule requiring Medicare and Medicaid to cover weight loss medications for patients treating obesity. Announced on Tuesday, the measure would significantly expand access to drugs like Wegovy, Ozempic, and Mounjaro. Shares of developers of these drugs, Eli Lilly (NYSE:LLY) and Novo Nordisk (NYSE:NVO), rose 1.5% and…
By Andy Bruce (Reuters) – Several British police forces have largely withdrawn from Elon Musk’s X social media platform as concerns over its role in promoting violence and extreme content persist, a Reuters survey of forces’ social media output showed. X, formerly Twitter, was used to spread misinformation that sparked riots across Britain this summer,…
HONG KONG (Reuters) -Tencent Nintendo Switch (NYSE:SWCH) said on Tuesday that the Chinese eShop and other online services for the Nintendo Switch will gradually cease operations starting in 2026. According to the statement, the Chinese eShop will stop selling or offering paid and free games and software on March 31, 2026. From May 15, 2026,…
By Dhwani Pandya, Sethuraman N R and Aditya Kalra NEW DELHI (Reuters) – Betting big on the clean energy goals of Indian Prime Minister Narendra Modi, billionaire Gautam Adani found backers in France’s TotalEnergies (EPA:TTEF) and the Qatar Investment Authority as he set out to build the world’s biggest renewable energy project. The crown jewel…
LISBON/HELSINKI (Reuters) – Euro zone interest rates will keep falling as inflation is largely defeated and weak economic growth, potentially exacerbated by U.S. trade tariffs, may be the next big issue on the horizon, European Central Bank policymakers said on Tuesday. The ECB has cut interest rates three times already this year and investors expect…
LONDON (Reuters) – A closely watched gauge of long-term euro zone inflation expectations fell below 2% for the first time since July 2022 on Tuesday, a sign investors think faltering growth means inflation could undershoot the European Central Bank’s target rate. The five-year-five-year forward inflation swap fell to 1.9994%, LSEG data showed, a relatively sharp…
By Nupur Anand NEW YORK (Reuters) – Wells Fargo (NYSE:WFC) is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing problems from its fake accounts scandal, according to three sources familiar with the situation. The punishment could be removed as early as…
Investing.com — Shares of Enagás (BME:ENAG) inched up on Tuesday following an upgrade from JPMorgan, which raised the stock’s rating to “neutral” from “underweight”. This revision comes as analysts believe that much of the uncertainty clouding the company’s prospects is now adequately reflected in its valuation. The brokerage’s end-2026 price target for Enagás has been…
