-- U.S. stock index futures rose slightly in evening deals on Thursday, extending gains after expectations of interest rate cuts by the Federal Reserve saw Wall Street notch two sessions of record highs. Optimism over growing demand for artificial intelligence also kept heavyweight technology stocks buoyant, after market darling NVIDIA Corporation (NASDAQ:NVDA) unveiled its latest...
The monetary policy announcement from the Bank of England and flash Purchasing Managers\' survey results from the major euro area economies are the top economic news due on Thursday. At 3.00 am ET, the Office for National Statistics releases UK public sector finance data. In the meantime, the European Automobile Manufacturers\' Association publishes Europe\'s new...
By Siddharth Cavale and Jessica DiNapoli NEW YORK (Reuters) -The U.S. Federal Trade Commission recommended Thursday that policymakers look further into profits at grocery store operators that remain elevated since the pandemic and promotions that consumer products makers offer retailers. The FTC also is suing to block Kroger (NYSE:KR)\'s acquisition of smaller grocery store rival...
(Reuters) - Luggage maker Samsonite International said on Friday that it planned to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and to reach investors in more markets. Samsonite did not provide details of the stock exchanges being considered for the...
European stocks look set to open on a buoyant note Thursday as investors react to dovish Fed remarks and look ahead to the Bank of England policy meeting. The dollar tumbled from two-week highs, bond yields dipped, and gold rallied to a fresh record above $2200 as dovish Fed commentary bolstered expectations of a June...
(Reuters) - Meta Platforms (NASDAQ:META)\'s Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. More than 5,000 users reported issues with accessing the photo-sharing platform in the United States at the peak of the outage, Downdetector\'s data showed. Downdetector tracks outages by collating status reports from several sources, including...
The Swiss National Bank made a surprise interest rate cut on Thursday and became the first major central bank to ease the policy in the current cycle as the fight against inflation over the last two and a half years has been effective. The SNB unexpectedly lowered the policy rate by 25 basis points to...
Southern States Bancshares, Inc. (SSBK), the holding company for Southern States Bank, an Alabama state-chartered commercial bank, announced Thursday the retirement of Chief Operating Officer Jack Swift, effective May 31, 2024. Swift\'s retirement culminates 18 years of service at Southern States, during which he served five years as Senior Executive Vice President and COO. Swift...
By Jonathan Stempel (Reuters) -A divided U.S. appeals court said Meta Platforms must face a class action by advertisers that accused the Facebook and Instagram owner of overcharging them by fraudulently inflating the number of people their ads might reach. In a 2-1 decision on Thursday, the 9th U.S. Circuit Court of Appeals in San...
The Swiss franc dropped against its major counterparts in the European session on Thursday, after the Swiss National Bank lowered its policy rate by a quarter-point, as policymakers expect inflation to remain within the target range for the next few years. The SNB unexpectedly lowered the policy rate by 25 basis points to 1.5 percent....