The European Union should have money to help stabilise economies in a crisis, especially after the bloc’s post-pandemic recovery fund ends in 2026, European Economic…
U.S. Treasury’s Yellen says ready to retire ‘transitory’ to describe inflation
U.S. Treasury Secretary Janet Yellen told the Reuters Next conference Thursday that she is ready to retire the word “transitory” to describe the current state…
NFT craze breathes life into first ETF, investors seek to ‘connect and create’
A new exchange traded fund is trying to capture the burgeoning market for non-fungible tokens (NFTs) in one financial product.
OPEC+ Agrees to Proceed With January Oil-Production Hike
(Bloomberg) — OPEC and its allies agreed to proceed with their next scheduled oil-production hike, while signaling they could revisit the decision at any moment…
CIBC Misses Analysts’ Estimates as Expense Gains Accelerate
(Bloomberg) — Canadian Imperial Bank of Commerce is seeing costs rise as the lender ramps up spending to boost businesses in the U.S. and domestically.Most…
Apple Falls on iPhone Demand Report, Weighing on Suppliers
(Bloomberg) — Apple Inc. shares dropped after the iPhone maker was said to tell suppliers that demand for its flagship product has slowed, taking the…
EMERGING MARKETS-Brazil’s real bounces past weak GDP as Latam FX recovers
* Brazilian economy shrinks in Q3 * Brazilian stocks stocks up 1.7% * Mexican peso jumps 1% By Ambar Warrick Dec 2 (Reuters) – Latin…