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Gold Holds Decline as US Jobs Data Fan December Rate Hike Bets
Financial Markets

Gold Holds Decline as US Jobs Data Fan December Rate Hike Bets

Gold held a late-week retreat after strong US jobs data reinforced expectations the Federal Reserve will seek to raise interest rates to combat inflation. Bullion was trading around $4,070 an ounce,

GFM News• 1 days ago
Meta's Bond Sale Shows New Reality for Tech Debt
Financial Markets

Meta's Bond Sale Shows New Reality for Tech Debt

Selling billions of dollars of corporate bonds on Election Day seemed like a real gamble. But to Meta Platforms Inc., waiting seemed like an even bigger one. The Facebook parent aimed to sell $25 bi

GFM News• 2 days ago
Berkshire Hathaway's Quarterly Profit Falls After Investment Gains Shrink
Financial Markets

Berkshire Hathaway's Quarterly Profit Falls After Investment Gains Shrink

The conglomerate bought back more of its own shares during the period Berkshire Hathaway BRK.B -0.25%decrease; down pointing triangle posted a 28% decline in quarterly net income after investment gai

GFM News• 2 days ago
The Shadowy Crypto Services Helping the Binance Hackers Launder Stolen Billions
Financial Markets

The Shadowy Crypto Services Helping the Binance Hackers Launder Stolen Billions

Some crypto developers say they can't stop North Korean hackers from laundering stolen funds through their platforms, frustrating law enforcement When hackers pulled off the biggest cyberheist in his

GFM News• 2 days ago
Nasdaq rebounds but posts fourth straight weekly decline
Financial Markets

Nasdaq rebounds but posts fourth straight weekly decline

This transcript was produced with AI technology that converts speech to text. The text is not always reviewed or edited by Reuters journalists and some errors may occur. Tech stocks bounced back a da

GFM News• 3 days ago
IMF's Georgieva says any slowdown in AI-driven growth would be factor for central banks
Financial Markets

IMF's Georgieva says any slowdown in AI-driven growth would be factor for central banks

WASHINGTON, Nov 6 (Reuters) - Central bankers around the world would need to consider any slowdown in AI-driven growth as they assess steps in their fight against inflation, International Monetary Fun

GFM News• 3 days ago
MSCI says it needs to see South Korea's regulatory changes put into practice for market upgrade
Financial Markets

MSCI says it needs to see South Korea's regulatory changes put into practice for market upgrade

SEOUL, Nov 6 (Reuters) - MSCI Chairman and CEO Henry Fernandez said on Friday that the index provider needed to see South Korea's regulatory changes for an upgrade to developed-market status put into

GFM News• 4 days ago
SoftBank credit risk jumps to 4-year high as AI fears roil market
Financial Markets

SoftBank credit risk jumps to 4-year high as AI fears roil market

SINGAPORE/TOKYO, Nov 6 (Reuters) - The cost of insuring against a default for tech investor SoftBank Group (9984.T), opens new tab jumped to its highest in four years on Friday as worries about AI pro

GFM News• 4 days ago
Gold eases on inflation worries from higher oil; US payrolls data in focus
Financial Markets

Gold eases on inflation worries from higher oil; US payrolls data in focus

Nov 6 (Reuters) - Gold prices eased on Friday as a rebound in oil prices fanned inflation worries and bolstered higher-for-longer interest rate expectations, though bullion remained on track for a wee

GFM News• 4 days ago
RMD | ResMed Inc. Stock Overview (U.S.: NYSE) | Barron's
Financial Markets

RMD | ResMed Inc. Stock Overview (U.S.: NYSE) | Barron's

Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock

GFM News• 5 days ago
Treasuries Gain as US Vote Fuels Hopes for Curbing Bond Supply
Financial Markets

Treasuries Gain as US Vote Fuels Hopes for Curbing Bond Supply

Treasuries headed for a second day of gains, after a Democratic sweep in the midterms fueled expectations that the Trump's administration's tax and spending plans may be contained. Yields on every te

GFM News• 5 days ago
Indian Bonds, Rupee Rally as Sliding Oil Eases Inflation Risks
Financial Markets

Indian Bonds, Rupee Rally as Sliding Oil Eases Inflation Risks

Indian bonds and the rupee gained as a plunge in crude prices eased inflation risks and the strain on external finances for the oil-importing nation. Benchmark 10-year yields fell eight basis points

GFM News• 5 days ago
DBS Profit Misses Estimates on Trading Income, Names Lim Chair
Financial Markets

DBS Profit Misses Estimates on Trading Income, Names Lim Chair

DBS Group Holdings Ltd. posted quarterly earnings that missed analyst estimates, as a tumble in markets trading income dampened gains from lending and wealth. The bank also announced a new chairman.

GFM News• 5 days ago
Asian Stocks to Rise as Oil Slides After US Vote: Markets Wrap
Financial Markets

Asian Stocks to Rise as Oil Slides After US Vote: Markets Wrap

Asian stocks were poised to follow Wall Street higher after a Democratic sweep in the US midterm elections sent oil plunging on hopes the monthslong conflict with Iran may end sooner. Equity-index fu

GFM News• 5 days ago
MercadoLibre Shares Drop As Investments Weigh on Profit
Financial Markets

MercadoLibre Shares Drop As Investments Weigh on Profit

MercadoLibre Inc. shares slid after the company posted third quarter earnings that missed profit estimates as investors weigh whether the company's heavy investments translate into stronger profitabil

GFM News• 5 days ago
A Divided Government Could Backfire for Wall Street
Financial Markets

A Divided Government Could Backfire for Wall Street

Midterms are expected to result in Democratic wins that would mean a divided government as Trump finishes out his presidency. The conventional wisdom on Wall Street is that a divided government is a g

GFM News• 6 days ago
The $6.3 Billion Binance Hack Exposes Crypto's Biggest Internal Control Problem
Financial Markets

The $6.3 Billion Binance Hack Exposes Crypto's Biggest Internal Control Problem

The cryptocurrency industry has spent years promoting blockchain technology as more transparent, more secure, and less dependent on traditional financial intermediaries. The October 29 hack of Binance

GFM News• 6 days ago
After Tech Sell-Off, Investors Brace for More Market Volatility
Financial Markets

After Tech Sell-Off, Investors Brace for More Market Volatility

Following last week's steep sell-off of technology stocks, investors are bracing for further market turbulence at the start of this week, as they await several marquee corporate earnings reports and t

GFM News• 8 days ago
San Diego to Leave Muni Bond Group After SEC Oversight Concerns
Financial Markets

San Diego to Leave Muni Bond Group After SEC Oversight Concerns

The city of San Diego said it plans to withdraw from a group that helps issue and manage billions of dollars in municipal bonds after federal regulators raised concerns about the organization's oversi

GFM News• 17 days ago