Feb 16, 2024
Wall Street slides as hot producer price data crimps rate cut bets

By Carolina Mandl, Amruta Khandekar and Ankika Biswas (Reuters) -U.S. stocks fell on Friday with the Nasdaq showing the largest decline after a hotter-than-expected producer prices report eroded hopes for imminent interest rate cuts by the Federal Reserve. A Labor…

Feb 16, 2024
Yields, dollar rise after stronger-than-expected US PPI data

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. Treasury yields rose and the dollar edged up against the yen on Friday after data showed U.S. producer prices increased more than expected in January, adding to the view that any interest rate…

Feb 16, 2024
Manchin announces he won’t run for president

By Jarrett Renshaw (Reuters) - U.S. Senator Joe Manchin, a centrist Democrat from West Virginia, announced on Friday that he will not run for president after months of flirting with a campaign that threatened to complicate the 2024 presidential race.…

Feb 16, 2024
Goldman Sachs CEO Solomon gets 24% pay bump to $31 million

By Lananh Nguyen (Reuters) -Goldman Sachs CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said in a filing on Friday. Solomon's pay comprises a $2 million base salary,…

Feb 16, 2024
Nikki Haley blasts Trump for relationship with Putin after Navalny’s death

By Gram Slattery WASHINGTON (Reuters) -Republican presidential contender Nikki Haley slammed Donald Trump on Friday for maintaining an amiable relationship with Vladimir Putin, after Russian officials said opposition leader Alexei Navalny died in a prison colony on Friday. "Donald Trump…

Feb 16, 2024
Applied Materials hits record high on strong forecast from AI boost

(Reuters) -Applied Materials shares jumped 8% to hit an all-time high on Friday after the semiconductor equipment supplier forecast a better-than-expected second quarter on strong demand from customers looking to make AI-enabled chips. The outlook was also supported by improvement…

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