UBS Global Research now expects the Federal Reserve to start cutting interest rates from June, a month later that its previous prediction and in line with other brokerages’ forecasts, it said on Thursday, after the central bank broadly stuck to its monetary policy trajectory.
Apple CEO Tim Cook opened Apple’s new store in Shanghai drawing a large crowd on Thursday, with some people queuing overnight, according to posts on Chinese social media.
ETFS Capital asked shareholders of WisdomTree to abstain from re-electing some board members of the U.S. asset manager, saying its stock could surge at least 70% if it were run better, according to a letter seen by Reuters.
Colombian President Gustavo Petro’s track record of unpredictable policy lurches has contributed to a sharp drop in investment that is expected to continue this year, as some business owners complain strategic planning has become almost impossible.
IT services provider Accenture cut its fiscal-year 2024 revenue forecast on Thursday, as an uncertain economy prompts clients to cut spending on its consulting services.
Brazil is expected to post its third annual increase in coffee production this year, a rare sequence seen only seven times in 144 years of coffee history in the world’s largest grower and exporter of the beans, according to data compiled by Reuters.
Most major brokerages stuck by their expectations that the Federal Reserve will start lowering interest rates from June after the U.S. central bank left interest rates unchanged at its March 19-20 meeting and maintained its projection of three cuts this year.
Social media platform Reddit geared up for its high-profile market debut on the New York Stock Exchange on Thursday, setting the stage for other companies looking to go public this year, while testing investor appetite for new issues.
Big-box retailer Target is doubling the bonuses for its salaried employees this year, Bloomberg News reported on Thursday, citing people familiar with the matter.
