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Month: August 2024

Treasury yields hold firm in thin holiday trade, CPI awaited

Posted on August 12, 2024August 12, 2024 by Financial Edge Daily

NEW YORK (Reuters) – U.S. Treasury yields traded sideways early on Monday as the market awaited inflation data later in the week that should be pivotal for Federal Reserve policymakers to judge…

Starbucks, Elliott in talks over a settlement, CNBC reports

Posted on August 12, 2024August 12, 2024 by Financial Edge Daily

(Reuters) -Starbucks and activist investor Elliott Management are talking about a settlement, CNBC reported on Monday, citing sources. Elliott had built a sizable position in the coffee chain and has been discussing…

OPEC cuts oil demand growth forecast, highlighting dilemma over Oct hike

Posted on August 12, 2024August 12, 2024 by Financial Edge Daily

By Alex Lawler LONDON (Reuters) -OPEC on Monday cut its forecast for global oil demand growth in 2024 citing softer expectations for China, a reduction that highlights the dilemma faced by the…

Olympics-Soccer-Swanson strike hands US women gold with win over Brazil

Posted on August 11, 2024 by Financial Edge Daily

By Janina Nuno Rios PARIS (Reuters) -The United States claimed a record-extending fifth Olympic gold medal in women’s soccer after Mallory Swanson earned them a 1-0 win over Brazil in the final…

Israel orders more Gaza evacuations after school shelter attack kills scores

Posted on August 11, 2024 by Financial Edge Daily

By Nidal al-Mughrabi CAIRO (Reuters) – Israel expanded evacuation orders in Khan Younis in the southern Gaza Strip overnight, forcing tens of thousands of Palestinian residents and displaced families to leave in…

Landslide kills eight in Ugandan capital

Posted on August 11, 2024 by Financial Edge Daily

KAMPALA (Reuters) – A landslide at a landfill in Uganda’s capital Kampala has killed eight people, the city’s authorities said on Saturday. The incident happened late Friday after heavy rainfall when sections…

Harris says she would never interfere in Fed independence

Posted on August 11, 2024 by Financial Edge Daily

By Jeff Mason PHOENIX (Reuters) -U.S. Vice President Kamala Harris said on Saturday that she disagreed strongly with rival Donald Trump’s views on the Federal Reserve and pledged not to meddle with…

US FDA declines to approve first MDMA-based PTSD treatment

Posted on August 10, 2024 by Financial Edge Daily

By Sriparna Roy and Mariam Sunny (Reuters) -The U.S. FDA has declined to approve a therapy based on the mind-altering drug MDMA for patients with post-traumatic stress disorder, stating it could not…

Harris campaigns in Arizona, while Trump is in Montana

Posted on August 10, 2024 by Financial Edge Daily

By Jeff Mason and Trevor Hunnicutt PHOENIX (Reuters) – U.S. Vice President Kamala Harris was campaigning in Arizona on Friday, hoping her less-than-month-old bid for the White House can put Republican candidate…

Israel airstrike on Gaza school kills more than 100, Hamas-run media office says

Posted on August 10, 2024 by Financial Edge Daily

CAIRO (Reuters) -More than 100 Palestinians were killed and dozens wounded in an Israeli strike on a Gaza school sheltering displaced people, the Hamas-run Gaza government said on Saturday, an airstrike the…

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