By Brad Brooks (Reuters) -California Republicans filed on Monday their second legal challenge against Governor Gavin Newsom’s redistricting plan, which aims to give Democrats five more Congressional seats amid a nationwide scramble for advantage in 2026 elections. The lawsuit filed by Republican lawmakers argues that the redistricting plan goes against the California constitution and requirements…
By Jaspreet Singh (Reuters) -LinkedIn is expanding its video advertising program, adding new publishers and creator-led shows to draw marketing dollars. The Microsoft-owned platform for professionals said on Monday that AT&T Business, IBM, SAP and ServiceNow will sponsor the debut season of four video programs as part of an expansion of its BrandLink program. Launched…
How Investors Are Positioning for the Multi-Trillion Dollar Clean Infrastructure Boom Why the Energy Transition Is the Defining Investment Opportunity of the Decade The global economy is undergoing a historic shift driven by climate commitments, technological advancement, and infrastructure overhaul. As the world moves toward net-zero emissions targets, public and private capital is flowing into…
Market Briefing As we head into the back half of May, traders are juggling a mix of macro catalysts and sector-specific stories. CPI data gave some signs of cooling, but the market remains uncertain about the Fed’s next steps. Tech is showing resilience, energy is holding ground, and retail earnings are delivering mixed signals. This…
By Carolina Mandl NEW YORK (Reuters) -Global hedge funds reaped limited gains from a big Wall Street stock rally triggered by a U.S.-China agreement on tariffs on Monday, a Morgan Stanley note on Tuesday showed. Hedge funds rose 0.60% on average on Monday, underperforming the S&P 500 index, which advanced 3.23% and closed at its…
Market Briefing As we begin a critical stretch in the second full week of May, traders are navigating a landscape shaped by mixed economic signals and renewed volatility. Inflation remains sticky, with the spotlight firmly on Wednesday’s CPI release. Earnings season is winding down but still delivering market-moving moments, especially in retail and tech. Meanwhile,…
By Niket Nishant (Reuters) -Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding regulatory issues that have kept the bank under an asset cap of $1.95 trillion. The Consumer Financial Protection Bureau, the top U.S. consumer watchdog, has lifted a 2018 consent order related to the lender’s compliance risk…
By Aatreyee Dasgupta (Reuters) -Sabre Corp said on Monday it will sell its hospitality software platform to asset manager TPG for $1.1 billion and use the cash to pare its debt, lifting the travel technology provider’s shares nearly 26% in early trading. The stock is now up 13.5%. The company had a market capitalization of…
By Gwladys Fouche OSLO (Reuters) -The world economy appears to be fragmenting, posing the biggest risk to markets currently as it brings low growth and higher inflation, the CEO of Norway’s $1.8 trillion sovereign wealth fund told Reuters. The fund, which invests the Norwegian state’s revenues from oil and gas production, is the largest of…
(Reuters) – Barclays lowered its Brent crude forecast on Monday by $4 to $70 a barrel for 2025 and set its 2026 estimate at $62/b, citing “a rocky road ahead for fundamentals” amid escalating trade tensions and OPEC+’s pivot in its production strategy. Despite oil market fundamentals evolving “significantly better than expected” in early 2025,…
