Business

Puig dips, Estée Lauder surges after merger talks collapse

Friday, May 22 by SRN News

By Mireia Merino and Marta Serafinko May 22 (Reuters) - Puig's shares fell about 13% while Estée Lauder rose roughly 10% in U.S. premarket trading after the Spanish perfumer and the American cosmetics company announced the end of merger talks. Puig's shares were at the bottom... Read More.

Take Five: When does this end?

Friday, May 22 by SRN News

May 22 (Reuters) - World markets remain at the mercy of diplomacy as the Iran war approaches the end of its third month with no clear resolution in sight. A host of central banks meanwhile brace for their next moves and inflation data piles... Read More.

Wall St futures rise as markets monitor US-Iran peace talks

Friday, May 22 by SRN News

May 22 (Reuters) - U.S. stock index futures climbed on Friday as Treasury yields eased, lifting megacaps and chip stocks, though markets watched for signs of a breakthrough in discussions to end the Middle East war. Iran's foreign minister met the interior minister of... Read More.

StanChart CEO apologises for ‘upset caused’ by AI comments

Friday, May 22 by SRN News

LONDON, May 22 (Reuters) - Standard Chartered CEO Bill Winters apologised for the upset caused to staff by his remarks about artificial intelligence replacing "lower value" human workers, but stopped short of retracting the comments on Friday. Bank bosses in recent weeks have been more... Read More.

Citi to boost Asia wealth business with ‘significant’ hires, global head says

Friday, May 22 by SRN News

By Selena Li HONG KONG, May 22 (Reuters) - Citigroup plans to allocate a significant portion of its global wealth management hiring to Asia, where its private bank is growing faster and generating higher productivity than in other regions, the bank's global wealth head... Read More.

Morning Bid: Brittle bonds and AI boom face off

Friday, May 22 by SRN News

By Mike Dolan May 22 (Reuters) - Everything the ROI team are reading, watching and listening to over the weekend. From Mike Dolan, Editor-at-Large, Markets & Finance Hello Morning Bid readers! This week kicked off with a fresh surge in sovereign bond yields around the world as... Read More.

Soaring stocks could face rocky patch as earnings wind down, yields perk up

Friday, May 22 by SRN News

By Lewis Krauskopf NEW YORK, May 22 (Reuters) - High-flying U.S. equities could face turbulence in the final days of a blowout corporate earnings season as investors confront an increasingly tricky backdrop of spiking inflation and rising bond yields. The benchmark S&P 500 wobbled this week... Read More.

Level-setting the Warsh Fed, in Warsh’s own words

Friday, May 22 by SRN News

May 22 (Reuters) - Kevin Warsh has been a sharp critic of the Federal Reserve for the last 15 years, ever since leaving his job there as a governor in 2011. His own words serve as a baseline for what to look for as... Read More.

U.S. equity funds record outflows on caution over higher yields

Friday, May 22 by SRN News

May 22 (Reuters) - U.S. equity funds recorded a second weekly outflow in nine weeks in the week to May 20 as investors locked in profits from a recent rally on caution over rising inflation and a surge in long-term borrowing costs. According to LSEG... Read More.

Barclays keeps $100 Brent oil forecast for 2026 but risks skew higher

Friday, May 22 by SRN News

May 22 (Reuters) - Barclays is maintaining its 2026 average Brent crude oil price forecast at $100 a barrel though risks are skewing higher, the bank said in a note on Friday. In trading on Friday, Brent futures were at... Read More.

Current Weather

Puig dips, Estée Lauder surges after merger talks collapse

Take Five: When does this end?

Wall St futures rise as markets monitor US-Iran peace talks

StanChart CEO apologises for ‘upset caused’ by AI comments

Citi to boost Asia wealth business with ‘significant’ hires, global head says

Morning Bid: Brittle bonds and AI boom face off

Soaring stocks could face rocky patch as earnings wind down, yields perk up

Level-setting the Warsh Fed, in Warsh’s own words

U.S. equity funds record outflows on caution over higher yields

Barclays keeps $100 Brent oil forecast for 2026 but risks skew higher

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