By Lewis Krauskopf NEW YORK (Reuters) – The S&P 500 is poised for solid gains next year on strong earnings growth and a broadening of the stock market’s rally, strategists at Citigroup said on Friday. The bank’s “base case” calls for the benchmark S&P 500 to end 2024 at 5,100, an 11% gain from current […]

(Reuters) – More than 10 million people have signed up for X in December, X CEO Linda Yaccarino said in a post on the social media platform on Thursday. This comes as the company, formerly known as Twitter, risks losing as much $75 million in advertising revenue by the end of the year as major […]

By Deborah Mary Sophia (Reuters) -McDonald’s is planning to open about 10,000 restaurants globally by 2027, in what could be the fast-food giant’s fastest period of growth in its history, it said on Wednesday. The company also laid out plans to double sales from its loyalty program to $45 billion and increase the user base […]

(Reuters) -Elon Musk’s artificial intelligence startup xAI has filed with the U.S. securities regulator to raise up to $1 billion in an equity offering, according to a filing on Tuesday. The company has raised $134.7 million in equity financing from a total offering amount of $1 billion, the filing with the Securities and Exchange Commission […]

By Scott DiSavino NEW YORK (Reuters) – Oil prices fell to a near five-month low on Tuesday on a stronger U.S. dollar and demand concerns, putting the market down for a fourth day in a row on doubts over OPEC+ announced voluntary supply cuts last week. “The OPEC+ deal did little to support prices and […]

NICOSIA (Reuters) – Euro zone inflation will carry on declining in the months ahead but at a slower pace, Bundesbank President Joachim Nagel was quoted as telling Cypriot newspaper Kathimerini on Sunday. Euro zone inflation eased to 2.4% in November from 2.9% in October, well below expectations for a third straight month and fuelling market […]

By Lisa Baertlein and Arriana McLymore LOS ANGELES/NEW YORK (Reuters) – As holiday shoppers return items purchased during Black Friday and Cyber Monday online shopping sprees, more U.S. retailers could tell them to keep items that cost more to ship back than they are worth. This year, 59% retailers offer so-called “returnless” or “keep it” […]

By David Shepardson WASHINGTON (Reuters) -The United Auto Workers union said on Wednesday it is launching a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. after winning new contracts with the Detroit Three automakers. The Detroit-based UAW said workers at 13 nonunion automakers were announcing simultaneous campaigns across the country […]