By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Governor Christopher Waller said on Monday he was inclined toward a cut in the benchmark interest rate at the central bank’s Dec. 17-18 meeting as policy remained restrictive enough to keep putting downward pressure on inflation, while the labor market was roughly in balance, something the Fed wants […]
Nvidia among investors in $700 million capital raise by AI firm Nebius Group
By Alexander Marrow LONDON (Reuters) – AI infrastructure firm Nebius Group on Monday said it was raising $700 million in a private placement from investors including Nvidia, Accel and some accounts managed by Orbis Investments. Nebius, which emerged in July following a $5.4 billion deal to split the domestic and international assets of Russian internet […]
Big hedge funds score November gains with Trump election
By Carolina Mandl NEW YORK (Reuters) -Several multibillion-dollar hedge funds gained in November, numbers seen by Reuters show, riding the volatility of the U.S. presidential election despite tight polling that made positioning more difficult for portfolio managers. Following the election of Donald Trump on Nov. 5, U.S. stocks, the dollar and bitcoin rallied, while the […]
US announces Ukraine weapons package worth $725 million
By Patricia Zengerle (Reuters) – The United States will provide Ukraine with a $725 million weapons package, Secretary of State Antony Blinken said on Monday, as President Joe Biden’s outgoing administration seeks to bolster the government in Kyiv in its war with Russian invaders before leaving office in January. The assistance will include Stinger missiles, […]