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NEW YORK (Reuters) – Investors are watching quarterly filings on Wednesday to get a glimpse at how some of the world’s biggest money managers were positioned at the end of the second quarter, a period marked by a series of record highs in the S&P 500 that preceded a more recent bout of turmoil in U.S. stocks. Filed at the end of each quarter, the 13-F filings are one of the few ways to get … Read more…

By Harshita Mary Varghese (Reuters) – Shares of former U.S. President Donald Trump’s media company dipped and neared record lows on Wednesday, following weak quarterly results and the Republican presidential candidate’s return to social media platform X. Trump’s dwindling lead in polls and election betting markets in recent weeks has also hit the stock, which has been seen by some retail traders as a bet on whether Trump would win a second term. Trump majority … Read more…

By Mike Spector NEW YORK (Reuters) – Johnson & Johnson is preparing to unveil widespread support in coming days for a $6.48 billion offer to settle tens of thousands of legal actions alleging its Baby Powder and other talc products caused cancer, two people familiar with the matter said.  The healthcare giant plans as soon as Friday to disclose that 75% or more of claimants alleging J&J talc sickened them have voted in favor of … Read more…

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time in nearly 3-1/2 years, opening the door wider for the Federal Reserve to cut interest rates next month. The report from the Labor Department on Wednesday marked the third straight month of tame consumer price readings and added to a mild rise in producer prices last month in … Read more…

By David Milliken LONDON (Reuters) -British pay growth dropped to its lowest in nearly two years in the second quarter, likely reassuring the Bank of England that inflation pressures are easing, while the unemployment rate unexpectedly dropped, official figures showed on Tuesday. Average weekly earnings, excluding bonuses, were 5.4% higher than a year earlier in the three months to the end of June, down from 5.8% in the three months to May and the lowest … Read more…

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Panic appears to have faded following last week’s outbreak of volatility in U.S. stocks, but if history is any guide, markets might remain jittery for months. Wall Street’s most closely watched gauge of investor anxiety, the Cboe Volatility Index, has rapidly eased after closing at a four-year high last week and stocks came screaming back following the year’s worst tumble. The S&P 500 is up 3% from … Read more…

By Koh Gui Qing and Lawrence White NEW YORK/LONDON (Reuters) -Stocks jumped and bond yields fell on Tuesday after data showed U.S. producer prices increased less than expected in July, reinforcing market expectations that cooling inflation will allow the Federal Reserve to cut interest rates soon. The producer price index for final demand gained 0.1% last month after rising by an unrevised 0.2% in June, the Labor Department’s Bureau of Labor Statistics said on Tuesday. … Read more…

By Andrea Shalal WASHINGTON (Reuters) – The Democratic National Committee will spend over $100,000 in a first-ever push to register the 9 million Americans living abroad, working to win votes for the party’s nominee Vice President Kamala Harris in the Nov. 5 presidential election. The funding for Democrats Abroad, which represents Democrats living outside the United States, will be used to pay for voter registration drives and spread information about how to vote from overseas, … Read more…

By Aaditya GovindRao (Reuters) – Australian financial stocks are ruling the roost on the traditionally miners-led local main index, fueled by growing interest from equity funds that are wary of the commodity-backed sector due to poor Chinese demand. The financial sub-index, composed chiefly of the biggest lenders in the region, has risen more than 15% this year. In contrast, the local metals and mining index has declined more than 18% and conceded its top weighting … Read more…