Fed Reverse Repo Use Declines to Lowest in More Than Three Years

Nov 1, 2024 | Markets

Some 41 counterparties tap RRP, the fewest since June 2021 Fed facility’s usage tumbled from $2.55 trillion peak in 2022 The amount of money investors park at a major Federal Reserve facility dropped below $200 billion for the first time since May 2021, reinvigorating...

US Manufacturing Activity Contracts for Seventh Straight Month

Nov 1, 2024 | Markets

ISM’s factory index fell to lowest since July 2023 in October Production index monthly drop was most since April 2021 US manufacturing activity shrank in October for a seventh month to the lowest reading since July 2023, dragged down by a drop in production and...

Estée Lauder Falls Most on Record After Pulling Its Guidance

Oct 31, 2024 | Markets

Estée Lauder Cos. pulled its guidance for the year, citing uncertainty over a new chief executive and weak demand in China. The shares plunged in New York trading. The New York-based company also cut its dividend “to a more appropriate payout ratio, which will also...

Alphabet’s Waymo Valued Above $45 Billion After Funding

Oct 31, 2024 | Markets

Waymo raised $5.6 billion to expand self-driving business Company is rapidly increasing number of ride-hailing trips Waymo, Alphabet Inc.’s autonomous driving unit, was valued at more than $45 billion, including its latest round of financing, according to people...