By Blake Brittain (Reuters) -The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple (NASDAQ:) from importing its Apple Watches after finding the devices violate medical technology company Masimo (NASDAQ:)’s patent rights. The full commission upheld a judge’s ruling from January that Apple violated Masimo’s…

(Reuters) -Federal Reserve officials are widely expected to leave their benchmark interest rate unchanged at their Oct. 31-Nov. 1 meeting next week, a move that would mark the first back-to-back policy meetings with no rate hike since they began their tightening campaign in March 2022. Since then, the Fed has…

Markus Müller, Deutsche Bank’s ESG Chief Investment Officer, has recently issued a warning to investors about the looming risk of sudden devaluation due to climate change. In a client note released this week, Müller pointed out the potential for unexpected “fat-tail” risks that could lead to catastrophic outcomes, challenging the…

In an ambitious move, Qualcomm (NASDAQ:) is partnering with several Indian entities including the government, Tata Group, Reliance Jio, and Bharti Airtel to focus on local packaging of its Snapdragon X Elite chip and the evolution from 5G to 6G networks. The collaboration aims to leverage Qualcomm’s expertise in phone…

The Bank of Canada has instituted a second “conditional pause” at a 5% interest rate, following ten consecutive hikes. The decision was discussed by finance expert Rubina Ahmed-Haq and interviewer Antony Robart, with the central bank citing less severe home price drops than anticipated due to a structural shortage of…

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending surged in September as households boosted purchases of motor vehicles and traveled, keeping spending on a higher growth path heading into the fourth quarter. The stronger-than-expected increase in spending reported by the Commerce Department on Friday was accompanied by elevated monthly…

The Federal Reserve is expected to maintain its current rates, as traders forecast the first rate cut to occur in June 2024, based on interest-rate futures pricing. This projection comes despite robust consumer spending and persistent price pressures, as inflation begins to ease off. The Commerce Department’s Bureau of Economic…

The Reserve Bank of India (RBI) has recently raised the cap for non-callable bank fixed deposits (FDs) to Rs 1 crore, marking a significant change in the country’s financial landscape. In addition, the RBI has issued instructions to Credit Information Companies (CICs), requiring them to alert clients when their Credit…

San Francisco-based EKJFX mutual fund, part of the Allspring family, has been struggling with underperformance and high market volatility, according to a recent analysis. The fund has been given a Zacks Rank of 5, which suggests a strong sell recommendation. Since its inception in December 2012, the EKJFX mutual fund…

The Federal Reserve’s Core Personal Consumption Expenditures (PCE) Deflator for September dipped to a four-month low of 3.7% year-on-year (YoY), while the Headline PCE steadied at 3.4%. Despite this YoY slowdown, the Core PCE experienced its largest month-on-month (MoM) surge of 0.3% in four months, according to data released on…