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Major US banks raise prime rate after first Fed rate hike since 2023

Major US banks raise prime rate after first Fed rate hike since 2023

Sept 16 (Reuters) - Top U.S. banks raised their prime lending rate on Wednesday after the Federal Reserve lifted its benchmark interest rate, a move that would increase borrowing costs for consumers and businesses with loans.

Holtec Nuclear shelves US IPO as AI trade hits turbulence

Holtec Nuclear shelves US IPO as AI trade hits turbulence

By Arasu Kannagi Basil and Manya Saini Sept 17 (Reuters) - Nuclear services company Holtec suspended its planned U.S. initial public offering late on Wednesday, at a time when investors have increased scrutiny of vast capital being deployed in sectors related to AI.

CoreWeave launches $3 billion convertible debt sale

CoreWeave launches $3 billion convertible debt sale

Sept 17 (Reuters) - Nvidia-backed CoreWeave said on Thursday it plans to raise $3 billion through a convertible debt offering, highlighting the massive funding needs to support the AI infrastructure buildout. Shares of the neocloud were down more than 3% in early trading.

Barclays backs November BoE hike, warns Middle East conflict could spur more

Barclays backs November BoE hike, warns Middle East conflict could spur more

Sept 18 (Reuters) - Barclays expects a 25-basis-point hike from the Bank of England in November after policymakers kept rates steady, citing a "dramatically changed" medium-term energy outlook and warning that a prolonged Middle East conflict could bring further tightening. Barclays joins J.P.

Orion180 Insurance valued at $1.14 billion as shares fall in debut

Orion180 Insurance valued at $1.14 billion as shares fall in debut

By Atharva Singh Sept 18 (Reuters) - Orion180 Insurance was valued at $1.14 billion after its shares fell in its Nasdaq debut on Friday, setting a cautious tone for other insurers eyeing public listings later this year.

Goldman Sachs sees major AI catalyst for Meta stock

Goldman Sachs sees major AI catalyst for Meta stock

Here’s what could be next for Meta stock

Goldman Sachs sees October Fed hike after hawkish signal

Goldman Sachs sees October Fed hike after hawkish signal

SYDNEY, Sept 17 (Reuters) - Goldman Sachs now expects the Federal Reserve to raise interest rates by another quarter point in October, making it one of the first major Wall Street banks to forecast consecutive rate hikes following the U.S. central bank's hawkish signal on Wednesday.

Banks provide $22 billion chip loan to Blackstone, Alphabet AI cloud venture, source says

Banks provide $22 billion chip loan to Blackstone, Alphabet AI cloud venture, source says

By Harshita Mary Varghese and Arasu Kannagi Basil Sept 16 (Reuters) - A group of 10 banks is providing a $22 billion chip loan to support Blackstone and Alphabet's new cloud venture Crux AI, a source familiar with the matter told Reuters on Wednesday.

Wall St set for tepid open as oil prices fall, Treasury yields rise

Wall St set for tepid open as oil prices fall, Treasury yields rise

By Niket Nishant and Tharuniyaa Lakshmi Sept 18 (Reuters) - The major US stock indexes were set for a subdued open on Friday, as lower oil prices and higher Treasury yields sent conflicting signals on a day with few fresh catalysts.

Factbox-Major brokerages' forecasts for S&P 500 index in 2026

Factbox-Major brokerages' forecasts for S&P 500 index in 2026

Sept 16 (Reuters) - Global brokerages expect the benchmark S&P 500 index to extend its rally in 2026, betting on AI momentum and strong corporate earnings, while the war in Iran continues to weigh on investor sentiment.

Wall Street futures edge higher in countdown to Fed decision

Wall Street futures edge higher in countdown to Fed decision

By Niket Nishant and Tharuniyaa Lakshmi Sept 16 (Reuters) - U.S. stock index futures attempted a recovery on Wednesday following a two-day slide, as lower oil prices offered some relief during a tense wait for the Federal Reserve's interest rate decision.

Nasdaq, S&P 500 climb ahead of keenly awaited Fed decision

Nasdaq, S&P 500 climb ahead of keenly awaited Fed decision

By Niket Nishant and Tharuniyaa Lakshmi Sept 16 (Reuters) - The Nasdaq Composite and the S&P 500 edged higher following a two-day slide, as lower oil prices offered some relief during a tense wait for the Federal Reserve's interest rate decision on Wednesday.