Fastenal misses estimates amid sluggish demand for industrial safety products
(Reuters) – Fastenal (NASDAQ:FAST) posted fourth-quarter profit below analysts’ estimates on Friday, as a sustained slowdown in construction sector dented demand for its fasteners and other safety products. Shares of the Winona, Minnesota-based company fell 5.7% in premarket trading. U.S. construction activity
UK borrowing cost spike evaporates, in boost for Reeves
By Andy Bruce (Reuters) – British government bonds rallied for a third day running on Friday, all but wiping out a sharp spike in yields since the start of the year that had briefly prompted comparisons with former Prime Minister Liz
Analysis-Markets are betting China will let yuan fall as Trump takes power, but not much
SINGAPORE (Reuters) – Financial markets are betting China will not use the yuan as a policy tool to offset expected U.S. tariffs in a second Donald Trump presidency, based on a view that sharp depreciation like that seen in his
UK financial regulator pledges to help government boost growth
LONDON (Reuters) -Britain’s Financial and Conduct Authority (FCA) said on Friday it would collaborate with the government on a new approach that supports economic growth, after finance minister Rachel Reeves called on regulators to remove barriers to growth. “We want to
Truist beats quarterly profit estimates on investment banking gains
(Reuters) – Truist Financial (NYSE:TFC) on Friday exceeded Wall Street estimates for fourth-quarter profit, helped by stronger investment banking and trading activity as capital markets strengthened. A resilient economy, declining interest rates and expectations of relaxed regulations under the Trump administration