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Digital World fails again to gain enough votes to extend Truth Social merger

Former president Donald Trump has failed to win another vote — this time, from the shareholders of an investment ally his social network Truth Social had been counting on for cash.Digital World Acquisition Corp., a special-purpose acquisition company, said Thursday it had not yet gained enough shareholder votes to extend its deadline for merging with …

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Oil prices drop; stocks gain as Treasury yields ease

Register now for FREE unlimited access to Reuters.comRegisterU.S. stocks higher in early tradingOil prices sinkBenchmark Treasury yields easeNEW YORK, Sept 7 (Reuters) – Oil prices fell sharply on Wednesday amid demand worries, while Wall Street stocks edged higher after recent losses.Brent crude futures touched their lowest since early February. Earlier, data showed China’s export growth …

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China’s exports gain steam but outlook cloudy as global growth cools

China July exports grow at faster pace, beat forecastImports again disappoint, highlighting weak domestic demandTrade balance hit record high in JulyWeak foreign demand adds stress to trade, economic outlookBEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from …

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Dow futures gain slightly after the three major averages notched a second day of losses

These stocks are poised for a comeback if inflation peaks, Jefferies saysA slowdown could be on the horizon, and more earnings downgrades ahead have been predicted. If inflation also peaks, as some analysts expect it to, that mix of factors will favor one class of stocks, Jefferies says.Jefferies produced a screen of such stocks that …

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