by iwd | Nov 20, 2024 | Business
By Davide BarbusciaNEW YORK (Reuters) – An optimistic outlook on the U.S. economy is prompting U.S. bond giant PIMCO to favor stocks and some other risk assets, while seeking protection against inflation as the new U.S. government could implement policies that...
by iwd | Nov 20, 2024 | Business
(Reuters) -TJX Cos raised its annual profit forecast on Wednesday, benefiting from lower costs and strong demand from cash-strapped customers flocking to its off-price stores for products such as apparel and footwear.The TJ Maxx and Marshalls parent has hit the right...
by iwd | Nov 20, 2024 | General
By Medha Singh and Ankur Banerjee(Reuters) – Bitcoin rose to a fresh record high above $94,000 as a report that Donald Trump’s social media company was in talks to buy crypto trading firm Bakkt boosted expectations of a crypto-friendly regime under his...
by iwd | Nov 20, 2024 | Business
By Savyata Mishra(Reuters) -Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers including Walmart, sending its shares tumbling nearly 20%.The results...
by iwd | Nov 20, 2024 | General
By Chris Prentice and Echo WangNEW YORK (Reuters) – Jay Clayton, President-elect Donald Trump’s pick for U.S. Attorney in Manhattan, said the office is well-positioned to focus on national security and combating terrorism financing and money...
by iwd | Nov 20, 2024 | Business
(Reuters) – Major oil and gas companies have ramped up investments in the biofuels sector, betting on sustainable aviation fuel (SAF), with 43 projects expected to be up and running by 2030, consultancy Rystad said in a report. The energy research firm indicates...
by iwd | Nov 19, 2024 | Business
By Stephen Nellis(Reuters) – Silicon Valley startup d-Matrix on Tuesday said it is shipping its first AI chip aimed at delivering services such as chatbots and video generators.D-Matrix, which has raised more than $160 million in funding to date, including from...
by iwd | Nov 19, 2024 | General
By Anna Tong and Michael Martina(Reuters) -A U.S. congressional commission on Tuesday proposed a Manhattan Project-style initiative to fund the development of AI systems that will be as smart or smarter than humans, amid intensifying competition with China over...
by iwd | Nov 19, 2024 | General
By Niket Nishant, Shivansh Tiwary and Manya Saini(Reuters) – Corporate executives were taking a wait-and-see approach to President-elect Donald Trump’s vow to impose heavy tariffs on imports when he takes office in January, but many have raised concerns...
by iwd | Nov 19, 2024 | Business
By Nora EckertDETROIT (Reuters) – Stellantis is preparing to navigate the turbulent electric-vehicle transition with a new vehicle system that will support assembly of gasoline, hybrid and electric models, providing flexibility that will be especially important...
