Lofty valuations on US stocks a growing worry for investors
By Lewis Krauskopf NEW YORK (Reuters) -Some Wall Street banks are sounding caution on the U.S. stock rally, warning that…
Month: June 2023
US opens probe into Ford Explorer recalls over power loss reports
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Saturday they are investigating Ford Motor’s prior recalls of…
Aramco, TotalEnergies sign $11 billion contract to build petrochemicals complex in Saudi Arabia
(Reuters) – Saudi Arabian Oil Company (Aramco) and TotalEnergies have signed an $11 billion contract to start building a new…
IBM nears $5 billion deal for software provider Apptio – WSJ
(Reuters) -IBM is nearing a deal to acquire software company Apptio for about $5 billion, the Wall Street Journal reported…
EU, Meta agree to July stress test on EU online content rules
(Reuters) – Meta and the European Union (EU) have agreed on a stress test in July on the EU’s online…
Wall Street ends down, snaps weekly winning streak on Fed worries
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Friday, capping a week dominated by Federal Reserve…
SpaceX tender offer values company at about $150 billion – Bloomberg News
(Reuters) – Elon Musk’s SpaceX is offering to sell insider shares at a price that would raise the company’s valuation…
Forecasts show U.S. earnings decline in second quarter
By Caroline Valetkevitch NEW YORK (Reuters) – Forecasts for second-quarter U.S. earnings still look gloomy after a much-better-than-feared first quarter…
US to spend $502 million on future bird flu response
By Leah Douglas (Reuters) – The U.S. Department of Agriculture will spend $502 million to ensure its rapid response to…
