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Month: June 2023

Exclusive-China’s Xi tells Bill Gates he welcomes U.S. AI tech in China-sources
AsiaBusinessPoliticsScienceTechnologyUS

Exclusive-China’s Xi tells Bill Gates he welcomes U.S. AI tech in China-sources

HONG KONG (Reuters) -Chinese President Xi Jinping discussed the global rise of artificial intelligence with Bill Gates on Friday and…

June 16, 2023June 16, 2023
Price war: Amazon excludes rival Temu from competitive price checks
AsiaBusinessUS

Price war: Amazon excludes rival Temu from competitive price checks

By Arriana McLymore NEW YORK (Reuters) – Amazon is excluding its new competitor Temu from its price searching algorithm that…

June 16, 2023June 16, 2023
S&P 500 leaps to highest close in 14 months; traders bet US rates near peak
BusinessEconomyTop NewsUS

S&P 500 leaps to highest close in 14 months; traders bet US rates near peak

By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq surged on Thursday to close at…

June 15, 2023June 15, 2023
Oil futures up 3% on strong China refinery data, weaker US dollar
BusinessEconomyEuropeMiddle EastUKUS

Oil futures up 3% on strong China refinery data, weaker US dollar

By Scott DiSavino NEW YORK (Reuters) -Oil prices gained about 3% to a one-week high on Thursday on a weaker…

June 15, 2023June 15, 2023
How the Fed hid a rate hike in its rate “cuts” for 2024
BusinessEconomyTop NewsUS

How the Fed hid a rate hike in its rate “cuts” for 2024

By Howard Schneider WASHINGTON (Reuters) – The outlook from U.S. Federal Reserve officials at their meeting this week sees interest…

June 15, 2023June 15, 2023
US stocks end mixed after Fed signals more rate hikes to come
BusinessEconomyUS

US stocks end mixed after Fed signals more rate hikes to come

By Noel Randewich and Sruthi Shankar (Reuters) – U.S. stocks ended mixed on Wednesday after the Federal Reserve kept U.S.…

June 14, 2023June 14, 2023
NATO calls for common standards in push to boost defence production
CanadaEuropePoliticsTop NewsUKUS

NATO calls for common standards in push to boost defence production

By Sabine Siebold and Andrew Gray Brussels (Reuters) – NATO must work harder to set common standards for weapons and…

June 14, 2023June 14, 2023
Shell boosts dividend, steadies oil output under new CEO’s plan
BusinessEconomy

Shell boosts dividend, steadies oil output under new CEO’s plan

By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell said it will ramp up its dividend and share buybacks while…

June 14, 2023June 14, 2023
Explainer-Why are Nvidia’s shares soaring and what is its role in the AI boom?
BusinessEconomyScienceTechnologyUS

Explainer-Why are Nvidia’s shares soaring and what is its role in the AI boom?

(Reuters) – Chip designer Nvidia closed Tuesday with a trillion-dollar market value for the first time, part of a steady…

June 14, 2023June 14, 2023
US stocks end higher as inflation data cements bets on rate hike pause
BusinessEconomyUS

US stocks end higher as inflation data cements bets on rate hike pause

By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq reached their highest closes in 14…

June 13, 2023June 13, 2023

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