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Month: November 2023

US Postal Service reports $6.5 billion net loss for 2023 fiscal year
General

US Postal Service reports $6.5 billion net loss for 2023 fiscal year

(This Nov. 14 story has been corrected to change the first-class mail volume figure to say 46 billion, not 46…

November 15, 2023November 15, 2023
As inflation cools, Fed seen pivoting to rate cuts in May
General

As inflation cools, Fed seen pivoting to rate cuts in May

By Ann Saphir (Reuters) -Cooling inflation will allow the Federal Reserve to forgo any more interest rate hikes and indeed…

November 15, 2023November 15, 2023
China receives US equipment to make advanced chips despite new rules – report
General

China receives US equipment to make advanced chips despite new rules – report

By Alexandra Alper WASHINGTON (Reuters) – Chinese companies are buying up U.S. chipmaking equipment to make advanced semiconductors, despite a…

November 14, 2023November 15, 2023
Social media companies must face youth addiction lawsuits, US judge rules
General

Social media companies must face youth addiction lawsuits, US judge rules

By Jonathan Stempel and Nate Raymond (Reuters) -A federal judge on Tuesday rejected efforts by major social media companies to…

November 14, 2023November 14, 2023
Biogen cuts annual profit forecast on higher deal costs (Nov 8)
General

Biogen cuts annual profit forecast on higher deal costs (Nov 8)

(This Nov. 8 story has been corrected to say Biogen cut profit forecast due to costs related to a deal,…

November 14, 2023November 14, 2023
Rivian signs agreements with Georgia to start building EV factory (Nov 13)
General

Rivian signs agreements with Georgia to start building EV factory (Nov 13)

(Reuters) – (This Nov. 13 story has been corrected throughout to remove the reference to Rivian’s plans to raise nearly…

November 14, 2023November 14, 2023
Fisker cuts 2023 production forecast as it struggles to ramp up deliveries
General

Fisker cuts 2023 production forecast as it struggles to ramp up deliveries

By Samrhitha A and Abhirup Roy (Reuters) – Electric-vehicle startup Fisker slashed its 2023 production guidance on Monday as it…

November 13, 2023November 13, 2023
Amazon cuts games unit jobs in broader restructuring
General

Amazon cuts games unit jobs in broader restructuring

By Greg Bensinger (Reuters) -Amazon.com has cut around 180 jobs in its games division, at least the second round of…

November 13, 2023November 13, 2023
US needs more pipeline capacity for reliable gas supply -trade group
General

US needs more pipeline capacity for reliable gas supply -trade group

(Reuters) – The U.S. needs more natural gas pipeline capacity to maintain reliable gas supply during extreme cold weather, a…

November 13, 2023November 13, 2023
Global stocks hamstrung by inflation, interest rate worries
General

Global stocks hamstrung by inflation, interest rate worries

By Koh Gui Qing and Naomi Rovnick LONDON/NEW YORK (Reuters) – Global stocks traded in a narrow range on Monday…

November 13, 2023November 13, 2023

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