Many small US banks not ready to borrow from Fed in an emergency
(This Aug. 2 story has been corrected to say National Credit Union Administration, not association, in paragraph 27) By Ann…
Year: 2023
EV maker Fisker cuts output forecast on supply chain woes; shares slide
By Akash Sriram and Abhirup Roy (Reuters) -Fisker Inc shares fell nearly 9% on Friday after supply chain issues forced…
Albemarle jumps into global race to reinvent lithium production
By Ernest Scheyder (Reuters) – Albemarle is building an Arkansas facility to test its version of direct lithium extraction (DLE)…
Meme stock Tupperware jumps as debt restructuring deal fires up retail army
By Medha Singh and Savyata Mishra (Reuters) -Shares of Tupperware Brands surged 44% on Friday, after the kitchen storage container…
Explainer-Charting the Fed’s policy path
(Reuters) – Investors are increasingly of a mind that the U.S. Federal Reserve has delivered the final installment of what…
Amazon forecasts bright Q3 on resilient cloud sales, shopping trends
By Jeffrey Dastin and Chavi Mehta (Reuters) -Amazon.com Inc on Thursday reported sales growth and profit that beat Wall Street’s…
Apple sees sales slump continuing, shares drop 2% despite beating sales expectations
By Stephen Nellis (Reuters) – Apple on Thursday forecast that a sales slump would continue into the current quarter, sending…
Wall Street closes near flat as Treasury yields surge
(This story has been corrected to say Nasdaq fell 0.1%, not gained 0.08%, in the bullet point and paragraph 7)…
Amgen quarterly revenue rises 6%, profit beats Street estimates
By Deena Beasley (Reuters) -Amgen, which is facing U.S. Federal Trade Commission (FTC) delays to its planned acquisition of Horizon…
Apple and Amazon Ignite Investor Optimism with AI Frenzy Expectations
Get Ahead with Today’s Key Insights In the fast-paced world of investments, here are some crucial points to keep in…