White House touts $11 billion US semiconductor R&D program
By David Shepardson WASHINGTON (Reuters) -The White House on Friday touted the U.S. government’s plan to spend $11 billion on…
Month: February 2024
Bitcoin surges in biggest weekly rally in four months
By Amanda Cooper and Alun John LONDON (Reuters) -Bitcoin rose 5% on Friday to one-month highs, powered by what analysts…
PepsiCo signals demand hit from price hikes with rare sales decline
By Ananya Mariam Rajesh (Reuters) -PepsiCo on Friday reported a surprise drop in quarterly sales and forecast a sharp slowdown…
NYCB gets third credit downgrade as CRE exposure worries spill to Europe
By Manya Saini and Niket Nishant (Reuters) -Embattled New York Community Bancorp faced its third credit-rating cut on Thursday while…
Fed’s Collins says her baseline expectation is 75 bps of rate cuts this year
(Reuters) – Boston Federal Reserve Bank President Susan Collins on Thursday said she believes the U.S. central bank will likely…
Oil producer ConocoPhillips beats profit views on higher output
By Sabrina Valle and Sourasis Bose HOUSTON (Reuters) -U.S. oil and gas producer ConocoPhillips on Thursday beat Wall Street estimates…
‘Silver is the new gold’ as Egyptians try to protect savings
By Sarah El Safty and Farah Saafan CAIRO (Reuters) – Egyptian women traditionally receive a gold jewellery set, or “shabka”,…
Disney answers activists with gaming investment, ESPN streaming plans
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney CEO Bob Iger hit back at activist investors on…
NYCB shares end higher as new executive chair seeks to bolster confidence
By Niket Nishant and Lewis Krauskopf (Reuters) -Shares of New York Community Bancorp closed higher on Wednesday after the lender…
Ackman launches cheaper hedge fund aimed at wider investor pool
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire hedge fund manager William Ackman is launching a new investment portfolio in the…