Bitcoin rises after rapid climb to new record
By Amanda Cooper and Rae Wee LONDON/SINGAPORE (Reuters) -Bitcoin rallied again on Wednesday in volatile trade, while ether jumped almost…
Month: March 2024
US House to vote next week on TikTok crackdown bill
By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives will fast-track a vote next week on legislation that would…
Broadcom sees $10 billion in AI chip sales in 2024, but shares dip
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Broadcom said on Thursday it expects $10 billion in revenue from chips…
Gap’s upbeat quarterly results show improving demand for Old Navy apparel
By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Gap beat Wall Street expectations for fourth-quarter results on Thursday, buoyed by…
Rivian shows off smaller, less expensive EVs, hastens delivery plans
By Chris Kirkham and Abhirup Roy LAGUNA BEACH, California (Reuters) -Rivian on Thursday introduced its smaller, less expensive electric R2…
Tesla shares fall after Morgan Stanley cuts price target on weakening EV demand
By Akash Sriram and Hyunjoo Jin (Reuters) – Tesla fell for a third day on Wednesday after a closely watched…
Gold extends record run as rate cut bets gain ground
By Anjana Anil (Reuters) – Gold rallied to a record on Wednesday, building on stellar momentum driven mostly by bets…
OpenAI hits back at Musk, says billionaire pushed for merger with Tesla
By Aditya Soni and Abinaya V (Reuters) – OpenAI on Tuesday hit back at Elon Musk’s claims that the startup…
Trump, Biden dominate Super Tuesday contests as they march toward rematch
By Nathan Layne and Alexandra Ulmer PALM BEACH, Florida/HUNTINGTON BEACH, California (Reuters) -U.S. President Joe Biden and former President Donald…
Fed’s Powell sees US cuts in 2024 but inflation progress a risk
(Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Wednesday that continued progress on inflation “is not assured,” though…