Analysis-Heavy oil shortage spells higher cost for shippers, road builders
By Robert Harvey and Arathy Somasekhar LONDON/HOUSTON (Reuters) – Mexican export cuts and a rerouting of Canadian output are shrinking…
Month: May 2024
Xi’s trip to Europe may lay bare West’s divisions over China strategy
By Laurie Chen and Michel Rose BEIJING/PARIS (Reuters) -Chinese President Xi Jinping heads to Europe for the first time in…
Qualcomm jumps as AI sparks rebound in Chinese smartphone market
(Reuters) – Qualcomm shares climbed about 10% to a more than two-year high on Thursday after the smartphone-focused chipmaker signaled…
US greenlights Exxon-Pioneer deal, alleges shale founder colluded with OPEC
By Sabrina Valle and Liz Hampton HOUSTON (Reuters) -U.S. regulators gave the go-ahead on Thursday to Exxon Mobil’s $60 billion…
US IRS targets sharply higher audit rates on big firms, partnerships, millionaires
By David Lawder WASHINGTON (Reuters) – The Internal Revenue Service said on Thursday that it plans to sharply increase audit…
US labor market still tight; productivity falters in first quarter
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits held steady at a low…
AMD, Super Micro spark chip selloff as earnings miss lofty AI expectations
By Harshita Mary Varghese (Reuters) -Advanced Micro Devices and Super Micro Computer led a selloff in chip stocks on Wednesday…
UnitedHealth says hackers potentially stole a third of Americans’ data
By Ahmed Aboulenein and Zeba Siddiqui WASHINGTON (Reuters) – Hackers who breached UnitedHealth’s tech unit in February potentially stole a…
Apple set for big sales decline as investors await AI in iPhones
By Yuvraj Malik (Reuters) -Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial…
US job openings fall to three-year low in March
WASHINGTON (Reuters) – U.S. job openings fell to a three-year low in March, while the number of people quitting their…