IMF says Fed taking appropriate action on rates given high US uncertainty
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund views Wednesday’s Federal Reserve interest rate cut and adoption of…
Month: December 2024
US mortgage rates rise after three straight weekly declines
WASHINGTON (Reuters) – U.S. mortgage rates increased this week following three straight weekly declines and could rise further after the…
US asks Nvidia to probe how its chips ended up in China, Information reports
(Reuters) -The U.S. Department of Commerce has recently asked Nvidia to look into how the company’s products ended up in…
Nike profits and sales beat forecasts, shares surge 11%
(Reuters) – Nike beat quarterly profit expectations and posted a smaller-than-expected drop in revenue on Thursday, as customers flocked to…
Texas launches billboard campaign in Mexico to deter migrants
By Ted Hesson (Reuters) – Texas is launching a visceral billboard campaign in Mexico and Central America to deter illegal…
FedEx to spin off its less-than-truckload freight business
(Reuters) -FedEx announced the much-anticipated spinoff of its less-than-truckload freight division on Thursday, as it looks to restructure its operations…
Paramount’s $8.4 billion Skydance merger faces FCC challenge by Center for American Rights
(Reuters) – The Center for American Rights, a non-profit public-interest law firm, has petitioned the Federal Communications Commission (FCC) to…
Lamborghini delays first EV launch to 2029 as market not ready
(This Dec. 16 story has been corrected to fix the timing of Ferrari’s EV launch in paragraph 2) SANT’AGATA BOLOGNESE,…
Analysis-2024 the ‘year of the bond’ as record inflows top $600 billion
By Harry Robertson LONDON (Reuters) – Investors have poured a record $600 billion into global bond funds this year, taking…
AI startup Databricks hits $62 billion valuation in record VC round
By Krystal Hu and Niket Nishant (Reuters) -Databricks has secured a $62 billion valuation after raising $10 billion in one…