Petrobras shares plunge on axed dividend as Brazil pushes more investment
By Lisandra Paraguassu, Marta Nogueira and Fabio Teixeira BRASILIA/RIO DE JANEIRO (Reuters) -Brazil’s government will push state-run oil company Petrobras…
Year: 2024
Costco stock closes for worst day in nearly two years on quarterly revenue miss
By Ananya Mariam Rajesh (Reuters) -Costco’s shares closed down 7.6% on Friday for its worst day since May 2022 after…
US labor market cooling; unemployment rate rises to two-year high of 3.9%
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in February, but that likely masks underlying softening labor market…
Gold marches higher as US jobs data boosts bets of early rate cut
By Anjana Anil (Reuters) – Gold prices surged to another record high on Friday as data showing a rise in…
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…
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…