US inflation easing, job market similar to pre-pandemic conditions -Fed report
By Howard Schneider (Reuters) – Inflation is easing and the job market has returned to the “tight but not overheated”…
Year: 2024
Netflix co-founder and major donor calls for Biden to step aside, NYT reports
WASHINGTON (Reuters) – Reed Hastings, a major Democratic Party donor and a co-founder of streaming platform Netflix, has called for…
AI frenzy expected to have boosted Samsung Q2 profit 13-fold
By Joyce Lee SEOUL (Reuters) – Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a…
Oil prices slip after data points to cooling U.S. economy
By Katya Golubkova TOKYO (Reuters) – Oil prices fell in early trade on Thursday after U.S. employment and business activity…
Tesla cars for first time on Chinese government purchase list
SHANGHAI (Reuters) – Tesla’s best-selling Model Y was included in a list of electric and plug-in hybrid models that a…
Skydance Media’s deal to gain control of Paramount could be sealed this weekend, sources say
By Dawn Chmielewski (Reuters) – Skydance Media’s deal to acquire theater operator National Amusements, with its controlling interest in Paramount…
France’s far-right seen falling short of majority in run-off, poll shows
By Dominique Vidalon PARIS (Reuters) -Marine Le Pen’s National Rally (RN) will not win a majority of seats in next…
AbbVie cuts 2024 profit forecast on R&D expenses
(Reuters) -AbbVie lowered its 2024 adjusted profit forecast on Wednesday, citing $937 million in milestones, and research and development expenses…
S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut
By Ankika Biswas, Lisa Pauline Mattackal and Saeed Azhar (Reuters) -The S&P 500 index and technology-laden Nasdaq rose on Wednesday…
US judge’s financial conflict leads to revived lawsuit against big banks
By Jonathan Stempel NEW YORK (Reuters) – A U.S. appeals court threw out the dismissal of an antitrust lawsuit accusing…