US inflation increases in December; consumer spending robust
By Lucia Mutikani WASHINGTON (Reuters) – U.S. inflation increased by the most in eight months in December amid robust consumer…
Month: January 2025
Oil producer Chevron uses term ‘Gulf of America’ after Trump renaming order
By Sheila Dang HOUSTON – U.S. oil producer Chevron used the term “Gulf of America” instead of Gulf of Mexico…
Exclusive-Musk aides lock government workers out of computer systems at US agency, sources say
By Tim Reid WASHINGTON (Reuters) – Aides to Elon Musk charged with running the U.S. government human resources agency have…
Explainer-What worries US executives about tariffs
(Reuters) – Tariffs have been top-of-mind for corporate executives in the early days of this quarter’s earnings season as U.S.…
Berkshire Hathaway has shed more than 4,000 jobs
(Reuters) – Berkshire Hathaway said on Friday it has shed more than 4,000 jobs over the last year, even as…
Mastercard’s quarterly profit beats on robust holiday spending
By Arasu Kannagi Basil (Reuters) – Mastercard reported a fourth-quarter profit that beat Wall Street estimates as a resilient economy…
Microsoft’s cloud outlook knocks shares, Meta rises on AI payoff signs
By Deborah Mary Sophia and Joel Jose (Reuters) -Investors punished Microsoft with a 6% share drop on Thursday as hefty…
Tesla shares rise on Musk promise to launch cheaper EVs, autonomous vehicle
By Zaheer Kachwala and Siddarth S (Reuters) -Tesla shares gained more than 2% on Thursday after CEO Elon Musk vowed…
Homebuilder PulteGroup posts upbeat quarterly results; increases share buyback
(Reuters) – U.S. homebuilder PulteGroup beat Wall Street estimates for its fourth-quarter results on Thursday, as strategic promotions helped boost…
Walmart Canada to invest more than $4 billion to expand stores, supply chain
(Reuters) – Walmart Canada said on Thursday it is investing about C$6.5 billion ($4.51 billion) to build new stores and…