J.P.Morgan forecasts spending on data centers could boost US GDP by 20 basis points in 2025-26
By Siddarth S (Reuters) – J.P.Morgan estimated spending on data centers could contribute between 10-20 basis points to U.S. economic…
Day: January 16, 2025
Fed’s Goolsbee says he feels more comfortable that labor market is stabilizing, WSJ reports
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said he feels more comfortable that the labor market is stabilizing,…
Polestar expects delayed profitability as EV demand weakens, competition intensifies
By Akash Sriram and Marie Mannes (Reuters) -Polestar’s new CEO said on Thursday it would take longer for the Swedish…
Morning Bid: Inflation relief and bumper bank earnings
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street’s best day of the…
US retail sales exit 2024 with momentum; labor market on solid ground
By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased in December as households bought motor vehicles and a range of…
Automation firm Symbotic soars on $200 million deal to buy Walmart’s robotics unit
(Reuters) – Symbotic’s shares jumped about 14% on Thursday after the automation firm said it would buy Walmart’s robotics business…
World Bank warns that US tariffs could reduce global growth outlook
By Andrea Shalal WASHINGTON (Reuters) – The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce…
US import prices remain tame in December
WASHINGTON (Reuters) – U.S. import prices barely rose for a third straight month in December as a surge in the…
Trump will keep TikTok from ‘going dark’ if deal is on table, adviser says
By David Shepardson WASHINGTON (Reuters) -U.S. President-elect Donald Trump’s incoming national security adviser said on Thursday the new administration will…