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Category: Business

US weekly jobless claims post biggest drop in 20 months as economy shows stamina
BusinessEconomyTop NewsUS

US weekly jobless claims post biggest drop in 20 months as economy shows stamina

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week by…

June 29, 2023June 29, 2023
Microsoft-backed AI startup Inflection raises $1.3 billion from Nvidia and others
BusinessEconomyTechnologyUS

Microsoft-backed AI startup Inflection raises $1.3 billion from Nvidia and others

By Niket Nishant and Krystal Hu (Reuters) -Inflection AI, a startup backed by several Silicon Valley heavyweights, said on Thursday…

June 29, 2023June 29, 2023
Exclusive-Exxon Mobil expands lithium bet with Tetra Technologies deal
BusinessUS

Exclusive-Exxon Mobil expands lithium bet with Tetra Technologies deal

By Ernest Scheyder (Reuters) – Exxon Mobil has agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra…

June 28, 2023July 1, 2023
Apple stock hits record, on cusp of $3 trillion market value
BusinessEconomyTechnologyTop NewsUS

Apple stock hits record, on cusp of $3 trillion market value

By Akash Sriram and Noel Randewich (Reuters) -Apple’s stock climbed to a record high close on Wednesday and was on…

June 28, 2023June 28, 2023
Biden administration raises record $105 million in Nevada solar energy auction
BusinessEnvironmentPoliticsUS

Biden administration raises record $105 million in Nevada solar energy auction

(Reuters) – The Biden administration said on Wednesday it raised $105 million from solar power developers at a lease auction…

June 28, 2023June 28, 2023
AMC, ‘meme’ investors to face off in court over stock conversion
BusinessEconomyUS

AMC, ‘meme’ investors to face off in court over stock conversion

By Jody Godoy (Reuters) – A months-long battle between retail investors and AMC Entertainment Holdings over a stock conversion plan…

June 28, 2023June 28, 2023
FTX begins talks to relaunch international cryptocurrency exchange – WSJ
BusinessEconomyTechnologyUS

FTX begins talks to relaunch international cryptocurrency exchange – WSJ

(Reuters) -Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported…

June 28, 2023July 2, 2023
US FDA declines to approve Regeneron’s higher-dose Eylea, shares tumble
BusinessEuropeHealthTop NewsUS

US FDA declines to approve Regeneron’s higher-dose Eylea, shares tumble

By Khushi Mandowara (Reuters) – U.S. health regulators on Tuesday declined to approve a higher-dose version of Regeneron Pharmaceuticals’ drug…

June 27, 2023June 27, 2023
Tesla charging technology put on fast track to become US standard
BusinessTechnologyUS

Tesla charging technology put on fast track to become US standard

By Hyunjoo Jin and Trevor Hunnicutt (Reuters) -Tesla’s electric-vehicle charging technology is being put on a fast track to become…

June 27, 2023June 27, 2023
How risky is it to extend Canadian mortgage amortizations?
BusinessCanadaEconomy

How risky is it to extend Canadian mortgage amortizations?

By Nivedita Balu and Fergal Smith TORONTO (Reuters) – Canada’s record pace of interest rate hikes has led to the…

June 27, 2023June 27, 2023

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