Price war: Amazon excludes rival Temu from competitive price checks
By Arriana McLymore NEW YORK (Reuters) – Amazon is excluding its new competitor Temu from its price searching algorithm that…
Category: Business
S&P 500 leaps to highest close in 14 months; traders bet US rates near peak
By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq surged on Thursday to close at…
Oil futures up 3% on strong China refinery data, weaker US dollar
By Scott DiSavino NEW YORK (Reuters) -Oil prices gained about 3% to a one-week high on Thursday on a weaker…
How the Fed hid a rate hike in its rate “cuts” for 2024
By Howard Schneider WASHINGTON (Reuters) – The outlook from U.S. Federal Reserve officials at their meeting this week sees interest…
US stocks end mixed after Fed signals more rate hikes to come
By Noel Randewich and Sruthi Shankar (Reuters) – U.S. stocks ended mixed on Wednesday after the Federal Reserve kept U.S.…
Shell boosts dividend, steadies oil output under new CEO’s plan
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell said it will ramp up its dividend and share buybacks while…
Explainer-Why are Nvidia’s shares soaring and what is its role in the AI boom?
(Reuters) – Chip designer Nvidia closed Tuesday with a trillion-dollar market value for the first time, part of a steady…
US stocks end higher as inflation data cements bets on rate hike pause
By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq reached their highest closes in 14…
Ryan Cohen scoops up GameStop stock worth $10 million, shares rise
(Reuters) – Ryan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign…
GM to invest $632 million in Indiana plant for future truck production
By David Shepardson (Reuters) – General Motors plans to invest $632 million in its Fort Wayne, Indiana, assembly facility to…