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Category: Economy

Oil ticks up as markets weigh U.S. debt deal, rate hike possibility
BusinessEconomyEuropeMiddle EastUKUS

Oil ticks up as markets weigh U.S. debt deal, rate hike possibility

By Arathy Somasekhar HOUSTON (Reuters) – Oil prices edged higher in choppy trading on Monday, as markets weighed a tentative…

May 29, 2023May 29, 2023
Investors react to tentative US debt ceiling deal
BusinessEconomyPoliticsTop NewsUS

Investors react to tentative US debt ceiling deal

NEW YORK (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to…

May 29, 2023May 29, 2023
Analysis-Debt deal welcomed by investors, though risks loom
BusinessEconomyPoliticsUS

Analysis-Debt deal welcomed by investors, though risks loom

By Laura Matthews, Chibuike Oguh and Herbert Lash (Reuters) -Global investors are gaming out how a tentative deal to raise…

May 29, 2023May 29, 2023
Nvidia, MediaTek partner on connected car technology
AsiaBusinessEconomyEntertainment and LifestyleTechnologyUS

Nvidia, MediaTek partner on connected car technology

By Joseph White DETROIT (Reuters) -Nvidia Corp and MediaTek Inc on Monday said they will collaborate on technology to power…

May 29, 2023May 29, 2023
Iran says Ukraine president drone criticism a bid to secure more Western arms
EconomyEuropeMiddle EastPoliticsTop NewsUS

Iran says Ukraine president drone criticism a bid to secure more Western arms

(Reuters) – Tehran on Saturday accused Ukrainian President Volodymyr Zelenskiy of anti-Iranian propaganda in his call for Iran to halt…

May 27, 2023May 27, 2023
Oil prices rise as US closes in on debt deal
AsiaBusinessEconomyUS

Oil prices rise as US closes in on debt deal

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Friday as U.S. officials appeared close to striking a debt-ceiling…

May 26, 2023May 26, 2023
Fed ‘pause’ on rate hikes in doubt after strong US data
BusinessEconomyUS

Fed ‘pause’ on rate hikes in doubt after strong US data

By Ann Saphir and Michael S. Derby (Reuters) -Federal Reserve policymakers got a dose of unexpectedly strong U.S. economic data…

May 26, 2023May 26, 2023
Marvell’s shares get AI boost a day after Nvidia’s surge
BusinessEconomyTechnologyUS

Marvell’s shares get AI boost a day after Nvidia’s surge

(Reuters) – Shares of Marvell Technology soared about 23% on Friday after the chipmaker became the latest to project a…

May 26, 2023May 26, 2023
Wall Street ends higher as Nvidia sparks rush for AI stocks
BusinessEconomyTop NewsUS

Wall Street ends higher as Nvidia sparks rush for AI stocks

By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Thursday after a blowout forecast from…

May 25, 2023May 25, 2023
Nvidia fuels Wall Street gains; gold falls to two-month low
AsiaAustraliaBusinessEconomyEuropeUS

Nvidia fuels Wall Street gains; gold falls to two-month low

By Chris Prentice and Marc Jones NEW YORK/LONDON (Reuters) -Progress on U.S. debt ceiling talks bolstered global equities and sent…

May 25, 2023May 25, 2023

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