Jun 15, 2023 | Business, Economy, Europe, Middle East, UK, US
By Scott DiSavino NEW YORK (Reuters) -Oil prices gained about 3% to a one-week high on Thursday on a weaker U.S. dollar and a jump in refinery runs in top crude importer China. Brent futures rose $2.47, or 3.4%, to settle at $75.67 a barrel, while U.S. West Texas...
Jun 15, 2023 | Business, Economy, Top News, US
By Howard Schneider WASHINGTON (Reuters) – The outlook from U.S. Federal Reserve officials at their meeting this week sees interest rate cuts beginning next year, relief, it would seem, from the ratcheting up of borrowing costs that has been underway since the...
Jun 14, 2023 | Business, Economy, US
By Noel Randewich and Sruthi Shankar (Reuters) – U.S. stocks ended mixed on Wednesday after the Federal Reserve kept U.S. interest rates unchanged but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage...
Jun 14, 2023 | Business, Economy
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell said it will ramp up its dividend and share buybacks while keeping oil output steady into 2030, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. In a new...
Jun 14, 2023 | Business, Economy, Science, Technology, US
(Reuters) – Chip designer Nvidia closed Tuesday with a trillion-dollar market value for the first time, part of a steady climb in the stock’s price in recent months on the back of the artificial intelligence (AI) boom. Here’s an explainer on Nvidia...
Jun 13, 2023 | Business, Economy, US
By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq reached their highest closes in 14 months on Tuesday after data showed consumer prices rose modestly in May, boosting bets that the Federal Reserve will not raise interest rates on...
