by iwd | Sep 5, 2024 | Business
(Reuters) – Ford Motor said on Thursday U.S. vehicle sales in August rose 13.4% to 182,985 units, helped by robust demand for its SUVs and pick-up trucks.Sales of Ford’s electric vehicles rose 28.9%, while hybrid vehicle sales jumped nearly 50%.Overall,...
by iwd | Sep 5, 2024 | Business
(Reuters) -Applied Digital shares soared nearly 65% to hit their highest level in more than a month on Thursday, after the data center operator said it would receive $160 million in financing from a group of investors, including chip giant Nvidia.Investors in the deal...
by iwd | Sep 4, 2024 | Uncategorized
By Lucia MutikaniWASHINGTON (Reuters) – U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but the reduction on its own is probably not enough for the Federal Reserve to consider a big interest rate cut this...
by iwd | Sep 4, 2024 | General
By Nell MackenzieLONDON (Reuters) – Global hedge funds posted positive results in August even as the unwind in popular yen carry trades whipsawed markets, bank research and sources familiar with the funds’ performance showed on Wednesday.Hedge funds posted...
by iwd | Sep 4, 2024 | Business
By Lewis KrauskopfNEW YORK (Reuters) – Shares of Nvidia and other Big Tech stocks have helped power the markets run to record highs this year. Their recent wobble is making investors nervous. A tumble in the chipmaker’s shares shaved $279 billion off Nvidia’s...
by iwd | Sep 4, 2024 | General
(Reuters) – Meta Platforms’ Oversight Board said on Wednesday the Facebook parent should not automatically remove a phrase seen by some as displaying solidarity with Palestinians and by others as an endorsement of violence against Jews.The board, which...
by iwd | Sep 3, 2024 | General
By Ricardo Brito and Luciana MagalhaesBRASILIA/SAO PAULO (Reuters) -Tensions between Brazil and Elon Musk’s business empire ratcheted up further as the country’s telecoms regulator threatened to sanction his satellite broadband company Starlink hours after...
by iwd | Sep 3, 2024 | Business
By Nell MackenzieLONDON (Reuters) – Hedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid reported job cuts and reduced dealmaking.Financial stocks ended the week...
by iwd | Sep 3, 2024 | Business
(Reuters) – Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained “false or inaccurate statements” about the AI server maker.In its first comments on the allegations,...
by iwd | Sep 3, 2024 | Uncategorized
(Reuters) – U.S. housing inflation is likely to ease in the coming year as the gap between supply and demand for homes narrows, according to research published on Tuesday by the Federal Reserve Bank of San Francisco. That decline will likely add to downward...
