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…
Americans should prepare for cyber sabotage from Chinese hackers, US official warns
By Raphael Satter WASHINGTON (Reuters) – Chinese hackers are all but certain to disrupt American critical infrastructure, such as pipelines…
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…
Exclusive-Broadcom set to win EU nod for $61 billion VMware deal, sources say
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is set to gain conditional EU antitrust approval for its…