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Amazon to invest $3 billion to build data center in Mississippi

(Reuters) -Amazon said on Thursday it will invest at least $3 billion in Warren County, Mississippi to build a data center campus.(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Vijay Kishore) Brought to you by www.srnnews.com
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Average US long-term mortgage rate rises to 6.26%, the third straight increase

The average rate on a 30-year U.S. mortgage edged higher for the third week in a row, though it remains close to its low point this year. The average long-term mortgage rate ticked up to 6.26% from 6.24% last week, mortgage buyer Freddie Mac said ...
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Wall Street opens sharply higher after Nvidia earnings, jobs data

(Reuters) -Wall Street's main indexes jumped at the open on Thursday as technology stocks received a boost after Nvidia's stellar results quelled some concerns around an AI bubble, while a firm September jobs report showed signs of a resilient economy. The Dow Jones Industrial ...
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Bath & Body Works forecasts sales dip as holiday demand wanes; shares plunge

By Prerna Bedi (Reuters) -Bath & Body Works forecast a surprise sales decline for the crucial holiday quarter on Thursday, signalling weak appetite for scented candles and fragrances among cash-strapped shoppers and sending its shares down nearly 24%. The retailer, whose shares have lost 46% of ...
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US existing home sales increase in October

WASHINGTON (Reuters) -U.S. existing home sales increased in October as buyers took advantage of lower mortgage rates, though rising unemployment and high home prices remain a constraint for the housing market. Home sales rose 1.2% last month to a seasonally adjusted annual rate of 4.10 ...
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Stocks rally after blockbuster Nvidia earnings, jobs report

(NEW YORK) -- Stocks rallied in early trading on Thursday, just hours after blockbuster earnings from chip giant Nvidia and a stronger-than-expected jobs report.The Dow Jones Industrial Average jumped nearly 600 points, or 1.2%, while the S&P 500 climbed 1.8%. The tech-heavy Nasdaq soared ...
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Starbucks union says 30 more US stores are joining week-old strike

Starbucks' union is expanding its week-old strike against the company. Starbucks Workers United said baristas from 30 more stores in 25 U.S. cities planned to join the strike Thursday, including stores in Cleveland; Memphis, Tennessee; Springfield, Missouri, and Albany, New York. That brings the total ...
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US homes sales rose in October as homebuyers seized on declining mortgage rates

Sales of previously occupied U.S. homes increased last month to the fastest pace since February as lower mortgage rates helped pull more homebuyers into the market. Existing home sales rose 1.2% in October from the previous month to a seasonally adjusted annual rate of 4.10 ...
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Starbucks must face shareholder lawsuit over surprise sales decline

By Jonathan Stempel (Reuters) -Starbucks must face a lawsuit claiming it defrauded shareholders by concealing declining sales in the United States and China, its largest markets, leading to a 16% drop in its stock price after the coffee chain revealed the unexpected weakness. In a decision ...
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US FCC votes to advance wireless spectrum auction, avoid aviation standoff

WASHINGTON (Reuters) -The Federal Communications Commission voted 3-0 on Thursday to advance plans to auction key wireless spectrum crucial for advanced technology uses and aims to head off another confrontation between airlines and telecom companies. The FCC said it was considering whether some C-Band wireless ...
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Fed’s Cook sees risk of ‘outsized asset price declines’

(Reuters) -Historically elevated prices in equities, corporate bonds, housing and leveraged loan markets may portend a large pullback in valuations, Federal Reserve Governor Lisa Cook said on Thursday, even as she predicted that any such drop is unlikely to send the whole financial system ...
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Fed’s Hammack warns more rate cuts court financial stability risks

By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack warned Thursday that cutting rates further right now carries a wide range of risks for the economy. Given the persistence of inflation running over the Fed's 2% target, "lowering interest rates to support ...
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