Mainly Cloudy 2°. Wind Chill: -9°. Wind: N 7 mph.
Loading advertisement…
Trending: Trump threatens 100% tariff on Canada if it makes a deal with China
HomeNewsNationalBusiness ( Page 99)

Business

Subscribe to the Business News Feed.
SHARE NOW
by

US banks shelve $20 billion bailout plan for Argentina, WSJ reports

(Reuters) -A planned $20 billion bailout to Argentina from JPMorgan Chase, Bank of America and Citigroup has been shelved as bankers pivot instead to a smaller, short-term loan package, the Wall Street Journal reported on Thursday, citing sources. In October, the U.S. Treasury tied up ...
by

Restaurant chain California Pizza Kitchen to be acquired by investor group, sources say

By Abigail Summerville (Reuters) -California Pizza Kitchen has signed a deal to be acquired by an investor group led by Consortium Brand Partners and including Todd Boehly's investment firm Eldridge Industries, for under $300 million, according to sources familiar with the matter. The investment represents an ...
by

Trading Day: Nvidia sparkle vanishes, Wall Street slammed

By Jamie McGeever ORLANDO, Florida (Reuters) -Wall Street experienced a wild rollercoaster ride on Thursday, opening sharply higher on another set of strong results from artificial intelligence giant Nvidia, only to end deep in the red as investors reassessed that optimism and mixed signals from ...
by

Joby Aviation sues air-taxi rival Archer over trade secrets

By Blake Brittain (Reuters) -Electric air-taxi company Joby Aviation has sued rival Archer Aviation in California state court for allegedly stealing its trade secrets, according to a complaint made public on Thursday. Joby said in the lawsuit, filed on Wednesday in state court in Santa Cruz, ...
by

Foxconn to spend up to $3 billion a year on AI, chair sees China EV shakeout

By Daniel Leussink, Maki Shiraki and David Dolan TOKYO (Reuters) -Foxconn will invest $2 billion to $3 billion a year in AI, the head of the world's largest contract electronics maker told Reuters. Foxconn Chairman Young Liu also said he expects a shakeout in China's crowded ...
by

China’s private REITs offer new funding path for property firms

By Li Gu and Clare Jim SHANGHAI/HONG KONG (Reuters) -China's nascent private REIT market has emerged as a rare bright spot for cash-strapped developers, with a record fundraising pipeline of $12 billion for this year, driven by rising investor demand for higher yields. Launched in 2023, ...
Loading advertisement…
by

Intuit expects quarterly revenue growth above estimates on strong financial tools demand

(Reuters) -Intuit forecast second-quarter revenue growth above Wall Street estimates on Thursday, a sign of growing demand for its artificial intelligence-powered financial management tools. The company, which offers products such as tax-preparation software TurboTax, finance portal Credit Karma and accounting tool QuickBooks, is benefiting as ...
by

Fed’s Goolsbee uneasy about rate cuts, says nothing wrong with dissenting

By Ann Saphir (Reuters) -Chicago Federal Reserve President Austan Goolsbee on Thursday said he is uneasy about cutting interest rates in the face of too-high inflation that's steady at best and by some measures getting worse, remarks that signal a reluctance to support a third ...
by

Communities of slave descendants in Brazil demand recognition of territories

BELEM, Brazil (AP) - Zaqueu Belém Araújo cuts a leaf from an acai tree and skillfully folds and twists it, tying one end to the other to form a strong ring. He takes off his sandals, puts his bare feet into the palm ring ...
by

US lawmakers target Chinese chipmaking equipment imports by CHIPS Act grant recipients

By Max A. Cherney PHOENIX (Reuters) -A bipartisan group of U.S. lawmakers introduced a bill on Thursday in the House that would block the purchase of Chinese chipmaking equipment by CHIPS Act grant recipients for 10 years. The bill targets a range of chipmaking tools from ...
by

Bubble fears ease but investors still waiting for AI to live up to its promise

Fears about the artificial intelligence boom turning into an overblown bubble have evaporated for now, thanks to a stellar earnings report from Nvidia that illustrated why its indispensable chips transformed it into the world's most valuable company. But that doesn't mean the specter of an ...
by

Senate reversal of Biden policy that blocked Wyoming coal mining heads to Trump

FORT COLLINS, Colo. (AP) - A Senate vote Thursday would restore mining industry access to government-owned coal in the most productive U.S. region, a policy reversal from President Joe Biden that is likely to get President Donald Trump's signature. The bill for the Powder River ...
First Previous9596979899100101102103Next Last