Category: Business

Wall Street ends lower as inflation fears mount
January 8, 2025 No Responses

Wall Street ends lower as inflation fears mount

By Johann M Cherian, Sukriti Gupta and Carolina Mandl (Reuters) -U.S. stocks tumbled on Tuesday after a batch of upbeat economic data raised concerns that an inflation rebound could slow down the Federal Reserve’s pace of monetary policy easing. Stocks...
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Meta shelves fact-checking in policy reversal ahead of Trump administration
January 7, 2025 No Responses

Meta shelves fact-checking in policy reversal ahead of Trump administration

By Katie Paul, Supantha Mukherjee, Deborah Mary Sophia (Reuters) -Social media company Meta Platforms on Tuesday scrapped its U.S. fact-checking program and reduced curbs on discussions around contentious topics such as immigration and gender identity, bowing ...
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Nvidia CEO says company has plans for desktop chip designed with MediaTek
January 7, 2025 No Responses

Nvidia CEO says company has plans for desktop chip designed with MediaTek

By Stephen Nellis (Reuters) -Nvidia Chief Executive Jensen Huang said on Tuesday that MediaTek will be able to sell the desktop central processor chip the two companies unveiled earlier this week and that Nvidia has undisclosed future plans for the...
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Alaska sees $1 billion jump in profit after merger with Hawaiian Airlines
December 10, 2024 No Responses

Alaska sees $1 billion jump in profit after merger with Hawaiian Airlines

By Rajesh Kumar Singh and Shivansh Tiwary (Reuters) -Alaska Air on Tuesday unveiled a plan to generate $1 billion in additional profits by 2027 by leveraging its acquisition of Hawaiian Airlines and booming demand for premium travel, sparking a rally...
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US banks report weaker loan demand, Fed survey says
May 7, 2024 No Responses

US banks report weaker loan demand, Fed survey says

(Reuters) – U.S. banks reported renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year, according to a Federal Reserve survey of senior loan officers published on Monday....
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Wozniak’s space firm, Privateer, buys Orbital Insight, raises $56.5 million
May 7, 2024 No Responses

Wozniak’s space firm, Privateer, buys Orbital Insight, raises $56.5 million

(This May 6 story has been corrected to fix the spelling of BOKA Group and Lux Capital in paragraph 2) By Joey Roulette WASHINGTON (Reuters) – Apple cofounder Steve Wozniak’s space data startup, Privateer, has raised $56.5 million and also...
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US FAA opens probe into Boeing 787 inspections
May 7, 2024 No Responses

US FAA opens probe into Boeing 787 inspections

By David Shepardson and Allison Lampert WASHINGTON (Reuters) -The Federal Aviation Administration said on Monday it has opened an investigation into the Boeing 787 Dreamliner after the planemaker said some employees had committed “misconduct” by cl...
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Vertex tops Q1 profit estimates on robust demand for cystic fibrosis treatments
May 6, 2024 No Responses

Vertex tops Q1 profit estimates on robust demand for cystic fibrosis treatments

By Pratik Jain (Reuters) -Vertex Pharmaceuticals beat Wall Street estimates for first-quarter profit on Monday, driven by robust uptake for its blockbuster cystic fibrosis treatments. Cystic fibrosis (CF) – an inherited disorder that causes severe damage...
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Wall Street closes higher for third session on rate cut optimism
May 6, 2024 No Responses

Wall Street closes higher for third session on rate cut optimism

By David French (Reuters) -U.S. stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal Reserve cutting interest rates this year. Expectations for...
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Air Lease Q1 profit misses estimates on higher interest expenses
May 6, 2024 No Responses

Air Lease Q1 profit misses estimates on higher interest expenses

(Reuters) -Air Lease Corp said it is wrestling with delivery delays from planemakers Boeing and Airbus, after reporting a lower-than-expected quarterly profit on Monday as it made higher interest payments on funds borrowed to finance aircraft purchases. Air Le...
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