The stock market, much like the changing seasons, follows its unique cycle. Sometimes it blooms like the vibrant flowers of…
Category: Economy
Inside China’s underground market for high-end Nvidia AI chips
By Josh Ye, David Kirton and Chen Lin HONG KONG/SHENZHEN, China (Reuters) – Psst! Where can a Chinese buyer purchase…
Intel spends $33 billion in Germany in landmark expansion
By Friederike Heine, Supantha Mukherjee and Andreas Rinke BERLIN/STOCKHOLM (Reuters) -Intel will spend more than 30 billion euros ($33 billion)…
Biden makes re-election pitch in key swing state Pennsylvania
By Nandita Bose and Jarrett Renshaw PHILADELPHIA (Reuters) -President Joe Biden made his 2024 re-election pitch to union members in…
Boeing boosts 20 year outlook for planes due to narrowbody demand
By Valerie Insinna PARIS (Reuters) – U.S. planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled…
Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg
(Reuters) – Inflation in the United States will not decline as quickly as markets are currently pricing, according to a…
S&P 500 ends lower as Microsoft recedes from record high
By Noel Randewich and Sruthi Shankar (Reuters) – The S&P 500 ended lower on Friday, weighed down by Microsoft and…
Exclusive-Mondelez ‘singled out’ in boycott over Russia business-memo
NEW YORK (Reuters) – Mondelez International’s Europe president said Thursday that the Milka chocolate bar-maker was being “singled out and…
Fed policymakers deliver hawkish vibe after pause decision
By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials struck a hawkish tone in their first comments since the central…
S&P 500 leaps to highest close in 14 months; traders bet US rates near peak
By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq surged on Thursday to close at…