By Jamie McGeever ORLANDO, Florida (Reuters) -A gradual financial disentangling of China and the United States after decades of symbiosis may reduce fears of ‘mutually assured financial destruction’ but also …
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By Suban Abdulla LONDON (Reuters) – British consumers are their most confident since January 2022 as lower inflation helped them to feel better about their finances, a survey showed on …
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Boeing production woes ‘will get resolved’ says major customer Avolon
by Reutersby ReutersDUBLIN (Reuters) – Boeing’s production difficulties will “get resolved”, its 737 MAX 10 aircraft will get certified and the impact of U.S. regulators freezing a planned production ramp-up will be …
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Global economy outlook at odds with aggressive rate cut bets: Reuters poll
by Reutersby ReutersBy Hari Kishan BENGALURU (Reuters) – Global growth is set to stay resilient this year and only pick up pace a bit in 2025, according to a Reuters poll of …
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KLA forecasts third-quarter revenue below Street estimate on weak demand
by Reutersby Reuters(Reuters) -Chipmaking tools manufacturer KLA Corp forecast third-quarter revenue below Wall Street estimates on Thursday, signaling sluggish demand in the electronics segment. Shares of the California-based company fell more than …
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Levi Strauss to cut jobs after projecting bleak 2024 on fragile wholesale business
by Reutersby ReutersBy Deborah Mary Sophia and Katherine Masters (Reuters) -Levi Strauss & Co forecast annual sales and profit below Wall Street expectations on Thursday, and said it would cut 10% to …
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JPMorgan shuffles top bosses as Wall Street focuses on Dimon succession
by Reutersby ReutersBy Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -JPMorgan Chase shuffled executives in its investment banking and consumer units on Thursday, giving them more experience running different businesses as …
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(Reuters) – U.S. timber company Weyerhaeuser posted a lower adjusted profit on Thursday, hit by weakness in its wood products business. The Seattle, Washington-based firm reported an adjusted net profit …
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GM Cruise robotaxi unit faces US probes over dragging incident, vows reforms
by Reutersby ReutersBy Greg Bensinger and David Shepardson SAN FRANCISCO/WASHINGTON (Reuters) -GM’s Cruise self-driving car unit on Thursday revealed probes by the U.S. Justice Department and Securities and Exchange Commission stemming from …
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By Javier Verdin and Diego OrĂ© ACAPULCO, Mexico (Reuters) – A volunteer police force in rural Mexico that says it has been overwhelmed by local kidnappings has recruited schoolchildren as …
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Amazon’s AWS to invest $10 billion for two data centers in Mississippi
by Reutersby Reuters(Reuters) -Amazon.com’s AWS said on Thursday it plans to invest $10 billion to build two data center complexes in Mississippi, its latest capacity expansion amid growing demand for cloud services …
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(Reuters) -Wells Fargo said on Thursday it has raised CEO Charles Scharf’s total compensation for 2023 to $29 million. The compensation consists of a base salary of $2.5 million and …
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By Rajesh Kumar Singh, Abhijith Ganapavaram and David Shepardson (Reuters) -Boeing’s troubles with its 737 MAX jets are upending the aerospace industry’s 2024 plans, changing airlines’ fleet and expansion goals …
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Yellen: strong US GDP growth signals productivity gains, not inflation
by Reutersby ReutersBy David Lawder CHICAGO (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that surprisingly strong economic growth in the fourth quarter was a “good thing” that signals productivity …
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By Arafat Barbakh and Emma Farge GAZA/GENEVA (Reuters) – In battered, hard-to-reach north Gaza, rare aid deliveries get mobbed by desperate, hungry Palestinians and aid workers report seeing people thin …
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Former Trump adviser Navarro gets four months for contempt of Congress
by Reutersby ReutersBy Andrew Goudsward WASHINGTON (Reuters) -Former President Donald Trump’s trade adviser Peter Navarro was sentenced on Thursday to four months in prison for contempt of Congress, with a judge scolding him …
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Gaza health ministry says 20 Palestinians killed in strike on food aid queue
by Reutersby ReutersBy Fadi Shana, Nidal al-Mughrabi and Dan Williams GAZA/DOHA/JERUSALEM (Reuters) – An Israeli strike on Gaza City killed 20 Palestinians and wounded 150 who were queuing for food aid on …
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GENEVA (Reuters) – The head of the World Health Organization called for a ceasefire and a “true solution” to the Israel-Palestinian conflict in an emotional plea to the global health …
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Arthur J. Gallagher’s fourth-quarter profit rises on commissions, fee growth
by Reutersby Reuters(Reuters) – Arthur J. Gallagher reported a rise in fourth-quarter adjusted profit on Thursday, as the insurer brokerage earned more commissions and fees. Resilient demand for insurance products helped its …
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Trump denies Carroll’s sexual abuse claims as defamation trial nears end
by Reutersby ReutersBy Jonathan Stempel and Luc Cohen NEW YORK (Reuters) -Donald Trump’s testimony in the writer E. Jean Carroll’s defamation case ended almost immediately after it began, with the former U.S. …
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Trump opens up lead over Biden in rematch many Americans don’t want
by Reutersby ReutersBy Jason Lange WASHINGTON (Reuters) – Donald Trump leads Democratic President Joe Biden by six percentage points in a Reuters/Ipsos poll that showed Americans are unhappy about an election rematch …
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Exclusive-US sets up channel with Israel seeking answers on civilian casualties
by Reutersby ReutersBy Humeyra Pamuk WASHINGTON (Reuters) – The United States has created a channel with Israel to discuss concerns over incidents in Gaza in which civilians have been killed or injured …
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Orsted, Eversource submit revised proposal for Sunrise Wind in NY auction
by Reutersby Reuters(Reuters) – Denmark’s Orsted said on Thursday it had submitted a new proposal with Eversource for Sunrise Wind in response to New York’s latest offshore wind solicitation. Sunrise Wind is …
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Capital One’s profit drops on higher credit loss provisions, FDIC charge
by Reutersby Reuters(Reuters) – Capital One Financial posted a 43% drop in its fourth-quarter profit on Thursday, as the credit card lender set aside more funds to cover souring loans and recorded …
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Boeing CEO ‘offered no assurance’ it would rescind 737MAX 7 exemption request, says US senator
by Reutersby ReutersWASHINGTON (Reuters) – Boeing CEO Dave Calhoun “offered no assurance” that the planemaker would withdraw its request for an exemption that would allow its 737MAX 7 jet to be certified …