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Fed’s Goolsbee says he is a ‘closet’ inflation optimist
By Ann Saphir (Reuters) - The U.S. central bank is on track to bring down inflation without triggering a major recession, Chicago Federal Reserve Bank President Austan Goolsbee said on Tuesday, though...
Syndicated Content Aug 01, 2023
Magnitude 5.5 earthquake strikes Ethiopia region – GFZ
(Reuters) - An earthquake of magnitude 5.5 struck the Ethiopia region on Tuesday, the German Research Center for Geosciences (GFZ) said. The quake was at a depth of 10 km (6.21 miles), GFZ said. (Repo...
Syndicated Content Aug 01, 2023
Battery maker IBC to set up plant in India’s Karnataka for nearly $1 billion
(Reuters) - International Battery Company (IBC) has signed an investment pact worth 80 billion rupees ($971.89 million) with India's southern state of Karnataka to build a battery manufacturing facili...
Syndicated Content Aug 01, 2023
Apollo leads deal for trucking firm Yellow’s bankruptcy loan – Bloomberg News
(Reuters) -Creditors led by Apollo Global Management Inc are nearing a deal to provide Yellow Corp with fresh cash during a coming bankruptcy, Bloomberg News reported, citing people familiar with the ...
Syndicated Content Aug 01, 2023
Clothiers bet on ‘cooling’ fabrics as global temps rise
By Katherine Masters NEW YORK (Reuters) - Retailers such as Macy's and Columbia Sportswear are expanding their use of "breathable" and "cooling" fabrics in a bid to boost sales as record-high temperat...
Syndicated Content Aug 01, 2023
Meta begins process to end news access in Canada
(Reuters) -Meta Platforms said on Tuesday it has begun the process to end access to news on Facebook and Instagram for all users in Canada. The decision is a fallout of a legislation passed by Canadia...
Syndicated Content Aug 01, 2023
Struggling Tupperware, Yellow join meme-stock club with rally
By Medha Singh (Reuters) - Shares of debt-ridden Tupperware Brands Corp and Yellow Corp have been on a tear as retail traders dip back into financially weak "meme stocks". U.S. trucking company Yellow...
Syndicated Content Aug 01, 2023
TSMC leads in advanced chip packaging wars, LexisNexis patent data says
By Max A. Cherney (Reuters) - Taiwanese chipmaker TSMC has developed the most expansive arsenal of patents surrounding advanced chip packaging, followed by Samsung Electronics and then Intel, accordin...
Syndicated Content Aug 01, 2023
Oppenheimer strategist projects S&P 500 will eclipse record high by year end
By Lewis Krauskopf NEW YORK (Reuters) - Oppenheimer Asset Management on Tuesday projected the S&P 500 would rise above its record high by year end, the latest Wall Street firm to grow more bullish on ...
Syndicated Content Aug 01, 2023
Goldman Sachs’ head of partner family office Opoku to leave -memo
NEW YORK (Reuters) - A senior Goldman Sachs executive, who oversaw the firm's office that manages the wealth of its partners and senior executives, is leaving the company after two decades, according ...
Syndicated Content Aug 01, 2023
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