Category Archives:
Broadcom forecasts current-quarter revenue above estimates on cloud strength
(Reuters) - Broadcom Inc forecast current-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for chips used in data centers and networking equipment. Companies are increa...
Dec 08, 2022
U.S. utilities to triple battery storage capacity by 2025 -EIA
(Reuters) - Power utilities in the United States could triple their battery storage capacity in the coming three years, as new projects grow bigger while wind and solar capacity expand, the U.S. Energ...
Dec 08, 2022
Lululemon says inventories surged in third quarter
(Reuters) -Lululemon Athletica Inc said on Thursday inventories surged in the third quarter as consumers pulled back on spending. The athleisure apparel maker's shares were down 10% in extended tradin...
Dec 08, 2022
New York Fed taps insurance exec for new second in command
By Michael S. Derby NEW YORK (Reuters) - The New York Federal Reserve has tapped an insurance industry executive as second in command to President John Williams, a role in which there has been recent ...
Dec 08, 2022
New York mayor pledges to boost city’s housing by 500,000 units
By Tyler Clifford NEW YORK (Reuters) - New York City's Mayor Eric Adams on Thursday unveiled a plan to boost its housing supply by 500,000 dwellings over the next decade by easing regulations for home...
Dec 08, 2022
Yellen says U.S. listening to Europe’s concerns over new climate law
FORT WORTH, Texas (Reuters) - U.S. Treasury Secretary Janet Yellen on Thursday said the Biden administration was listening to concerns raised by European allies over the U.S. Inflation Reduction Act, ...
Dec 08, 2022
U.S. can avoid recession, Yellen says
FORT WORTH, Texas (Reuters) - The United States can avoid recession, given that there is no wage-price spiral and supply chain bottlenecks are starting to ease, U.S. Treasury Secretary Janet Yellen sa...
Dec 08, 2022
Blinken says he spoke to sister of detained American Whelan
(Reuters) - U.S. Secretary of State Antony Blinken said he had spoken on Thursday to the sister of Paul Whelan, the ex-U.S. Marine who is being detained in Russia, on the same day that a prisoner swap...
Dec 08, 2022
U.S. SEC advises public companies on disclosing crypto impacts
WASHINGTON (Reuters) - The U.S. securities regulator on Thursday warned public companies to examine whether they need to disclose to investors any potential impacts from recent market volatility and b...
Dec 08, 2022
Bank of Mexico hiking cycle seen ending with key rate at 11% -Franklin Templeton
MEXICO CITY (Reuters) - Mexico's central bank's monetary policy tightening cycle will likely end in the first half of 2023 with the benchmark interest rate at 11%, before policymakers start to gradual...
Dec 08, 2022
Peoria, IL, USA
67 °F Light Rain
