Category Archives:
Goldman Sachs says bitcoin will compete with gold as “store of value”
LONDON (Reuters) - Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Goldman Sachs analyst Zach Pandl said in a research note to clients. Citing bitco...
Jan 05, 2022
India asks Xiaomi to pay $88 million in import taxes it found it evaded
NEW DELHI (Reuters) - India on Wednesday said it had asked the local unit of Chinese smartphone giant Xiaomi to pay 6.53 billion rupees ($87.80 million) in import taxes after an investigation found th...
Jan 05, 2022
Factbox-Wall Street analysts’ 2022 outlook for S&P 500
(Reuters) - Wall Street analysts have rolled out their predictions for U.S. equity markets in 2022. The benchmark S&P 500 index rose about 27% in 2021. It closed at 4,793.54 on Tuesday. Here is a summ...
Jan 05, 2022
BHP to adapt Chile copper mine after court ruling on water usage
SANTIAGO (Reuters) - BHP said it will adapt its Cerro Colorado copper mine in Chile to lessen the impact of a recent court ruling that prevents it from drawing water for its operations, while it waits...
Jan 05, 2022
Facebook owner Meta seeks to appeal UK ruling on Giphy
LONDON (Reuters) - Facebook owner Meta has applied to be able to appeal a ruling by a British competition watchdog that it must sell popular animated images platform Giphy. The Competition and Markets...
Jan 05, 2022
U.S. lawmakers weigh new COVID-19 stimulus funding -report
WASHINGTON (Reuters) - U.S. lawmakers are discussing another possible round of COVID-19 stimulus spending for businesses, seeking to blunt the impact of the fast-spreading Omicron variant, the Washing...
Jan 05, 2022
Citigroup sees S&P 500 breaching 5,000-mark by year-end on robust earnings
(Reuters) - Citigroup analysts on Wednesday raised their S&P 500 price target for the end of 2022, estimating it to breach the 5,000 level for the first time, as the brokerage expects strong corporate...
Jan 05, 2022
Mexican teen develops app to help deaf sister communicate
By Kylie Madry NEZAHUALCOYOTL, Mexico (Reuters) - Estrella Salazar, a 17-year-old science whiz from a working-class town near Mexico City, was inspired by her sister to develop an app to help deaf and...
Jan 05, 2022
Tree touching PG&E power line sparked California’s Dixie wildfire, investigation finds
(Reuters) - California's second largest ever wildfire, which scorched just under 100,000 acres last year, was sparked by a tree coming in contact with cables operated by Pacific Gas and Electric power...
Jan 05, 2022
Futures subdued as tech stocks extend fall; Fed minutes awaited
By Devik Jain (Reuters) - U.S. stock index futures were subdued on Wednesday ahead of minutes from the Federal Reserve's December meeting, even as big technology stocks continued to fall, with Salesfo...
Jan 05, 2022
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