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GM to invest over $1 billion in Flint plants to boost truck production
(Reuters) - General Motors Co said on Monday it plans to invest more than $1 billion in two of its manufacturing sites in Flint, Michigan, as it looks to ramp up production of its internal combustion ...
Syndicated Content Jun 05, 2023
ECB’s Lagarde sees no peak in core inflation despite ‘moderation’
FRANKFURT (Reuters) - European Central Bank President Christine Lagarde on Monday acknowledged "signs of moderation" in core inflation in the euro zone but reaffirmed it was too early to call a peak i...
Syndicated Content Jun 05, 2023
US Supreme Court takes up dispute over ‘Trump Too Small’ trademark
By Blake Brittain WASHINGTON (Reuters) - The U.S. Supreme Court on Monday agreed to consider whether a California attorney's federal trademark for the phrase "Trump Too Small" - a cheeky criticism of ...
Syndicated Content Jun 05, 2023
Canada home prices set to recover as demand stays strong: Reuters poll
By Milounee Purohit BENGALURU (Reuters) - Average home prices in Canada are set to fall around 9% this year and then rise into 2024 and beyond as buyers bet interest rates have already peaked alongsid...
Syndicated Content Jun 05, 2023
Armani tests sustainable cotton production in Italy
MILAN (Reuters) - Luxury fashion house Armani Group has started an experimental agroforestry plantation in southern Italy to test new ways to produce cotton sustainably, it said on Monday. Armani said...
Syndicated Content Jun 05, 2023
Apple shares hit all-time high ahead of developer conference
(Reuters) - Apple Inc's shares on Monday hit a record high for the first time in 17 months, as the stock got a boost ahead of its annual software developer conference where it is expected to launch a ...
Syndicated Content Jun 05, 2023
China’s top investment bank CITIC cuts base salary by up to 15% -sources
HONG KONG/BEIJING (Reuters) -China's CITIC Securities is cutting pay across its investment banking division, lowering base salaries by up to 15%, two sources said, in a rare move in the country's fina...
Syndicated Content Jun 05, 2023
Spotify to lay off 200 workers in podcast division
(Reuters) - Spotify Technology SA said on Monday it would lay off 200 employees in its podcast division, representing about 2% of the audio streamer's worldwide workforce. The company has resorted to ...
Syndicated Content Jun 05, 2023
US equity funds draw first weekly inflow in 10 weeks
(Reuters) - U.S. equity funds received their first weekly inflow in ten weeks in the week to May 31 on optimism that lawmakers would agree to raise the nation's debt limit to avert a default. Accordin...
Syndicated Content Jun 05, 2023
Morgan Stanley sees slump in US earnings in 2023, sharp rebound next year
(Reuters) - Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a sharp rebound in 2024 when analysts say the Federal Reserve's policy will become more accommodat...
Syndicated Content Jun 05, 2023
Peoria, IL, USA
53 °F Sunny
