Category Archives:
Volkswagen CFO: Next-generation software platform to come towards 2027, 2028
BERLIN (Reuters) - Volkswagen software unit Cariad will likely bring its next generation 2.0 platform to market towards 2027 or 2028, its chief financial officer said at a Financial Times conference o...
May 11, 2023
JPMorgan CEO Jamie Dimon says bank is preparing ‘war room’ on debt ceiling
NEW YORK (Reuters) - JPMorgan Chase & CO CEO Jamie Dimon said on Thursday bank staff are meeting weekly to discuss the potential implications for clients, contracts and markets of a potential U.S. def...
May 11, 2023
Pritzker addresses Illinois’ migrant influx problem
SPRINGFIELD, Ill. — Gov. J-B Pritkzer says the state is looking for more federal assistance with the influx of asylum-seeking migrants being sent to Illinois. Pritzker says the busing of migrant...
May 11, 2023
More than 90% chance of El Niño through winter, says U.S. CPC
(Reuters) - There was a more than 90% chance of the El Nio weather phenomenon, a warming of ocean surfaces, persisting into the North Hemisphere winter, a U.S. government weather forecaster said on Th...
May 11, 2023
BoE weighs in with another rate hike as big central banks near peak
LONDON (Reuters) - Inflation is easing but major central banks remain very much in rate hike mode, with the Bank of England delivering its 12th straight interest rate increase on Thursday. Financial m...
May 11, 2023
SMIC reports 48.3% fall in Q1 net profit
SHANGHAI (Reuters) - Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on Thursday reported revenue of $1.46 billion, in line with estimates and down 20.6% from the same period ...
May 11, 2023
U.S. weekly jobless claims jump to highest level since late 2021
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits jumped last week to the highest level since late 2021, suggesting that higher interest rates were starting to weig...
May 11, 2023
Space startup partners with SpaceX to launch commercial space station
By Joey Roulette WASHINGTON (Reuters) - Vast, a startup backed by cryptocurrency billionaire Jed McCaleb, is aiming to launch a school bus-sized space station to orbit by late 2025 with some help from...
May 11, 2023
Hindenburg shorts Icahn Enterprises bonds as battle with billionaire heats up
(Reuters) -Short seller Hindenburg Research on Thursday initiated a short position in Icahn Enterprises LP bonds and said the investment firm led by billionaire Carl Icahn has failed to address every ...
May 11, 2023
Deposit outflows after SVB collapse concentrated among “super-regionals” – NY Fed study
WASHINGTON (Reuters) - The shuffling of bank deposits following the collapse of Silicon Valley Bank, which triggered concerns about a broader crisis, was largely confined to "super regional" instituti...
May 11, 2023
Peoria, IL, USA
60 °F Partly cloudy
