Category Archives:
Will OPEC+ announce more output cuts? Analysts have their say
(Reuters) - The Organization of the Petroleum Exporting Countries with Russia and other allies, or OPEC+, meet on June 4 to discuss whether additional oil production cuts should be implemented. The gr...
May 31, 2023
Nvidia rally: Retail investors stay out on growing slowdown worries
By Medha Singh (Reuters) - The rally in the shares of Nvidia Corp that briefly propelled its market value to the trillion-dollar club saw little participation by retail traders, data showed, the lates...
May 31, 2023
Nubank to hike Colombia investments by $160 million by 2025
BOGOTA (Reuters) - Brazilian digital bank Nubank, Latin America's biggest fintech company, will invest up to a further 700 billion pesos ($159 million) in its Colombian operations by 2025, its financi...
May 31, 2023
Advance Auto eyes record daily percentage drop after forecast cut
(Corrects day in the first paragraph to Wednesday from Thursday) NEW YORK (Reuters) -Advance Auto Parts' stock was on track for its biggest daily percentage drop since the company went public in 2001 ...
May 31, 2023
US proposes requiring automatic emergency braking in new vehicles
WASHINGTON (Reuters) - The Biden administration on Wednesday proposed requiring automatic emergency braking on all new passenger cars and light trucks and set new performance requirements. The new req...
May 31, 2023
Intel shares jump as chipmaker sees second-quarter revenue at upper end of outlook
(Reuters) - Shares of Intel Corp rose about 5% after the chipmaker's finance chief said on Wednesday that the company is on track to hit the upper end of its second-quarter revenue forecast. Semicondu...
May 31, 2023
US default probability at lowest since January – MSCI
NEW YORK (Reuters) - The probability of a U.S. default has declined to its lowest since January, according to MSCI estimates, as a debt ceiling deal gets closer to the finish line. The one-year market...
May 31, 2023
US Supreme Court rulings darken forecast for EPA powers
By Andrew Chung (Reuters) - In a span of 11 months, the U.S. Supreme Court has delivered a one-two punch against the Environmental Protection Agency's ability to combat air and water pollution in twin...
May 31, 2023
US sues West Virginia governor’s coal empire over unpaid mining penalties
WASHINGTON (Reuters) - The U.S. Justice Department has sued West Virginia Governor Jim Justice's coal empire over allegations it failed to pay around $7.6 million in environmental fines from mining vi...
May 31, 2023
IKEA stores owner Ingka buys warehouse software firm Made4Net
LONDON (Reuters) - The largest owner of IKEA stores has acquired supply chain software firm Made4Net as the Swedish furniture retailer plans a major expansion in the United States and aims to grow its...
May 31, 2023
Peoria, IL, USA
54 °F Sunny
