Category Archives:
Stellantis to base ‘around’ seven models on a fifth, low-cost platform
MEUDON, France (Reuters) - Stellantis plans to base seven models on a fifth, low-cost platform, an executive for the automaker said on Tuesday, as it prepares to compete against an expected 'flood' of...
Oct 17, 2023
Vanguard sells stake in joint venture with Ant – Bloomberg News
(Reuters) - U.S. asset management giant Vanguard Group has sold its 49% stake in a joint venture with Jack Ma-backed Ant Group Co, Bloomberg News reported on Tuesday, citing people familiar with the m...
Oct 17, 2023
US Federal Reserve to meet Oct. 24 to discuss final fair lending rule
(Reuters) - The Federal Reserve will meet Oct. 24 to discuss final rules updating requirements for fair lending by banks under a long-standing law, the central bank announced Tuesday. The pending upda...
Oct 17, 2023
Hedge funds pile into banks ahead of earnings – BofA
NEW YORK (Reuters) - Hedge funds bought U.S. stocks in all sectors last week, but mainly in financials, Bank of America said in a report on Tuesday. Hedge funds bought over $300 million in shares in t...
Oct 17, 2023
Oracle’s NetSuite adds AI features to finance software
By Stephen Nellis (Reuters) - NetSuite on Tuesday said it is adding generative artificial intelligence capabilities to its finance software, giving companies the ability to automatically write collect...
Oct 17, 2023
ASML sees no short-term impact of updated U.S. rules on China exports
AMSTERDAM (Reuters) - ASML, a major supplier of equipment to computer chip manufacturers, said on Tuesday it does not expect any short-term financial impact from newly updated guidance on U.S. restric...
Oct 17, 2023
Fed’s Barkin: Fed has time to see data before making next rate move call
By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday that the U.S. central bank still has time to decide on its next interest rate move as ...
Oct 17, 2023
Explainer-Biden’s latest China curbs are part of plan to shift chip production stateside
By Alexandra Alper WASHINGTON (Reuters) - The Biden administration's latest round of export curbs on China is part of a two-pronged strategy that aims to halt China's technological advances over fears...
Oct 17, 2023
Web Summit CEO apologises for comments on Israeli conflict
JERUSALEM (Reuters) - Web Summit Chief Executive and founder Paddy Cosgrave on Tuesday apologised for comments he made on the Israeli-Hamas conflict that prompted some technology companies and investo...
Oct 17, 2023
South Africa’s path to inflation stabilisation uncertain- cenbank
JOHANNESBURG (Reuters) - South Africa's central bank said on Tuesday that upside risks to inflation had strengthened over the past months, heightening uncertainty about a precise path for inflation. T...
Oct 17, 2023
Peoria, IL, USA
47 °F Mist
