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Royal Bank of Canada second-quarter profit drops on higher provisions
(Reuters) - Royal Bank of Canada reported a drop in second-quarter profit on Thursday, as tough economic conditions spurred the lender into building higher provisions to prepare for more borrowers fal...
Syndicated Content May 25, 2023
Virgin Galactic set for first spaceflight in nearly two years
By Joey Roulette WASHINGTON (Reuters) - Virgin Galactic , the space tourism firm founded by Richard Branson, is set to launch its first spaceflight mission in nearly two years on Thursday, a final pla...
Syndicated Content May 25, 2023
Stellantis invests in US start-up Lyten to develop lithium-sulfur batteries
MILAN (Reuters) - Stellantis has invested in Lyten to help the U.S. startup develop applications for lithium-sulfur EV batteries, lightweight composites and on-board sensing solutions, the two compani...
Syndicated Content May 25, 2023
Analysis-Can Ron DeSantis take his Miami miracle national in 2024?
By James Oliphant MIAMI (Reuters) - As he toured the country before the formal announcement of his presidential bid on Wednesday, Florida Governor Ron DeSantis regaled crowds with the story of his sur...
Syndicated Content May 25, 2023
Marketmind: AAA fears vie with AI frenzy
A look at the day ahead in U.S. and global markets from Mike Dolan Two of the year's dominant themes vied for investor attention overnight as the debt ceiling impasse threatened the U.S. government's ...
Syndicated Content May 25, 2023
Meituan returns to profit as Q1 revenue beats estimates
By Casey Hall SHANGHAI (Reuters) -Chinese food delivery giant Meituan on Thursday reported a return to net profit in the first quarter on forecast-beating revenue as it fended off competition from riv...
Syndicated Content May 25, 2023
Nvidia close to becoming first trillion-dollar chip firm after stellar forecast
By Aditya Soni (Reuters) - For Nvidia Corp, the boom in generative artificial intelligence (AI) is everything, everywhere, all at once. The chip designer's shares extended their rally this year on Thu...
Syndicated Content May 25, 2023
CIBC posts lower second-quarter profit on loan loss provisions
(Reuters) -CIBC reported a decline in second-quarter profit on Thursday, as the Canadian lender set aside higher provisions to prepare for soured loans due to a challenging economy. The results follow...
Syndicated Content May 25, 2023
Embraer backs jet engine maker Pratt & Whitney
By Tim Hepher LISBON (Reuters) - Brazil's Embraer voiced "full support" for Pratt & Whitney as it battles durability problems on its latest jet engines, but said a separate business tussle with engine...
Syndicated Content May 25, 2023
EU watchdog calls for curbing leverage in crypto trading
FRANKFURT (Reuters) - European Union authorities should curb leveraged bets on crypto assets by introducing limits for investment funds, exchanges and other firms to stop shocks in that industry from ...
Syndicated Content May 25, 2023
Peoria, IL, USA
60 °F Partly cloudy
