Category Archives:
Best Buy forecasts profit below estimates as electronics demand weakens
(Reuters) -Top U.S. electronics retailer Best Buy Co Inc on Thursday joined peers with a cautious annual earnings forecast as uncertainty over the U.S. economy tempers expectations for a recovery in d...
Mar 02, 2023
Biden admin offers $1.2 billion for distressed, shut nuclear plants
WASHINGTON (Reuters) - The Biden administration said on Thursday it is offering a fresh round of $1.2 billion in aid to extend the life of distressed nuclear power plants which, for the first time, co...
Mar 02, 2023
Elon Musk’s ‘Master Plan’ for Tesla fails to charge up investors
(Reuters) - Tesla Inc's shares fell 6% premarket on Thursday, after Chief Executive Elon Musk and team's four-hour presentation failed to impress investors waiting for an affordable electric vehicle a...
Mar 02, 2023
Alibaba and Ant venture to launch RISC-V chips for payments
SHANGHAI (Reuters) - Alibaba Group Holding's chip unit T-Head and Alipay, the payment service under Alibaba's financial affiliate Ant Group, will release computing chips for secure payments based on t...
Mar 02, 2023
Russia to extend capital controls amid continued economic pressure
MOSCOW (Reuters) - Russia's central bank will extend capital controls on cash withdrawals of foreign currency and transfers abroad, Governor Elvira Nabiullina said on Thursday, amid continued pressure...
Mar 02, 2023
Toronto-Dominion’s first-quarter profit rises
(Reuters) - Toronto-Dominion Bank on Thursday posted higher quarterly profit, lifted by strong performance in its Personal and Commercial Banking business in Canada. The lender's adjusted net income w...
Mar 02, 2023
Macy’s forecasts upbeat annual profit, shares surge
(Reuters) -Macy's Inc forecast full-year profit largely above Wall Street estimates on Thursday, as the department store operator looks to cut back on promotions to protect its margins. Shares of the ...
Mar 02, 2023
Vespa maker Piaggio upbeat on 2023 after record results last year
(Reuters) - Italian motorbike and scooter maker Piaggio said on Thursday it was confident about its 2023 targets despite a challenging macroeconomic and geopolitical backdrop, after posting record res...
Mar 02, 2023
Aluminium open interest, volume on CME hit record high in February
(Reuters) - Aluminium futures on the Chicago Mercantile Exchange hit record average daily volumes in February, a four-fold jump compared to a year ago, and open interest also reached historic highs, t...
Mar 02, 2023
S&P 500, Nasdaq futures slip as yields stay high, Tesla slides
(Reuters) - Futures tracking the S&P 500 and Nasdaq fell on Thursday as the 10-year Treasury yield held above 4% on bets of tighter monetary policy for a longer period, while Tesla sank after it gave ...
Mar 02, 2023
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