By David Shepardson WASHINGTON (Reuters) -The U.S. Senate Commerce Committee on Thursday said it would hold a March 8 hearing on efforts by the Federal Aviation Administration (FAA) to reform how it c[...]
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March 2, 2023
Best Buy signals more pain for electronics retailers with muted profit forecast
By Uday Sampath Kumar (Reuters) -Best Buy Co Inc on Thursday joined peers with a cautious annual earnings forecast as uncertainty over the U.S. economic outlook tempers expectations for a recovery in[...]
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Macy’s gives upbeat profit forecast amid retail gloom, shares surge
By Ananya Mariam Rajesh (Reuters) -Macy’s Inc beat estimates for holiday quarter results and forecast annual profit largely above expectations as the department store operator looks to rein in p[...]
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Bostic: Quarter-point US rate increases best to limit risk to economy
By Howard Schneider WASHINGTON (Reuters) – The impact of higher U.S. interest rates on the economy may only begin to “bite” in earnest this spring, an argument for the Federal Reserv[...]
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Stocks gain as yields cool from earlier highs
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rose on Thursday as Treasury yields retreated from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic ab[...]
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Activist investor Dan Loeb builds passive stake in AMD
By Svea Herbst-Bayliss (Reuters) -Billionaire investor Daniel Loeb on Thursday told investors in his hedge fund Third Point that the firm has invested in microchip company Advanced Micro Devices, or A[...]
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U.S. losing revenue from crypto mining fueled by federal gas -watchdog report
(Reuters) – Some oil and gas drillers operating on U.S. public lands are diverting natural gas to power cryptocurrency mining operations without paying federal royalties, according to a governme[...]
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Wall St stocks, dollar power higher despite rate fears
By Lawrence Delevingne and Marc Jones (Reuters) -Global stock markets gained on Thursday, reversing earlier losses, as investors weighed indicators of economic strength with rising bond market costs a[...]
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Google ‘Incognito’ users lose appeal to sue for damages as class
By Mike Scarcella (Reuters) – Consumers suing Alphabet Inc’s Google LLC over its data collection practices have lost their early appeal to pursue money damages as a class action seeking bi[...]
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