By Miguel Lo Bianco BUENOS AIRES (Reuters) – Anahí Robledo feeds 50 families each day at the community kitchen she runs in a poor neighborhood on the outskirts of Buenos Aires, struggling with t[...]
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June 14, 2023
US patent tribunal sides with Intel again in $2.2 billion VLSI case
By Blake Brittain (Reuters) – A U.S. Patent Office tribunal ruled for Intel Corp on Tuesday on the chipmaking giant’s bid to invalidate a patent that represented $1.5 billion of a $2.18 bi[...]
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Argentina annual inflation hits 114% but monthly rate slows unexpectedly
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s annual inflation rate topped 114% in May, but in a silver lining for the embattled South American country the monthly rise came in well[...]
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US appeals court revives Prudential shareholder case
By Jody Godoy (Reuters) – A U.S. appeals court on Tuesday partly revived a shareholder lawsuit against Prudential Financial Inc alleging the insurer concealed a shortfall with its individual lif[...]
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The Fed’s stages of inflation grief, in Powell’s words
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve policymakers reached a milestone on Wednesday when they left the U.S. central bank’s benchmark overnight interest rate steady for[...]
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Instant View: Still-hawkish Fed pauses rate tightening after 10 straight hikes
NEW YORK (Reuters) – The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage[...]
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Charles Schwab forecasts up to 11% drop in second-quarter revenue
By Sri Hari N S (Reuters) -Charles Schwab expects its second-quarter revenue to drop by 10% to 11% due to a contraction in its net interest margin and softer trading activity, the brokerage firm said[...]
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Tech Mahindra sub must face claims of bias against non-South Asian workers
By Daniel Wiessner (Reuters) – A U.S. appeals court on Wednesday revived a lawsuit by a white former employee of Indian IT services company Tech Mahindra Ltd’s U.S. subsidiary, alleging th[...]
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Oil drops 1.5% as Fed projects more rate hikes this year
By Arathy Somasekhar HOUSTON(Reuters) – Oil prices fell 1.5% on Wednesday after the U.S. Federal Reserve projected more interest rate hikes this year, worrying markets about demand just hours af[...]
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