By Pablo Mayo Cerqueiro LONDON (Reuters) -Bankers advising companies on stock market listings are hopeful that the new year will bring a recovery in initial public offerings after the U.S. Federal Res[...]
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December 21, 2023
Micron shares jump on forecast for quicker recovery in chip demand
(Reuters) -Chipmaker Micron Technology’s shares jumped 7% on Thursday after it predicted a strong recovery in the supply-demand balance for memory and flash storage in 2024. The company’s[...]
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CarMax quarterly profit overtakes estimates on cost cuts
(Reuters) -CarMax on Thursday posted a more than two-fold rise in quarterly profit to beat analyst estimates after cost cuts helped it offset lower demand for used vehicles, sending the pre-owned car[...]
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US new-vehicle sales to rise 13% in December on discounts, inventory – report
(Reuters) – U.S. new-vehicle sales are expected to rise about 13% in December from a year earlier, driven by strong discounts and vehicle availability, industry consultants J.D. Power and Global[...]
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Emerging market debt wall looks scalable as investors warm to risk
By Libby George LONDON (Reuters) – After a grim couple of years for developing countries, with rapid interest rate rises prompting a string of defaults, investors say the coming wall of debt mat[...]
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Hedge funds in hindsight: four graphs that tell the story of 2023
By Nell Mackenzie LONDON (Reuters) – Wild market swings this year caught out many global hedge funds and those trading on macro economic events felt the pain of an unexpected rebound in governme[...]
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Austin, we have a problem! Tesla descends into battery hell
By Norihiko Shirouzu and Paul Lienert AUSTIN, Texas (Reuters) – Elon Musk says prototypes are easy, production is hell. And when it comes to the long-awaited Cybertruck, Tesla’s hell is it[...]
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Crypto miner Core Scientific expects to emerge from bankruptcy in January
(Reuters) – Cryptocurrency miner Core Scientific said on Thursday it was expecting to emerge from bankruptcy in mid-to-late January, a year after it became a casualty of high-profile collapses t[...]
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Colombia’s cannabis industry in crisis over regulatory, political hurdles
By Nelson Bocanegra SUBACHOQUE, Colombia (Reuters) – More than 17 acres of land owned by a Colombian-Canadian company near Bogota were once meant to grow 25 varieties of cannabis, but over the p[...]
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