By Stella Qiu SYDNEY (Reuters) – Australian consumer prices rose by more than expected in April on a jump in fuel prices and strong gains in housing, suggesting sticky inflation will likely keep[...]
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May 31, 2023
S.Korea April factory output falls, retail sales drop most in 5 months
SEOUL (Reuters) -South Korea’s factory production and retail sales fell in April, underscoring another tough quarter after the economy narrowly averted a recession in the first three months of t[...]
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Nvidia CEO Jensen Huang: Leather-jacketed boss of trillion-dollar chip firm
By Yuvraj Malik, Samrhitha A and Stephen Nellis (Reuters) -When the pandemic forced Nvidia Corp to hold a major product launch virtually, CEO Jensen Huang beamed video to promote the event from his ki[...]
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US House committee votes to advance debt ceiling bill
WASHINGTON (Reuters) – A bill to suspend the $31.4 trillion U.S. debt ceiling and avert a disastrous default advanced on Tuesday when a key House of Representatives committee voted to send it to[...]
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China was top market for Tesla Model Y, world’s best-selling car in Q1
By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) – China was the biggest market for Tesla’s Model Y electric sport utility vehicles, helping it become the world’s top selling[...]
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HP misses revenue estimates as inflation saps PC demand
(Reuters) – HP Inc missed Wall Street targets for second-quarter revenue on Tuesday as inflation-hit customers spent less on the company’s personal computers, sending its shares down nearl[...]
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Shares close mixed, Nvidia’s 3% rise offsets debt ceiling jitters
By Herbert Lash and Shreyashi Sanyal (Reuters) -Stocks on Wall Street closed mixed on Tuesday, pressured by worries about U.S. lawmakers opposed to a deal to raise the $31.4 trillion debt ceiling, but[...]
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Illumina CEO survived Icahn’s challenge by more than 2-to-1 margin
By Svea Herbst-Bayliss NEW YORK (Reuters) – Illumina Inc CEO Francis deSouza survived a challenge to his board seat from activist investor Carl Icahn last week by securing more than twice the sh[...]
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Nvidia briefly joins $1 trillion valuation club
By Akash Sriram and Samrhitha A (Reuters) – Nvidia Corp briefly joined an elite club of U.S. companies sporting a $1 trillion market value on Tuesday, as investors piled into the chipmaker that[...]
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