(Reuters) -Air New Zealand on Thursday signalled robust customer demand for financial year 2024, after posting a large annual profit helped by a rebound in travel and lower jet fuel prices, sending it[...]
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August 23, 2023
GM to cut 940 jobs, cease IT operations in Arizona
By David Shepardson (Reuters) – General Motors said on Wednesday it will cut 940 information technology jobs in Arizona and cease IT operations in the state as it works to streamline functions a[...]
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Nvidia adds jet fuel to AI optimism with record results, $25 billion buyback
By Chavi Mehta, Max A. Cherney and Stephen Nellis (Reuters) -Nvidia far exceeded expectations with its quarterly revenue forecast on Wednesday as an artificial-intelligence boom fueled demand for its[...]
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Colombia banks call for measures to help liquidity squeeze
BOGOTA (Reuters) – Colombia’s banks have called on the country’s central bank to tackle liquidity issues amid lower-than-expected government spending and compliance with internationa[...]
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Bond investors show confidence in Schwab after cost-cutting
By Matt Tracy (Reuters) -Investors shrugged off a slump in the shares of Charles Schwab to pile into the firm’s bond offering on Tuesday, in a sign of renewed confidence in the credit fundamenta[...]
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US FCC will release public comments on bid to deny Fox TV station license renewal
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission in an unusual move on Wednesday said it would publicly release comments on a bid by an advocacy group to den[...]
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Nvidia’s forecast lifts AI stocks and Nasdaq futures
By Noel Randewich (Reuters) -Nvidia’s strong quarterly revenue forecast delivered on Wall Street’s high expectations on Wednesday, sparking gains in a range of AI-related stocks and giving[...]
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Goldman, JPMorgan, Morgan Stanley, UBS in $499 million stock lending settlement
By Jonathan Stempel NEW YORK (Reuters) -Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS have agreed to pay $499 million to settle an antitrust lawsuit by investors who accused them of conspiring[...]
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Gloomy U.S. retail outlook dulls hopes of strong holiday season spending
By Ananya Mariam Rajesh and Aishwarya Venugopal (Reuters) -Latest results and forecasts from retailers ranging from Macy’s to Foot Locker are fresh signs that U.S. consumer spending is under str[...]
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