SINGAPORE (Reuters) – Goldman Sachs’ analysts no longer expect a U.S. interest rate cut in May and see four 25 basis point cuts this year, as policymakers’ rhetoric suggests they are[...]
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February 23, 2024
S&P 500, Dow surge to record closing highs as Nvidia sparks AI frenzy
By David French (Reuters) -The S&P 500 and Dow Jones Industrial Average both surged to record closing highs on Thursday, powered by investors piling into growth and technology stocks the day after[...]
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GM’s Cruise to resume robotaxi tests on city roads in coming weeks, Bloomberg reports
(Reuters) -General Motors’ self-driving car unit Cruise is preparing to resume testing its robotaxis on public roads with safety drivers in the coming weeks, with Houston and Dallas as potential[...]
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AT&T restores service after hours of outage
By Aditya Soni and David Shepardson (Reuters) -AT&T said late on Thursday an outage that disrupted calls and text messages for thousands of U.S. users and prompted federal investigations was not c[...]
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Brazil’s Vale fourth-quarter profit falls 35% on higher provisions over dam accident
SAO PAULO (Reuters) -Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco[...]
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Dollar dips, data stays in focus for Fed clues
By Karen Brettell NEW YORK (Reuters) – The dollar index dipped on Thursday but came off of a three-week low as investors waited on new data catalysts for clues on when the U.S. Federal Reserve i[...]
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Spirit says it is unable to estimate impact of 737 MAX 9 incident
(Reuters) – Fuselage maker Spirit AeroSystems said on Thursday it was unable to reasonably estimate the financial impact of an incident last month that led to a temporary grounding of Boeing 737[...]
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Tequila giant Becle’s profit jumps despite slowing demand
By Sarah Morland and Marion Giraldo MEXICO CITY (Reuters) -Mexican distiller Becle, the world’s largest tequila producer, on Thursday posted a 41% rise in its net profit for the last three month[...]
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Argentina president to push bill penalizing cenbank financing of treasury
BUENOS AIRES (Reuters) – Argentine President Javier Milei said on Thursday he will propose a bill to penalize the central bank from financing the nation’s treasury. Milei, speaking in an i[...]
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