By Stephen Culp NEW YORK (Reuters) -U.S. stocks eked out modest gains on Friday and all three indexes posted another weekly advance as investors parsed comments from Federal Reserve officials and look[...]
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May 10, 2024
US Postal Service wants 25% price hike for high-volume package shipping
By David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service on Friday said it is seeking an average 25% price hike for high-volume shippers to enter packages for regional delivery through[...]
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Microsoft hit with $242 million US verdict in Cortana patent lawsuit
By Blake Brittain (Reuters) – Microsoft must pay patent owner IPA Technologies $242 million, a federal jury in Delaware said on Friday after determining that Microsoft’s Cortana virtual-as[...]
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Global stocks rally, Europe at record highs, dollar gains
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -A rally in global equity markets lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank in[...]
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Oil falls on prospect of higher-for-longer US rates, stronger dollar
By Laila Kearney NEW YORK (Reuters) -Oil prices fell by nearly $1 a barrel on Friday as comments from U.S. central bank officials indicated higher-for-longer interest rates, which could hinder demand[...]
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Chinese EV maker Zeekr soars nearly 35% in stellar US market debut
By Niket Nishant, Echo Wang and Sarah Wu (Reuters) -Zeekr’s shares rose almost 35% above their initial public offering price on Friday in a strong start for the electric-vehicle maker, the first[...]
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China’s push for greener aluminium hit by erratic rains, power cuts
BEIJING (Reuters) – Erratic rainfall in China’s southwest is frustrating a multibillion-dollar push to green an aluminium industry that accounts for almost 60% of global output and, by som[...]
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US Treasury’s Yellen says Congress should act on nonbank mortgage sector
(Reuters) – U.S. Treasury Secretary Janet Yellen on Friday called for Congress to give regulators more power to oversee the growing nonbank mortgage industry, which she said presented unique ris[...]
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US discussed ‘overcapacity’ in Chinese solar manufacturing, coal in climate talks
By Valerie Volcovici WASHINGTON (Reuters) – The United States and China discussed Chinese overcapacity in solar and battery manufacturing, steel production and coal power during two days of bila[...]
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