By Arsheeya Bajwa (Reuters) – Broadcom surged about 15% on Thursday as its upbeat annual forecast highlighted insatiable demand for chips used in powering AI-focused technology, while its announ[...]
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June 13, 2024
US producer prices unexpectedly fall in May
WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in May amid lower energy costs, another indication that inflation was subsiding after surging in the first quarter. The producer pri[...]
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US job market resembling pre-pandemic environment, Yellen says
(Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said the U.S. employment picture increasingly resembles the job market that existed prior to the COVID-19 pandemic, and slowing wage[...]
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NHIndustries signs 600 million euro NATO deal for helicopter upgrade
ROME (Reuters) – NHIndustries has signed a contract worth more than 600 million euros ($648.18 million) with the NATO helicopter management agency (NAHEMA) to develop an upgrade of the NH90 mili[...]
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Renault sets sights on sporty EVs for profit boost
By Gilles Guillaume PARIS (Reuters – French automaker Renault presented an electric sports car on Thursday, the first in a planned range of premium EVs, which could help it fight off looming com[...]
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In new forecasts, Fed appears to bow out of the election cycle
(Reuters) -The U.S. Federal Reserve may have just ducked out of the presidential campaign spotlight with a fresh set of forecasts showing no interest rate cuts are likely until after Election Day. Cen[...]
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Tesla expects to raise price of China-made cars in EU after duty increase
BERLIN (Reuters) -Tesla expects to increase the price of its Model 3 because of European Union import duties on electric vehicles (EVs) made in China, the carmaker said on its website on Thursday. The[...]
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Foreign credit card transactions add scarce dollars to Venezuela circulation
By Mayela Armas CARACAS (Reuters) – Transactions paid with foreign credit cards are helping circulate more foreign currency in Venezuela, where the government has locked in an exchange rate as p[...]
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3M to transfer about $2.5 billion of US pension obligations to Met Tower Life Insurance
(Reuters) – 3M said on Thursday it would transfer about $2.5 billion of its U.S. pension payment obligations and related plan assets for nearly 23,000 U.S. retirees and beneficiaries to Metropol[...]
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