HOUSTON (Reuters) – Chevron has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico field under extreme subsea pressures, the energy company said on Monday. Its[...]
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August 12, 2024
Shrinking cash cushions may pinch US consumer spending, SF Fed report says
By Ann Saphir (Reuters) – Middle- and low-income U.S. families now have significantly fewer liquid resources like bank deposits than they were on track to have before the disruptions of the COVI[...]
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Porsche Holding in group taking stake in Greyhound owner Flix
By Ludwig Burger FRANKFURT (Reuters) -Porsche Automobil Holding SE said on Monday it is part of an investor group that is taking a 35% stake in Flix SE, owner of Greyhound services in North America an[...]
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Hedge funds retrench on risk, fearful of increased volatility
By Carolina Mandl NEW YORK (Reuters) -Portfolio managers at hedge funds have retrenched from some of their riskier positions after a volatile week for markets. A brutal selloff and recovery in global[...]
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US government ends probes into Muddy Waters’ Carson Block, sources say
By Svea Herbst-Bayliss and Chris Prentice NEW YORK (Reuters) – U.S. authorities have told Carson Block that they have ended their civil and criminal investigations into the short seller’s activi[...]
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US consumer medium-term inflation expectations drop
(Reuters) – U.S. consumers’ medium-term inflation expectations eased substantially in July even as their near- and longer-term outlooks for price pressures held steady, although households[...]
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Elliott seeks to install Cohn on Starbucks board, sources say
(Reuters) -Activist investor Elliott Investment Management is seeking to add Jesse Cohn, an equity and managing partner in the firm, to the Starbucks board, sources said. The coffee house chain and th[...]
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Crypto exchange FTX ordered to pay $12.7 billion to customers, US CFTC says
(Reuters) -A U.S. court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7 billion in relief to its customers, the Commodity Futures Trading Commission said on Thursday. FTX drew customers[...]
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Musk embraces Trump and scorns subsidies. But Tesla still lobbies for US benefits
By Chris Kirkham (Reuters) – When Elon Musk endorsed Donald Trump for president last month, the Tesla founder and chief executive backed a candidate who vows to “drill, baby, drill,”[...]
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