By Stephen Nellis and Max A. Cherney (Reuters) -Qualcomm on Wednesday forecast fiscal second-quarter profit slightly above Wall Street estimates and sales in line with market expectations but investor[...]
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January 31, 2024
MetLife Q4 adjusted profit rises on higher premiums, investment income
(Reuters) – Insurer MetLife reported a rise in fourth-quarter adjusted profit on Wednesday, bolstered by higher premiums and strong returns from investments. The insurance industry is typically[...]
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Fed plans ‘in-depth’ talks on balance sheet run-off in March: Powell
By Michael S. Derby NEW YORK (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Wednesday that officials have begun discussing what it would take for them to stop the ongoing run-off o[...]
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Tesla to bring LFP battery supply chain to US – Bloomberg News
(Reuters) -Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wedne[...]
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Wolfspeed forecasts dour quarterly revenue on weak demand for its semiconductors
(Reuters) – Chipmaker Wolfspeed forecast third-quarter revenue below estimates on Wednesday, as slower sales growth for electric vehicles hurt demand for its semiconductors used in them, sending[...]
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Argentina’s Milei seeks Tinder hook-up with global Big Tech
BUENOS AIRES (Reuters) – Argentina’s libertarian President Javier Milei is seeking a hook-up through Tinder: with global Big Tech. The former economist pundit posted on Wednesday that he h[...]
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ADM closes on flavor company purchase amid accounting probe
By P.J. Huffstutter CHICAGO (Reuters) – Global grains merchant Archer-Daniels-Midland Co on Wednesday closed on its purchase of Fuerst Day Lawson Ltd (FDL), a U.K.-based company that develops fl[...]
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Marketmind: Fed dashes March cut hopes, market fallout begins
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. While Asia’s beaten down stock markets could use a clean slate in February they must first contend with Wall Street[...]
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Federal Reserve expands investing restrictions to more of top staff
By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve on Wednesday announced changes to its nearly two-year-old ethics system, expanding who is covered by it as well as enhancing how the Fed can[...]
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