By Stephen Culp NEW YORK (Reuters) -U.S. stocks tumbled on the last trading day in January after the Federal Reserve held interest rates steady while dashing hopes for interest rate cut as soon as Mar[...]
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January 31, 2024
Investors punish Microsoft, Alphabet as AI returns fall short of lofty expectations
By Jeffrey Dastin and Samrhitha A (Reuters) -Tech giants on Tuesday talked up how customers are lapping up their generative AI-powered products, but mounting costs of developing the cutting-edge featu[...]
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Fed seen starting rate cuts in May, not March, after Powell comments
(Reuters) -Traders on Wednesday dumped bets the Federal Reserve will begin a series of interest-rate cuts as soon as March after Fed Chair Jerome Powell said that timing was not likely, and now are be[...]
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Tesla sued by California counties over hazardous waste
By Clark Mindock (Reuters) – A group of 25 California counties have sued Elon Musk’s Tesla, claiming the electric vehicle maker mishandled hazardous waste at its facilities across the stat[...]
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Dollar rebounds as Fed’s Powell sees March rate cut as unlikely
By Karen Brettell NEW YORK (Reuters) – The dollar gained on the euro and pared losses against the yen on Wednesday after Federal Reserve Chair Jerome Powell said that a rate cut in March was not[...]
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Boeing is sued by shareholders following MAX 9 blowout
By Jonathan Stempel NEW YORK (Reuters) – Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, pr[...]
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Analysis-GM’s Cruise faces long road back to city streets in wake of safety review
By Greg Bensinger SAN FRANCISCO (Reuters) – General Motors’ Cruise self-driving car unit faces a trip that could last the better part of this year to convince regulators and a wary public[...]
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Fed holds rates steady, says more confidence needed in inflation slowdown
NEW YORK (Reuters) -The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months in a policy statement that tempered inflation concerns w[...]
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Oil settles lower on faltering China economy, US crude stock build
By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday, pressured by low economic activity in leading crude importer China and a surprise build in U.S. crude inventories as producers rampe[...]
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