By David Shepardson WASHINGTON (Reuters) -The White House on Friday touted the U.S. government’s plan to spend $11 billion on semiconductor-related research and development and said it was launc[...]
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February 9, 2024
Mixed US consumer price revisions leave slowing inflation trend intact
By Lucia Mutikani WASHINGTON (Reuters) – U.S. monthly consumer prices rose less than initially thought in December, but the overall inflation revisions were mixed, and did not shift expectations[...]
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Bitcoin surges in biggest weekly rally in four months
By Amanda Cooper and Alun John LONDON (Reuters) -Bitcoin rose 5% on Friday to one-month highs, powered by what analysts said was a flurry of buying ahead of April’s halving event and as recent o[...]
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ASML’s next chip challenge: rollout of its new $350 million ‘High NA EUV’ machine
By Toby Sterling VELDHOVEN, Netherlands (Reuters) – Chip toolmaking giant ASML said on Friday it was gearing up production of its new $350 million “High NA EUV” machine, a device the[...]
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Amazon steers consumers to higher-priced items, lawsuit claims
By Jonathan Stempel (Reuters) – Amazon.com was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppe[...]
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Analysis-Boeing strikes conciliatory tone with suppliers amid 737 MAX crisis
By Valerie Insinna SEATTLE (Reuters) – Boeing executives extended an olive branch to the company’s strained supply chain this week to help them deal with the fallout of the latest 737 MAX[...]
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Enbridge says Canada oil pipeline congestion may continue even once TMX starts
By Nia Williams and Tanay Dhumal (Reuters) -Growing Canadian oil production means shipper volumes may still be rationed on the Enbridge Inc Mainline pipeline system even once the Trans Mountain Expans[...]
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PepsiCo signals demand hit from price hikes with rare sales decline
By Ananya Mariam Rajesh (Reuters) -PepsiCo on Friday reported a surprise drop in quarterly sales and forecast a sharp slowdown in organic revenue growth for 2024 as multiple price hikes weigh on deman[...]
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Big investor in German bank PBB trims stake as real-estate worries swirl
By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -A top investor in Deutsche Pfandbriefbank (PBB) has cut its stake in the lender as its shares and bonds come under pressure on concerns over its[...]
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