By Aditya Soni and David Shepardson (Reuters) -AT&T said late on Thursday an outage that disrupted calls and text messages for thousands of U.S. users and prompted federal investigations was not c[...]
Read more
NEWSLETTER
Dollar edges down as Fed meeting minutes meet expectations
By Karen Brettell NEW YORK (Reuters) -The dollar index edged lower on Wednesday after minutes from the Federal Reserve’s January meeting came in largely as expected and showed that the bulk of policym[...]
Read more
US Supreme Court won’t review Apple’s win against $503 million patent verdict
By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday declined to hear patent-licensing company VirnetX’s bid to revive a $502.8 million jury verdict it won against Ap[...]
Read more
Dollar steady after producer prices push back on Fed rate cut outlook
By Gertrude Chavez-Dreyfuss and Herbert Lash NEW YORK (Reuters) -The dollar retreated on Friday amid concerns about the strength of the U.S. economy after higher-than-expected producer prices raised e[...]
Read more
Citi Sees 5% Dollar Jump if Trump Clean Sweeps U.S. Election
By Marc Jones LONDON (Reuters) – Analysts at investment bank Citi have predicted a 5% jump in the dollar and a selloff in bond markets if a Donald Trump-led Republican Party clean sweeps the U.S[...]
Read more
Tower Semiconductor’s Q4 revenue drops on softening demand for auto chips
(Reuters) -Israel-based contract chipmaker Tower Semiconductor posted a decline in its fourth-quarter revenue on Wednesday, hurt by uncertainty in demand from the automotive sector. The company said t[...]
Read more
GlobalFoundries forecasts hit as chip customers seek advanced processes, clear inventory
(Reuters) -GlobalFoundries forecast its first quarter below market estimates on Tuesday, as some customers continue to clear excess chip inventory while others opt for more advanced manufacturing proc[...]
Read more
Marketmind: 5,000 Reasons for Optimism
A look at the day ahead in U.S. and global markets by Amanda Cooper. The S&P 500 has finally broken the magic 5,000-level and just as the fourth-quarter results season winds down. The fairly hefty[...]
Read more
Exclusive-Conoco Emerges as Surprise Bidder in Historic Citgo Share Auction
By Marianna Parraga and Gary McWilliams HOUSTON (Reuters) – A U.S. court auction weighing the fate of Venezuela-owned oil refiner Citgo Petroleum has received bids using claims in lieu of cash,[...]
Read more