By Alexandra Alper, Karen Freifeld and Stephen Nellis WASHINGTON (Reuters) -The Biden administration plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia[...]
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NEWSLETTER
South Korea to fine two Hong Kong banks for naked short-selling
SEOUL (Reuters) – South Korea’s stock market watchdog said on Sunday it found two Hong Kong-based investment banks had engaged in naked short-selling, which would likely result in record f[...]
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Wells Fargo raises interest income forecast as third-quarter profit beats estimates
By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo on Friday beat analysts’ estimates for third-quarter profit as it benefited from customers paying more interest and rai[...]
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Domino’s Pizza banks on promotions, loyalty program to revive demand
By Juveria Tabassum and Deborah Mary Sophia (Reuters) -Domino’s Pizza on Thursday bet on a revival in U.S. demand on the back of its spruced-up loyalty program and promotional offers to help off[...]
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US solar company Suniva to restart idled factory thanks to Biden climate law
By Nichola Groom (Reuters) – Suniva, the U.S. solar manufacturer that successfully fought for tariffs on cheap panels made overseas, will restart its Georgia cell factory next year thanks to inc[...]
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US small business sentiment declines moderately -NFIB
By Amina Niasse NEW YORK (Reuters) – U.S. small business sentiment declined slightly again in September on continued concern over inflation and persistent labor shortages, a survey published on[...]
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Amazon launches first test satellites for Kuiper internet network
By Joey Roulette WASHINGTON (Reuters) -Amazon’s first pair of prototype satellites for its planned Kuiper internet network were launched into space on Friday from Florida, the company’s fi[...]
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Analysis-Fall of the zombies? Why corporate failures could surge in 2024
By Sinead Cruise and Iain Withers LONDON (Reuters) – Debt-laden companies across Europe, Middle East and Africa face a $500 billion refinancing scramble in the first half of 2024, a challenge th[...]
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US dollar’s rally supercharged by soaring real yields on Treasuries
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Surging U.S. real yields are aiding the dollar’s rebound, rewarding bullish investors while making bears think twice before betting against the bu[...]
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