Reuters | April 17, 2023
By Richard Cowan and Katharine Jackson WASHINGTON (Reuters) -U.S. House of Representatives Speaker Kevin McCarthy on Monday outlined spending cuts he said his fellow Republicans would demand in exchange for voting to raise the federal government’s $31.4 trillion debt ceiling, avoiding a potentially catastrophic default. His proposals included cutting spending to last year’s levels, capping […]
Reuters | April 14, 2023
By Aishwarya Nair (Reuters) – Boeing Co shares closed down 5.6% on Friday after the planemaker halted deliveries of some 737 MAX jets due to quality-related problems in certain components made by one of its main suppliers. Boeing is under tough regulatory scrutiny following the deadly crashes of its MAX planes in 2018 and 2019 […]
Reuters | April 13, 2023
By Rajesh Kumar Singh and Aishwarya Nair CHICAGO (Reuters) – Delta Air Lines on Thursday offered an upbeat outlook for summer travel demand that it expects will result in higher-than-expected profit for the quarter through June, despite growing risks of an economic recession. Rising interest rates, high inflation, mounting job losses and turmoil in the […]
Reuters | April 11, 2023
By Jody Godoy and Bharat Gautam (Reuters) – A U.S. judge on Monday denied Theranos founder Elizabeth Holmes’ request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion. Holmes, who rose to fame after claiming Theranos’ small […]
Reuters | April 5, 2023
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. services sector slowed more than expected in March as demand cooled, while a measure of prices paid by services businesses fell to the lowest in nearly three years, giving the Federal Reserve a boost in the fight against inflation. There are also growing signs that the labor […]
Reuters | April 3, 2023
By Akash Sriram and Hyunjoo Jin (Reuters) – Tesla Inc on Sunday posted record quarterly vehicle deliveries, but quarter-on-quarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed. Tesla delivered 422,875 vehicles for the first three months of this year, up 4% from the previous quarter. This was […]
Reuters | March 30, 2023
By Lena Masri (Reuters) -The founders of artificial intelligence company NtechLab said they resigned over disagreements with the company’s management and investors about projects in Russia. One of the founders left Russia in December 2021 while the other left in March 2022, shortly after Russia’s invasion of Ukraine, they said. The two founders’ comments came […]
Reuters | March 27, 2023
By Brendan Pierson (Reuters) – E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc, will face their first U.S. trial this week over claims that they created a public nuisance by marketing addictive e-cigarettes to minors. Minnesota seeks to force the companies to pay for measures to remedy the […]
Reuters | March 21, 2023
(Reuters) – Investors stepped cautiously into bank stocks on Tuesday, emboldened by the rescue of Credit Suisse, with share prices inching tentatively higher amid continuing concerns about smaller U.S. lenders and further financial market ructions. DEVELOPMENTS * Attention now on this week’s meeting of the U.S. Federal Reserve, with traders wondering whether the central bank’s […]
Reuters | March 17, 2023
By Mehnaz Yasmin (Reuters) -SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after its former unit Silicon Valley Bank was taken over by U.S. regulators. The move to commence bankruptcy proceedings comes as emergency measures to shore up confidence […]
Always be feeding your money brain. Claim one or all of the FREE offers from some of our partners below.