US

Responsive image

US weekly jobless claims post biggest drop in 20 months as economy shows stamina

Reuters | June 29, 2023

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, the latest sign of the economy’s resilience that could push the Federal Reserve to resume raising interest rates in July. The unexpected decline in applications reported by the Labor Department […]

Responsive image

General Mills forecasts dour profit as price hikes impact demand

Reuters | June 28, 2023

By Savyata Mishra (Reuters) -General Mills on Wednesday forecast full-year profit largely below analysts’ estimates as price hikes to counter inflation dent demand for its ready-to-eat cereals and meal kits. Shares of the Cheerios cereal maker fell as much as 5.7% to a more than four-month low after General Mills also missed net sales estimate […]

Responsive image

SolarWinds executives receive Wells notice from US SEC

Reuters | June 26, 2023

(Reuters) -SolarWinds said on Friday some of its former and current executives had been issued a Wells notice by the U.S. Securities and Exchange Commission over a massive 2020 data breach tied to the software firm. A Wells notice does not necessarily mean that recipients have violated any law. The SEC issues Wells notices to […]

Responsive image

Indian PM Modi wraps up Washington trip with appeal to tech CEOs

Reuters | June 23, 2023

By Steve Holland, Simon Lewis and Jeff Mason WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi met with U.S. and Indian technology executives in Washington on Friday, the final day of a state visit where he agreed new defense and technology cooperation and addressed challenges posed by China. U.S. President Joe Biden rolled out the red […]

Responsive image

Meta’s Oversight Board asks Facebook owner to evaluate election integrity efforts

Reuters | June 22, 2023

(Reuters) – Meta Platforms’ Oversight Board has asked the social media firm to evaluate efforts to prevent promotion of political violence on its platforms, after it allowed a video calling for violence post the 2022 Brazilian election to stay online. The board said on Thursday that Meta’s original decision to leave up the Facebook video, […]

Responsive image

NiSource to sell $2.15 billion stake in Indiana unit to Blackstone

Reuters | June 20, 2023

(Reuters) -Energy company NiSource said on Tuesday it would sell a minority stake in its unit, NIPSCO, for $2.15 billion to asset manager Blackstone’s infrastructure unit. The transaction will help Nisource cut debt and fund its transition towards renewable energy, the company said. NIPSCO is an integrated electric- and gas-distribution unit that operates in Indiana […]

Responsive image

Ford chairman says US can’t yet compete with China on EVs – CNN interview

Reuters | June 18, 2023

(Reuters) – Ford Motor Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. “They developed very quickly, and they developed them in large scale. And now they’re exporting them,” Ford told CNN’s ‘Fareed Zakaria GPS’ Sunday program. “They’re not here but they’ll […]

Responsive image

Chinese President Xi meets Bill Gates, calls him ‘an old friend’

Reuters | June 16, 2023

BEIJING (Reuters) -Chinese President Xi Jinping called Bill Gates “an old friend” and said he hoped they could cooperate in a way that would benefit both China and the United States, in Xi’s first meeting with a foreign entrepreneur in years. In a meeting at Beijing’s Diaoyutai state guest house, where China’s leaders have traditionally […]

Responsive image

Delta Air Lines resumes dividend suspended in 2020 during pandemic

Reuters | June 15, 2023

(Reuters) -Delta Air Lines said on Thursday it would pay a quarterly dividend, resuming a payout that the carrier had suspended in March 2020 during the COVID-19 pandemic. The dividend, of $0.10 per share, will be paid on Aug. 7 to shareholders of record as of the close of business July 17, the U.S. airline […]

Responsive image

US producer inflation subsides as energy, food prices drop

Reuters | June 14, 2023

By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices fell more than expected in May as the costs of energy goods and food declined, signaling that inflation pressures were abating throughout the economy and could eventually provide relief to consumers. The report from the Labor Department on Wednesday also showed the annual increase in producer […]

« Previous PageNext Page »