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(Reuters) – AMC Entertainment slumped nearly 8% on Thursday as the movie industry continued to reel from the impact of twin Hollywood strikes, driving the theater chain to post a larger-than-expected quarterly loss. The writers and actors’ strikes have crippled much of the industry, leading to fewer releases following the blockbuster summer successes of “Barbie” […]

(Reuters) – Beyond Meat shares soared 60% to a six-month high on Wednesday after the plant-based meat maker placed its bets on price hikes and steep cost cuts to turn around its battered margins, triggering a squeeze on its highly shorted shares. About 37.6% of the company’s free float, or shares worth $172.6 million, were […]

By Samrhitha A (Reuters) -Micron Technology has started mass production of its high-bandwidth memory (HBM) semiconductors for use in Nvidia’s latest chip for artificial intelligence, sending its shares up more than 5% on Monday. The HBM3E (High Bandwidth Memory 3E) will consume 30% less power than rival offerings, Micron said, and could help tap into […]

By Nicole Jao NEW YORK (Reuters) -Oil prices fell nearly 3% lower on Friday and posted a weekly decline after a U.S. central bank policymaker indicated interest rate cuts could be delayed by at least two more months. Brent crude futures settled down $2.05, or 2.5%, at $81.62 a barrel, while U.S. West Texas Intermediate […]

By Marc Frank HAVANA (Reuters) – The leader of an association of top U.S. state agriculture officials on Wednesday said his country might want to take advantage of reforms underway in Cuba, possibly through investments. “There seems to be a new Cuba that is emerging and it may represent a pathway toward greater collaboration,” Ted […]

(Reuters) -UBS Global Wealth Management said it now expects the U.S. Federal Reserve to start lowering interest rates in June, compared to its prior view of cuts beginning in May. The economy has been “resilient” in the face of tighter monetary policy, which has led the brokerage to push back its earlier forecast of a […]

By David Shepardson WASHINGTON (Reuters) -Ford Motor Co on Tuesday said it had cut prices on its Mustang Mach-E electric SUV by up to $8,100 after sales fell sharply in January. The No. 2 U.S. automaker’s lowest-price 2023 model year Mach E version now has a suggested retail price of $39,895, down from $42,995. The […]

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. Treasury yields rose and the dollar edged up against the yen on Friday after data showed U.S. producer prices increased more than expected in January, adding to the view that any interest rate cuts by the Federal Reserve are not imminent. U.S. stocks ended lower, while the MSCI […]

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell by the most in 10 months in January, but economists cautioned against reading too much into the sharp drop amid frigid temperatures and difficulties adjusting the data for seasonal fluctuations at the start of the year. Still, the report from the Commerce Department on Thursday […]

By Samrhitha A (Reuters) -Uber Technologies shot to a record high on Wednesday after announcing its first-ever buyback of $7 billion worth of company shares after a strong recovery in ride-share revenue and healthy demand in its food delivery business. The company posted its first annual net profit last week since it went public in […]