PCE: Inflation slows with consumer spending American Express and Visa climb higher on solid demand Chevron falls after missing earnings estimates Indices up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan 27 (Reuters) – Wall Street advanced on Friday, marking the end of a turbulent week in which economic data and corporate earnings forecasts … Read more
ABOARD THE NIMITZ, SOUTH CHINA SEA, Jan 27 (Reuters) – For a few hours under gray skies, dozens of fighter jets and helicopters roar on and off the flight deck of the aircraft carrier Nimitz, in a show of American military might in some of the most contested waters in the world. MH-60 Seahawk helicopters … Read more
Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) heading into what he thinks is a “serious” recession: cutting costs on everything from parts to logistics, while maintaining pressure on competitors with reduced prices. . During a conference call to discuss Tesla’s fourth quarter results, Musk and other executives outlined plans to … Read more
Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have boosted demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, downplaying fears a weak economy could strangle the buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit … Read more
AT&T wins on subscriber additions General Dynamics slips after weak outlook Tesla and IBM release results Indices: Dow up 0.03%, S&P 500 down 0.02%, Nasdaq down 0.18% NEW YORK, Jan 25 (Reuters) – The S&P 500 closed nominally lower on Wednesday as a streak of corporate earnings stretched from bearish to dismal, reigniting concerns over … Read more
China offers debt service relief in 2022, 2023 Sri Lankan sources unsure if China’s letter will be enough for IMF Broad IMF-China deal on Zambia could provide clues NEW DELHI/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year debt moratorium and said it would support the country’s efforts … Read more
LONDON, Jan 24 (Reuters) – Crypto giant Binance has handled nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by U.S. authorities last week for allegedly mining a “money laundering engine,” according to blockchain data seen by Reuters shows. On Jan. 18, the Justice Department said it had charged Bitzlato … Read more
COVENTRY, England, Jan 23 (Reuters) – China’s Geely (0175.HK) is planning a big investment to transform the maker of London’s iconic black cabs into a high-volume all-electric brand with a range of commercial and passenger vehicles, unit leaders told Reuters. London Electric Vehicle Company (LEVC) is also aiming to expand its range of services, which … Read more
Jan 23 (Reuters) – A Russian warship armed with next-generation hypersonic cruise weapons will take part in joint exercises with the Chinese and South African navies in February, Russian state news agency TASS said on Monday. This was the first official mention of the participation of the frigate “Admiral of the Fleet of the Soviet … Read more
BEIJING, Jan 22 (Reuters) – China marked the Lunar New Year on Sunday with its people praying for health after three years of stress and financial hardship under the pandemic, as authorities reported nearly 13,000 new deaths caused by the virus between January 13 and 19. Queues stretched for about a kilometer (half a mile) … Read more
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