S&P 500 hits fresh closing high ahead of Fed meeting, big tech earnings
By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced on Monday as market participants looked ahead to this week’s slew…
Month: January 2024
US Treasury to borrow $760 billion in Q1, lower than forecast
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. Treasury on Monday said it expects to borrow $760 billion in…
Amazon, Roomba-parent iRobot abandon $1.4 billion merger deal
By David Shepardson WASHINGTON (Reuters) -Amazon and robot vacuum maker iRobot said Monday they would end their plans to merge…
Hedge funds cash in on Grayscale bitcoin ETF conversion – sources
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – A handful of hedge funds made a winning bet on…
Intel tumbles as chipmaker falls further behind in AI race
By Samrhitha A (Reuters) -Intel slumped more than 12% on Friday following a bleak first-quarter revenue outlook, as the chipmaker…
Oil settles at highest in nearly 8 weeks on strong economic growth
By Georgina McCartney and Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose for a second week in a row and settled…
US House bill would curb genetic info sharing with China’s Wuxi Apptec, BGI
By Karen Freifeld (Reuters) – A congressional committee focused on China has introduced a bill that would restrict federally funded…
Intel forecasts quarterly revenue below estimates, stock falls
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Intel on Thursday forecast revenue for the first quarter that could miss…
S&P 500 extends streak of record highs; Tesla tumbles
By Noel Randewich and Ankika Biswas (Reuters) -The S&P 500 closed at an all-time high for a fifth straight session…
T-Mobile delivers strong subscriber growth, forecast on ‘differentiated’ offering
(Reuters) -Wireless carrier T-Mobile US forecast monthly bill-paying phone subscriber growth for the year above estimates on Thursday, banking on…