US power and natgas prices soar as extreme freeze hits natgas supplies
By Scott DiSavino (Reuters) -U.S. natural gas and power prices hit multi-year highs on Friday ahead of extreme cold that…
Category: Business
Microsoft edges out Apple as world’s most valuable company
By Noel Randewich (Reuters) – Microsoft’s stock market value ended a trading session higher than Apple’s for the first time…
JPMorgan’s annual profit surges to record even as quarterly net income dips
By Niket Nishant and Nupur Anand (Reuters) – JPMorgan Chase reported its best-ever annual profit and forecast higher-than-expected interest income…
Citi to cut 20,000 jobs, posts $1.8 billion loss in ‘disappointing’ quarter
By Tatiana Bautzer and Manya Saini -Citigroup said it would cut 20,000 jobs over the next two years, acknowledging a…
Delta cuts 2024 profit outlook on higher costs, economic risks; shares fall
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Friday scaled down its profit outlook for the current year,…
Airbus lands record orders in 2023, beats Boeing on deliveries
By Joanna Plucinska and Dagmarah Mackos (Reuters) -Airbus reported record annual jet orders and confirmed an 11% rise in 2023…
Wall Street little changed after inflation, labor market data
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed little changed on Thursday as news of hotter-than-expected inflation and signs…
Microsoft briefly overtakes Apple as world’s most valuable company
By Aditya Soni (Reuters) -Microsoft on Thursday briefly overtook Apple as the world’s most valuable company for the first time…
Tesla lowers range estimates as U.S. regulators tighten vehicle-test rules
By Norihiko Shirouzu (Reuters) -Tesla has lowered driving-range estimates across its lineup of electric vehicles as a new U.S. government…
Google faces $1.67 billion damages demand at AI-related patent trial
By Blake Brittain and Nate Raymond BOSTON (Reuters) -Alphabet’s Google went before a federal jury in Boston on Tuesday to…