Fed keeps rates unchanged, Powell hedges on possible end of tightening campaign
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve held interest rates steady on Wednesday as policymakers…
Clorox bets on strong inventory to help overcome cyber attack hit
By Juveria Tabassum (Reuters) -Clorox said on Wednesday it expects to rebuild customer inventory levels by the end of the…
Disney’s ESPN could be valued at $24 billion, likely buyers include Apple, Verizon – BofA
(Reuters) – Walt Disney’s ESPN sports network could secure an enterprise value of $24 billion and attract investment interest from…
Shopify merchants seek AI boost for key sales decisions
By Arriana McLymore NEW YORK (Reuters) – A week after e-commerce giant Amazon said it is giving its sellers new…
PC market recovery gathers pace as Intel, AMD tout potential of ‘AI PC’
By Arsheeya Bajwa and Akash Sriram (Reuters) – The earnings of Intel and Advanced Micro Devices have offered more evidence…
US seeks to block JetBlue’s Spirit Airlines deal at trial
By Nate Raymond BOSTON (Reuters) -The U.S. argued on Tuesday that JetBlue Airways’ planned $3.8 billion acquisition of ultra-low-cost carrier…
Pfizer looks beyond COVID after quarterly loss on Paxlovid charge
By Bhanvi Satija and Michael Erman (Reuters) – Pfizer on Tuesday urged investors to focus on growth in non-COVID products…
Caterpillar shares fall on equipment demand concerns despite earnings beat
By Bianca Flowers and Shivansh Tiwary (Reuters) -Caterpillar reported a double-digit rise in profit on Tuesday, beating Wall Street estimates…
China to develop Xinjiang free trade zone despite Western sanctions
By Joe Cash BEIJING (Reuters) – China on Tuesday set out plans to develop a free trade zone in its…
Biden administration aims to cut AI risks with executive order
By Jeff Mason, Trevor Hunnicutt and Alexandra Alper (Reuters) -U.S. President Joe Biden is seeking to reduce the risks that…