(Reuters) -Arm Holdings plans to launch its own chip this year after securing Meta Platforms as one of its first customers, in a major shift to the chip tech provider’s model of licensing its blueprints to other companies, the Financial Times reported on Thursday, sending its U.S.-listed shares up about 5%. This move would put …
Arm secures Meta as first customer for ambitious new chip project, FT reports Read More »
BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate slowed to 2.2% in January, its lowest level since mid-2020, while landing slightly below analyst estimates, data from the INDEC statistics agency showed on Thursday. Inflation in the 12 months through January reached 84.5%, also slowing from a rate of 117.8% recorded in the previous month and …
Argentina monthly inflation slows to lowest in over 4 years in January Read More »
(Reuters) – Canadian Tire CEO Greg Hicks said on Thursday that the retailer is preparing to mitigate potential impacts from tariffs amid a possible trade war between Canada and the United States. The company was reviewing products and U.S. suppliers while assessing alternatives to the higher cost pressures that tariffs may have on its business …
Canadian Tire prepares to mitigate impact of potential tariffs amid possible trade war Read More »
By Shivansh Tiwary (Reuters) -Deere’s quarterly revenue slumped 35% and missed analysts’ expectations on Thursday, as more farmers retained their aging equipment or switched to rentals owing to weak incomes and high borrowing costs. The world’s largest farm-equipment maker also addressed investor concerns about the fallout from President Donald Trump’s latest tariffs. Trump’s tariffs on …
Deere revenue misses on muted farm equipment demand as tariff impact looms Read More »
By Ateev Bhandari and Prakhar Srivastava (Reuters) -Karman Holdings was valued at nearly $4 billion after its shares surged 36% in their NYSE debut on Thursday, signaling investor appetite for defense and space firms as expectations grow for market expansion under the new Trump administration. The IPO market is on the road to recovery following …
Karman Holdings valued at nearly $4 billion as shares jump in NYSE debut Read More »
By Isla Binnie NEW YORK (Reuters) -JPMorgan Chase CEO Jamie Dimon scorned calls from some employees to soften the bank’s five-day return-to-office policy in an animated town hall meeting on Wednesday, according to a recording reviewed by Reuters. Employees at the largest U.S. bank have complained on internal message boards and chats about losing hybrid …
Exclusive-JPMorgan CEO Dimon derides in-office work pushback, demands efficiency Read More »
(Reuters) -Duke Energy on Thursday raised its five-year capital expenditure plan to $83 billion, a 13.7% jump, to accommodate rising demand from population growth in the U.S. Southeast and the expansion of data centers and advanced manufacturing, the company said. U.S. power demand is expected to hit record highs in 2025 and 2026 due to …
Duke Energy raises five-year capex plan to grow power supply Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. producer prices increased solidly in January, offering more evidence inflation was picking up again and strengthening financial market views that the Federal Reserve would not be cutting interest rates before the second half of the year. The broad rise in producer inflation reported by the Labor Department on Thursday …
US producer inflation trends higher; labor market remains stable Read More »
By Vallari Srivastava and Pooja Menon (Reuters) -DTE Energy raised its five-year capital expenditure plan by $5 billion on Thursday, after posting a fall in fourth-quarter profit as the utility took a hit from lower pricing for electricity. With electricity consumption expected to rise to record highs this year and the next, U.S. utilities have …
DTE Energy raises capex plan, fourth-quarter profit falls on lower rates Read More »
(Reuters) -The U.S. National Highway Traffic Safety Administration said on Thursday it has opened an engineering analysis into 129,092 U.S. Honda Motor vehicles after receiving reports of camera failure. The engineering analysis focuses on 2017-2019 models of Honda Ridgeline mid-size pickup trucks. The NHTSA said the vehicles’ rear-view camera fails to function properly due to …
US NHTSA launches engineering analysis into over 129,000 Honda vehicles Read More »
