WASHINGTON (Reuters) – U.S. small-business confidence surged to the highest level in nearly 3-1/2 years in November amid post-election euphoria. The National Federation of Independent Business (NFIB) said on Tuesday its Small Business Optimism Index jumped 8.0 points to 101.7 last month, the highest level since June 2021. Donald Trump won the race for the …
US small business sentiment nears 3-1/2-year high in November Read More »
By Dan Catchpole and Allison Lampert SEATTLE -Boeing restarted production of its best-selling 737 MAX jetliner last week, about a month after the end of a seven-week strike by 33,000 factory workers, according to three sources familiar with the matter. Getting the 737 MAX production line moving again is essential to the heavily debt-burdened planemaker’s …
Boeing restarts 737 MAX production a month after strike ended, sources say Read More »
By Dawn Chmielewski (Reuters) -Rupert Murdoch has lost a bid to change his family trust to consolidate control of his media empire in the hands of his son Lachlan, the New York Times reported on Monday, citing a sealed court document. Nevada commissioner Edmund Gorman concluded in a decision filed on Saturday that Rupert Murdoch …
Rupert Murdoch fails in bid to change family trust, New York Times reports Read More »
By Wayne Cole and Stella Qiu SYDNEY (Reuters) -Australia’s central bank is getting closer to joining its peers in cutting interest rates, having sat tight for over a year now, but much will depend on the data to decide whether it can move as early as February. Wrapping up its December policy meeting, the Reserve …
Australia’s central bank closer to cutting rates, Feb not ruled out Read More »
By Eric Onstad LONDON (Reuters) – Many lithium mines, led by Chinese operators, are maintaining production of the raw material needed for electric vehicle (EV) batteries, in defiance of prices weak enough to trigger mass output cuts – providing a boon for battery makers. The continued production raises the prospect of years of oversupply and …
Lithium supply surplus set to stay with battery makers’ help Read More »
SYDNEY (Reuters) – Australia’s top central banker on Tuesday left open the door to a cut in interest rates as early as February, but emphasised the flow of economic data would have to give the bank more confidence that inflation was slowing as desired. Speaking after a policy meeting, Reserve Bank of Australia Governor Michele …
Australia central bank leaves door open to February rate cut Read More »
By Stephen Nellis SANTA BARBARA, California (Reuters) – Google on Monday said that it has overcome a key challenge in quantum computing with a new generation of chip, solving a computing problem in five minutes that would take a classical computer more time than the history of the universe. Like other tech giants such as …
Google says it has cracked a quantum computing challenge with new chip Read More »
SYDNEY (Reuters) – The Reserve Bank of Australia on Tuesday left the cash rate unchanged at 4.35% following its December policy meeting. The following is a chronology of the Reserve Bank of Australia’s interest rate moves since 1990. Each move is measured in basis points (bp), which are one-hundredths of a percentage point. Nov 7 …
By Kanishka Singh WASHINGTON (Reuters) – Google on Monday removed derogatory reviews about McDonald’s after the suspect in the killing of UnitedHealth executive Brian Thompson was arrested at its restaurant in Altoona, Pennsylvania, where police say a customer alerted a local employee about him. The negative comments aimed at McDonald’s were the latest in what …
Google pulls McDonald’s negative reviews over arrest in UnitedHealth murder Read More »
SYDNEY (Reuters) – A measure of Australian business activity slid to its lowest since the pandemic in November as confidence took a turn for the worse amid tough trading conditions in the manufacturing and retail sectors. The survey from National Australia Bank (NAB) showed its index of business conditions dropped 5 points to +2 in …
Australia business conditions worst since pandemic, NAB survey says Read More »
