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(Reuters) – U.S. energy firm Sempra missed Wall Street estimates for third-quarter profit on Wednesday, hurt by higher interest expenses and lower earnings from its utility businesses in Texas and California. Utilities are ramping up investments in their projects amid booming demand from data centers to power the artificial-intelligence wave, but elevated interest rates in …

Sempra misses profit estimates on higher expenses, lower utility earnings Read More »

(Reuters) – Lyft said on Wednesday it will partner with Mobileye and two other companies in the robotaxi industry to bring self-driving cars onto its ridehail platform and bolster research and development in the sector. The app-based taxi platform will incorporate cars owned by third-party fleet operators, equipped with the Mobileye Drive self-driving system, as …

Lyft inks deals with Mobileye, others to bring robotaxis to ridehail platform Read More »

By Davide Barbuscia NEW YORK (Reuters) – Newly elected U.S. President Donald Trump will face fiscal challenges that could threaten the country’s standing in the global debt markets, hurting investor appetite for the nation’s debt securities, and pushing government borrowing costs higher. U.S. budget deficits and government debt levels were largely projected to surge under …

Analysis-US fiscal strain looms as key challenge for newly elected Trump Read More »

By Michael S. Derby NEW YORK (Reuters) – Financial markets are heading into this week’s Federal Reserve meeting with more clarity over the outlook for the U.S. central bank’s ongoing balance sheet drawdown than they’ve had in a while, and those keeping close tabs on the process see it continuing into next year even as …

Markets more confident Fed balance sheet drawdown has room to run Read More »

By Ann Saphir (Reuters) – The Federal Reserve has plenty of reasons to deliver a widely expected interest rate cut on Thursday, including a decline in inflation and a cooling in labor markets that makes it harder for Americans to find jobs. Continued weak demand for loans and strict lending standards may provide another, though …

Tight credit conditions add to case for Fed interest-rate cut Read More »

By Chayut Setboonsarng BANGKOK (Reuters) – Casinos and related attractions would significantly boost foreign arrivals to Thailand, a top executive at the Asia-focused online travel agency Agoda said on Wednesday, as the tourism-reliant country moves closer to legalising gambling. Thailand is planning to develop its first large scale “entertainment complex” that will include a casino, …

Casinos could be game-changer for Thailand’s tourism industry, Agoda CEO says Read More »