By Shariq Khan ATLANTIC CITY, New Jersey (Reuters) – U.S. offshore wind developers put on a brave face at a conference this week, touting their ability to work with leaders from both political parties, although privately attendees fretted that things could get rough for them if Republican Donald Trump wins the Nov. 5 presidential election. …
US offshore wind execs fret privately over possible Trump election win Read More »
(Reuters) -Driving assistance systems supplier Mobileye Global reported better-than-expected quarterly revenue on Thursday, signaling a recovery in demand from automakers who have had a glut of their sensors and related hardware. Automakers globally have refrained from augmenting their inventories over the past few quarters as weak consumer spending led to production cuts and, therefore, fewer …
Mobileye’s quarterly revenue beats estimates, signaling demand recovery Read More »
By Mrinalika Roy (Reuters) -Oil and gas producer ConocoPhillips surpassed Wall Street’s third-quarter profit expectations on Thursday and elevated its full-year output forecast, crediting the increase to operational efficiencies enhancing production. Shares of the company rose about 6% in afternoon trading. Benchmark Brent crude averaged $78.3 a barrel in the reported quarter, nearly 9% lower …
ConocoPhillips raises annual output forecast on operational efficiencies Read More »
By Hannah Lang (Reuters) – The cryptocurrency industry has spent years clashing with Democratic President Joe Biden’s administration over regulatory issues, but executives expect an easier ride from Washington, regardless of who wins the White House next week. Crypto asset managers including Bitwise and Canary Capital are planning new products ahead of what many executives …
Analysis-US crypto industry expects friendlier Washington, whoever wins White House Read More »
NEW YORK (Reuters) – Bond trading platform Tradeweb plans to extend trading hours on Nov. 6, the day after the U.S. presidential election, and offer overnight support on Election Day. “We are providing overnight operational support and some early trading hours to cover the U.S. Presidential Election,” it said in an email to clients on …
Tradeweb to extend trading hours the day after US election Read More »
By Douglas Gillison (Reuters) -U.S. industry and other groups have sued to overturn rules adopted under Securities and Exchange Commission (SEC) Chair Gary Gensler, with knock-on implications for others on his agenda. Here’s a list of rules and actions affected, according to legal filings, the SEC’s agenda, and legal experts. * Nasdaq corporate board diversity: …
Factbox-The US securities watchdog’s mounting legal headaches Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September, showcasing the economy’s strength heading into the final stretch of 2024 and just days before next Tuesday’s presidential election. Though prices pushed higher last …
Low US weekly jobless claims, solid consumer spending showcase economy’s strength Read More »
By Nora Eckert DETROIT (Reuters) -Ford Motor CEO Jim Farley has told employees that the automaker needs to speed efforts to improve quality and lower costs, and that manager bonuses, which are tied to those metrics, would be slashed to 65% of their total, according to three people familiar with the matter. Farley recently introduced …
Ford to lower managers’ bonuses if company performance fails to improve, sources say Read More »
By Alexandra Alper WASHINGTON (Reuters) – Democratic Senator Mark Warner criticized the Biden administration for “apparent lax monitoring” of TSMC following revelations a chip produced by the Taiwanese chipmaker ended up in a product made by China’s heavily sanctioned Huawei. In a letter reviewed by Reuters, the influential lawmaker also took the government to task …
Democratic lawmaker takes aim at Biden over TSMC chip in Huawei product, letter shows Read More »
By Nicole Jao (Reuters) -U.S. refiner PBF Energy plans to save around $200 million in operating costs and expenditures by the end of 2025 through efforts including energy reduction and improving the efficiency of refinery turnarounds, executives said on Thursday. “Our team has been developing a business improvement initiative across our refining footprint,” PBF CEO …
PBF Energy posts weak Q3 results, set to cut $200 million of costs in 2025 Read More »
