By Michael S. Derby NEW YORK (Reuters) – The underlying level of interest rates viewed as neutral in economic influence held steady at a low level over the first three months of this year, according to data released on Friday by the Federal Reserve Bank of New York. The bank said that R-Star stood at …
NY Fed data shows neutral rate holding steady at low level Read More »
By Allison Lampert and Tim Hepher (Reuters) -Boeing has told suppliers it is delaying a key production milestone for its 737 jet family by three months, two industry sources said, as it continues to struggle with a crisis that is hurting output. A new Boeing supplier schedule communicated to the industry calls for 737 output …
Exclusive-Boeing tells suppliers it is slowing 737 output goal by 3 months, sources say Read More »
OSLO (Reuters) – Norway’s $1.7 trillion wealth fund, a top shareholder in Tesla, will continue “a constructive dialogue” with the automaker after its annual general meeting endorsed CEO Elon Musk’s $56 billion pay package. Tesla shareholders approved Musk’s record pay on Thursday, a move the fund had voted against. The fund is the automaker’s eighth-largest …
Norway wealth fund to continue ‘constructive dialogue’ with Tesla after AGM Read More »
By Tim Hepher, David Shepardson and Allison Lampert PARIS/WASHINGTON/MONTREAL (Reuters) -Boeing is investigating a new quality problem with its 787 Dreamliner after discovering that hundreds of fasteners have been incorrectly installed on the fuselages of some undelivered jets, two people familiar with the matter said. The latest in a series of manufacturing snags affecting the …
Exclusive-Boeing investigates quality problem on undelivered 787s, sources say Read More »
LONDON (Reuters) – Investors dumped U.S. value stocks and bought growth stocks in the week to Wednesday, according to BofA Global Research, a period marked by cooler than expected inflation data that sent bond yields lower. There were $1.8 billion of inflows to U.S. growth stock funds in the week, and $2.6 billion of outflows …
Investors bought U.S. growth stocks, dumped value this week Read More »
By Anant Chandak and Milounee Purohit BENGALURU (Reuters) – The Reserve Bank of Australia will hold its key policy rate for a fifth straight meeting on Tuesday over persistent price pressures, according to all economists polled by Reuters, a majority of whom expected the first cut to come in the last quarter of the year. …
RBA to hold rates through September, deliver first cut in Q4: Reuters poll Read More »
BEIJING (Reuters) – Chinese automaker Geely on Thursday expressed “great disappointment” in the European Union’s decision to increase tariffs on Chinese-made electric vehicles, vowing “all necessary measures” to safeguard its legitimate rights. “We call on the European Commission to carefully consider its decision, listen to the concerns of all parties, and work together to find …
(Reuters) -Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy. Shares of the San Jose, California-based company jumped 14% in extended trading. The company now expects revenue of between $21.40 billion and $21.50 billion, …
Adobe raises full-year revenue forecast on robust software demand Read More »
NEW YORK (Reuters) – Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week. Gill’s update, posted on Reddit after the close of trading, showed the value of …
Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows Read More »
By Zeba Siddiqui WASHINGTON (Reuters) -Microsoft President Brad Smith fielded questions about the tech giant’s security practices and ties to China at a House homeland security panel on Thursday, a year after alleged China-linked hackers spied on federal emails by hacking the firm. The hackers accessed 60,000 U.S. State Department emails by breaking into Microsoft’s …
US lawmakers grill Microsoft president over China ties, hacks Read More »
