(Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected power demand will rise to 4,099 billion kilowatt-hours (kWh) in 2024 and 4,128 billion kWh in 2025. That compares with 4,000 billion kWh …
US power use to reach record highs in 2024 and 2025 -EIA Read More »
(Reuters) – BofA Global Research raised its earnings forecast for the S&P 500 on Tuesday, projecting a 12% increase in profit for the companies in the benchmark index this year. The brokerage raised its 2024 earnings per share (EPS) forecast for the index companies to $250 from the previously expected $235. BofA strategists said that …
BofA lifts 2024 S&P 500 profit forecast as AI enters ‘virtuous cycle’ Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. presidential candidate Donald Trump said on Monday TikTok was a national security threat but also said a ban on the popular app would hurt some kids and only strengthen Meta Platforms’ Facebook, which the Republican has harshly criticized. Trump reiterated his concerns as lawmakers weigh a bill this week …
Trump calls TikTok a threat but says some kids could ‘go crazy’ without it Read More »
(Reuters) – It will take some time until production at Tesla’s German gigafactory near Berlin will fully resume, plant head Andre Thierig said late on Monday. “It will certainly take some time until we have fully resumed production, but the most important step has been taken,” Thierig said. On Monday the power firm in charge …
Tesla says it will take some time for production at German factory to fully resume Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg said on Monday he expected Boeing to cooperate in investigations by the Justice Department and National Transportation Safety Board into the Alaska Airlines 737 MAX 9 mid-air emergency on Jan. 5. “We respect the independence of DOJ and NTSB doing their own work, but we’re …
US transport chief expects Boeing to cooperate with DOJ, NTSB in 737 MAX probes Read More »
By Tom Polansek CHICAGO (Reuters) – Tyson Foods will permanently close a pork plant in Perry, Iowa, the meatpacker said on Monday, eliminating jobs for about 1,200 workers. The company, which reaped big profits as meat prices soared during the COVID-19 pandemic, has since confronted a decline and slowing demand for some products. Tyson has …
Tyson Foods to close Iowa pork plant with 1,200 workers Read More »
By Hannah Lang, Amanda Cooper and Harry Robertson WASHINGTON/LONDON (Reuters) -Bitcoin hit a record high on Monday above $72,000, as the biggest cryptocurrency’s surge showed no signs of slowing down. Bitcoin was last up 4.4% at $72,649 after reaching as high as $72,739. The world’s most valuable cryptocurrency has been boosted by a flood of …
Bitcoin hits record above $72,000 as demand frenzy intensifies Read More »
(Reuters) -Oracle beat estimates for quarterly profit on Monday, as demand rose for its cloud-computing services on the back of a boom in generative AI. Shares of Oracle jumped 9.8% to $125.31 in extended trading. The 46-year-old database giant has been trying to reinvent itself as a cloud-computing provider by offering services cheaper than those …
Oracle beats quarterly profit expectations on AI-driven cloud demand Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq ended down slightly on Monday with investors preparing for this week’s consumer and producer price data, which they hope will provide a better idea of whether the Federal Reserve can begin cutting interest rates in the coming months. Boeing shares eased 3%. U.S. Transportation …
S&P 500, Nasdaq end down as investors wait for CPI, PPI data Read More »
By Rodrigo Campos NEW YORK (Reuters) – Another attempt to streamline the resolution of sovereign debt restructurings is making its way through the New York State legislature, and Wall Street is again taking note. Below are facts about the proposal and potential ramifications. WHAT’S THE PROPOSAL? The sovereign debt stability act blends two proposals that …
Explainer-New York lawmakers tackle sovereign debt reworks again Read More »
