By Noel Randewich and Ankika Biswas (Reuters) -The S&P 500 ended a five-session streak of record highs on Friday, with Intel slumping after a bleak revenue forecast, while U.S. economic data showed inflation moderating. Even as the S&P 500 and Nasdaq ended the session lower, all three major indexes recorded their third straight weekly gain …
Weak Intel forecast drags S&P 500, ends streak of record highs Read More »
By Utkarsh Shetti and Mike Stone (Reuters) – Lockheed Martin will cut 1% of its jobs over the course of the year in a bid to cut costs and streamline operations, a company spokesperson said on Friday. The reductions will impact positions across all of its business and enterprise operations, the spokesperson said in a …
Exclusive-Lockheed Martin to cut 1% of its jobs in cost-cutting push Read More »
By Marisa Taylor and Joey Roulette WASHINGTON (Reuters) – Elon Musk’s SpaceX is facing a negligence lawsuit brought by the wife of a worker whose skull was fractured during a 2022 rocket engine malfunction. The Jan. 18, 2022, engine malfunction involving Francisco Cabada was among the worker injuries detailed in a Reuters investigation of SpaceX late …
Musk’s SpaceX sued for negligence in accident that led to worker’s coma Read More »
(Reuters) -Elon Musk said on Friday his artificial intelligence firm xAI was not in talks with investors to secure funding, following a media report earlier in the day on the startup’s effort to raise up to $6 billion. “xAI is not raising capital and I have had no conversations with anyone in this regard,” Musk …
Elon Musk says his AI startup xAI not raising capital Read More »
By David Randall NEW YORK (Reuters) -The U.S. stock market’s strong start to the year faces a major test next week in a stretch packed with big tech earnings, the Federal Reserve’s monetary policy meeting and the closely-watched employment report. The S&P 500 is up nearly 3% since the end of December and stands near …
Fed, earnings and economic data to test US stocks near record highs Read More »
NEW YORK (Reuters) – U.S. prices rose moderately in December, keeping the annual increase in inflation below 3% for a third straight month, which could allow the Federal Reserve to start cutting interest rates this year. The personal consumption expenditures (PCE) price index increased 0.2% last month after an unrevised 0.1% drop in November, the …
Instant view: Mild Dec US PCE inflation should not divert Fed from 2024 easing Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. prices rose marginally in December, keeping the annual increase in inflation below 3% for a third straight month, bolstering expectations that the Federal Reserve will start cutting interest rates this year. But the timing of the anticipated rate cut is uncertain, with the report from the Commerce Department …
US prices rise moderately in December; inflation trending lower Read More »
By Joey Roulette WASHINGTON (Reuters) – (This Jan. 10 story has been corrected to clarify the payload capacities of SpaceX’s Falcon 9 and Falcon Heavy rockets in paragraph 12. A previous version erroneously stated that the two rockets have identical payload capacities) A Boeing-Lockheed joint venture’s launch of a new Vulcan rocket this week inaugurated …
Vulcan rocket’s debut brings long-awaited challenge to SpaceX dominance Read More »
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – A handful of hedge funds made a winning bet on approval of a spot bitcoin exchange-traded fund (ETF) by investing in the Grayscale Bitcoin Trust (GBTC) well ahead of regulatory sign off, according to sources familiar with the matter. Hedge funds bought shares in the …
Hedge funds cash in on Grayscale bitcoin ETF conversion – sources Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Newly-listed volatility futures contracts are showing heightened expectation for stock market gyrations around this year’s presidential election in November, a sign that investors are already paying attention to the vote. October futures on the Cboe Volatility Index started trading on Monday and were recently at 20.65, some …
U.S. election worries show up in newly-listed volatility futures Read More »
