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By Miguel Lo Bianco BUENOS AIRES (Reuters) – Anahí Robledo feeds 50 families each day at the community kitchen she runs in a poor neighborhood on the outskirts of Buenos Aires, struggling with the chronic inflation that has thrown four in every ten people in the country into poverty. Argentina is battling an economic crisis …

At a Buenos Aires soup kitchen, lines grow longer as inflation soars Read More »

By Blake Brittain (Reuters) – A U.S. Patent Office tribunal ruled for Intel Corp on Tuesday on the chipmaking giant’s bid to invalidate a patent that represented $1.5 billion of a $2.18 billion verdict it lost to VLSI Technology LLC in 2021. The Patent Trial and Appeal Board invalidated the computer chip-related patent after canceling …

US patent tribunal sides with Intel again in $2.2 billion VLSI case Read More »

By Katherine Masters NEW YORK (Reuters) – A bipartisan group of U.S. lawmakers planned to introduce a bill on Wednesday to eliminate a tariff exemption widely used by e-commerce sellers to send orders from China to U.S. shoppers, one of the sponsors said. The exception, known as the de minimis rule, exempts imports valued at …

China e-commerce shipments would lose US tariff exemption under proposed law Read More »

LONDON (Reuters) – Entain shares fell to the bottom of the London blue-chip index on Wednesday after the betting company announced deal to buy Poland-based sports betting operator STS holdings. Entain shares fell 10% to their lowest since March 29, in their biggest daily decline in four months. After the European market close on Tuesday, …

Entain shares slide after deal to buy Poland’s STS Holdings Read More »

By Manya Saini and Chibuike Oguh (Reuters) -Shares of U.S. banks rose on Tuesday after a smaller-than-expected rise in inflation data indicated that the Federal Reserve is likely to keep interest rates unchanged this week, while Wells Fargo’s net interest income outlook also boosted investor optimism on the sector. U.S. consumer prices barely rose in …

US bank shares rise on inflation data, positive Wells Fargo comments Read More »

By Karl Plume and Anirban Sen CHICAGO (Reuters) -U.S. grains merchant Bunge and Glencore-backed Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny. The deal brings the combined company closer in global scale to …

Bunge, Viterra will merge to form $34 billion agri-trading powerhouse Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices barely rose in May and the annual increase in inflation was the smallest in more than two years, though underlying price pressures remained strong, supporting the view that the Federal Reserve would keep interest rates unchanged on Wednesday while adopting a hawkish posture. The smaller-than-expected rise …

US consumer price increases slow; underlying inflation sticky Read More »

By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq reached their highest closes in 14 months on Tuesday after data showed consumer prices rose modestly in May, boosting bets that the Federal Reserve will not raise interest rates on Wednesday. Nvidia jumped 3.9%, becoming the first chipmaker to end a …

US stocks end higher as inflation data cements bets on rate hike pause Read More »

By Joseph White and Norihiko Shirouzu DETROIT/AUSTIN, Texas (Reuters) -Automaker Stellantis said on Tuesday that it continues to evaluate Tesla’s charging standard after Ford Motor Co and General Motors Co said they were adopting it. “At this time, we continue to evaluate the NACS standard and look forward to discussing more in the future,” Stellantis …

Stellantis says it is evaluating Tesla’s charging standard Read More »