(Reuters) -Dell Technologies Inc will eliminate about 6,650 jobs, or about 5% of its global workforce, hurt by falling demand for its personal computers, Bloomberg News reported on Monday. The company is experiencing market conditions that “continue to erode with an uncertain future,” co-Chief Operating Officer Jeff Clarke wrote in a memo to employees, the …
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) -U.S. stock bulls are taking heart from a range of market signals pointing to an upbeat year for Wall Street, as equities sit on impressive gains despite worries that the Federal Reserve’s monetary policy tightening may plunge the economy into a recession. Among these are …
Signs of market strength cheer U.S. stocks bulls Read More »
(Reuters) – SpaceX may attempt a Starship rocket system launch in March, its billionaire chief Elon Musk said in a tweet on Saturday. “If remaining tests go well, we will attempt a Starship launch next month,” Musk said, in a response to a user’s tweet about Starship. Musk had in January said that there was …
Elon Musk says to attempt Starship launch in March Read More »
By Jody Godoy and Hyunjoo Jin SAN FRANCISCO (Reuters) -A U.S. jury on Friday found Tesla Inc CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had “funding secured” to take the electric car company private. Plaintiffs had claimed billions in damages and the decision …
Tesla’s Elon Musk found not liable in trial over 2018 ‘funding secured’ tweets Read More »
(Reuters) – Nestle will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, Chief Executive Mark Schneider told a German newspaper. The increases will not be as steep as they were in 2022, but “we have some catching …
Nestle to hike food prices further in 2023, CEO says Read More »
By Jody Godoy and Jonathan Stempel (Reuters) – Elon Musk may become even more emboldened in his Twitter use after a jury cleared the billionaire Tesla Inc chief executive over his missive that he had “funding secured” to take his electric car company private. A San Francisco jury took just two hours to unanimously find …
Billionaire Musk likely to ‘double down’ on tweets after court victory Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investment firm Starboard Value LP has amassed a sizable stake in Rogers Corp and is seeking seats on the electronics materials company’s board in its push for changes, people familiar with the matter said on Friday. The board challenge comes after chemical company DuPont in November walked …
Exclusive-Starboard to challenge engineering materials maker Rogers’ board -sources Read More »
BUENOS AIRES (Reuters) – Analysts consulted by Argentina’s central bank expect surging consumer prices to rise slightly this year, the bank said on Friday, which would mark a second straight year of near triple-digit inflation for South America’s second-biggest economy. Consumer prices are seen rising by an annual rate of 97.6% in 2023, according to …
Argentina likely to see inflation tick up this year -analysts Read More »
By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian (Reuters) – Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. The S&P 500 still posted a gain for the week, which included a …
Wall Street ends down after stunning jobs growth raises Fed questions Read More »
By Ann Saphir (Reuters) – The U.S. Federal Reserve is likely to need to lift the benchmark rate above 5% and keep it there to squeeze too-high inflation out of an economy where the labor market remains strong even after nearly a year of the most aggressive round of Fed rate hikes in 40 years. …
Fed seen hiking policy rate above 5% as job gains surge Read More »
