By Niket Nishant and David Henry (Reuters) -JPMorgan Chase & Co lifted its forecast for interest income and affirmed its profitability target at its investor conference on Monday, sending its stock 6% higher despite persistent questions about how much more it will spend on its businesses. The country’s largest lender said it expects net interest …
JPMorgan rallies 6% on interest outlook, despite cost questions Read More »
BUENOS AIRES (Reuters) – A senior official in Argentina charged with leading government efforts to tame sky-high inflation resigned on Monday due to differences over how to contain steadily creeping prices, which have hobbled the country’s economy. Annual inflation in the South American nation reached 58% in April, as many food and energy prices surged …
Top anti-inflation official in Argentina resigns as prices surge Read More »
By Doyinsola Oladipo (Reuters) -A small group of Activision Blizzard workers voted for unionizing at a studio that works on the popular “Call of Duty” franchise, the second victory in a push to organize the video gaming industry. Employees in the quality assurance department at Raven Software in Middleton, Wisconsin, voted 19-3 for joining the …
‘Call of Duty’ workers at Activision Blizzard vote to form union Read More »
By Greg Roumeliotis and Supantha Mukherjee NEW YORK/STOCKHOLM (Reuters) -Broadcom Inc is in talks to acquire cloud service provider VMware Inc in a $60 billion deal which would further diversify the chip manufacturer’s business into enterprise software, people familiar with the matter said. Broadcom is in discussions to pay about $140 per share in cash …
Chipmaker Broadcom in talks to acquire VMware for $60 billion -sources Read More »
(Reuters) -Federal Reserve Chair Jerome Powell was formally sworn in on Monday to begin his second four-year term as head of the U.S. central bank as it aims to tame the highest inflation in four decades without tipping the economy into recession. Also sworn in on Monday were Lael Brainard as the Fed’s new vice …
Powell sworn in to second four-year term as U.S. Fed chief Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street’s longest streak of weekly declines since the dotcom bust more than 20 years ago. All three major U.S. stock indexes advanced between 1.6% and …
BRUSSELS (Reuters) – Euro zone finance ministers agreed on Monday they would gradually shift their fiscal policies from supportive this year to neutral in 2023, the chairman of the ministers Paschal Donohoe told a news conference. Euro zone countries have been supporting their economies with public money since 2020, when the COVID-19 pandemic plunged the …
Euro zone plans fiscal policy shift from supportive to neutral Read More »
(Reuters) – Canada’s Bombardier Inc launched a new long-range business jet on Monday, as it looks to stay competitive in a market that serves the ultra-rich and has remained robust amid COVID-19 driven boom in demand for private aircraft. The Montreal-based planemaker said the Global 8000 will become the world’s fastest business jet with an …
Bombardier launches latest ultra-long range business jet Global 8000 Read More »
By Paulo Lopes and Philip Blenkinsop SAO PAULO/BRUSSELS (Reuters) – With COVID-19 lockdowns normalising home delivery of everything from fast food to aspirin, brewers are tapping into a lucrative new sales format – delivering cold beer on demand to consumers still gathering at home with friends even as bars reopen. For Brazilian Rafael Mazaia, it …
Cold beer to your door: brewers in Latin America go direct Read More »
DAVOS, Switzerland (Reuters) – The energy security crisis since Russia’s invasion of Ukraine must not lead to a deeper dependence on fossil fuels, International Energy (IEA) chief Fatih Birol said on Monday. The right investments, especially in renewable energy and nuclear power, mean the world need not choose between energy shortages and accelerated climate change …
IEA warns against energy crisis deepening fossil fuel reliance Read More »
