By Ana Mano SAO PAULO (Reuters) -U.S.-based beef-packers will continue to reel from low cattle availability for about three or four quarters, with gradual improvements of the U.S. cattle herd happening gradually from late 2027, JBS managers said on Thursday. In remarks made after releasing second quarter results, the world’s largest meat company said other …
JBS sees US cattle cycle improving from late 2027 Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -Apple will bring a blood oxygen measurement feature to some of its watch models via a software update after receiving approval from the U.S. government amid a protracted legal dispute over the technology, it said on Thursday. The move will allow users of Apple Watch Series 9, Series 10, and …
Apple to bring blood oxygen feature to some US watches with software update Read More »
NEW YORK (Reuters) -U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the months ahead. The producer price index for final demand jumped 0.9% last month after being unchanged in June, the Labor Department’s Bureau of Labor Statistics …
Instant View: US producer prices surge more than expected Read More »
HOUSTON (Reuters) -A court officer in Delaware overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum has requested an adjournment of the sale process’ final hearing, originally scheduled for next week to decide the auction’s winner, a court filing showed on Wednesday. The request comes after at least two unsolicited bids …
Court officer overseeing Citgo auction requests adjournment of sale hearing Read More »
WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits fell last week amid low layoffs, but a reluctance by businesses to boost hiring because of softening domestic demand could drive the unemployment rate to 4.3% in August. Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 224,000 for the …
By Laila Kearney NEW YORK (Reuters) -Major data center developer and operator Equinix has entered into several advanced nuclear electricity deals, including power purchase agreements for fission energy and pre-ordering microreactors for its operations, the company said on Thursday. Big Tech’s race to expand technologies like generative artificial intelligence, which requires warehouse-like data centers that …
Equinix enters into multiple advanced nuclear deals to power data centers Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Spurred on by the U.S. President and Treasury Secretary, expectations for interest rate cuts are reaching a fever pitch, with markets now starting to price in a small chance of a half point cut …
By Jeff Horwitz (Reuters) -An internal Meta Platforms document detailing policies on chatbot behavior has permitted the company’s artificial intelligence creations to “engage a child in conversations that are romantic or sensual,” generate false medical information and help users argue that Black people are “dumber than white people.” These and other findings emerge from a Reuters …
(Reuters) -San Francisco Federal Reserve President Mary Daly has pushed back against the need for an interest rate cut of 50 basis points at the Federal Reserve’s September meeting, the Wall Street Journal reported on Thursday. “Fifty sounds, to me, like we see an urgent — I’m worried it would send off an urgency signal …
Fed’s Daly says 50 basis point rate cut next month doesn’t seem warranted, WSJ reports Read More »
By Clara Denina LONDON (Reuters) -Chilean miner Antofagasta posted a nearly 60% jump in half-year core earnings on Thursday, on higher production and prices its customers paid for energy transition material copper. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the first six months rose to $2.23 billion from $1.39 billion last year, slightly …
Antofagasta half-year earnings surge 60% on higher copper demand, prices Read More »
