By Matt Tracy (Reuters) -Fitch downgrading U.S. chipmaker Intel’s credit rating by one notch on Monday, according to a note by the ratings agency, which assigned a negative outlook to Intel’s rating. Fitch downgraded Intel to BBB from BBB-plus, placing it just two notches shy of junk credit status. The downgrade follows Fitch’s assessment that …
Intel’s credit rating downgraded by Fitch on demand challenges Read More »
(Reuters) -Two Republican senators have put holds on three of U.S. President Donald Trump’s Treasury Department nominees over a White House effort to make it harder for companies to claim tax credits for wind and solar energy projects, according to a government document and a source familiar with the matter. The senators, Chuck Grassley of …
Republican lawmakers slow Trump Treasury picks over wind, solar credits Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -All three major U.S. stock indexes scored their biggest daily percentage increases since May 27 on Monday as investors sought bargains after the previous session’s selloff and ramped up bets for a September interest rate cut after Friday’s weaker-than-expected jobs data. Tesla shares rose 2.2% after the electric vehicle …
Indexes post biggest daily pct gains since May 27 in rebound from Friday selloff Read More »
By Wen-Yee Lee TAIPEI (Reuters) -Taiwan’s Foxconn said on Monday it had struck a deal to sell a former car factory at Lordstown, Ohio, for $375 million, including its machinery, but said it would continue to use the site to make a broader range of products aligned with its strategic priorities. Foxconn, which makes data …
Foxconn agrees $375 million Lordstown plant sale to pivot towards data centres Read More »
By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Monday said that given mounting evidence that the U.S. job market is softening and no signs of persistent tariff-driven inflation, the time is nearing for interest rate cuts. “I was willing to wait another cycle, but I can’t wait forever,” Daly said …
Exclusive-Fed’s Daly says time is nearing for rate cuts, may need more than two Read More »
(Reuters) -Simon Property Group reported a rise in second-quarter real estate funds from operations (FFO) on Monday, supported by robust leasing demand for the commercial real estate investment trust’s shopping centers. A tight supply of rental properties has allowed mall operators such as Simon Property to raise rental rates. Peer Kimco Realty raised projections for …
Simon Property Group reports rise in quarterly real estate FFO on strong leasing demand Read More »
(Reuters) -TASER maker Axon Enterprise raised its full-year revenue forecast on Monday, betting on continued demand for its software products and security devices. Shares of Axon were up 3.5% in aftermarket trading. The Arizona-based company — known for its law enforcement technology, including TASER energy weapons, body-worn cameras, and digital evidence management systems — has …
Axon raises annual revenue forecast on strong security demand Read More »
By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom’s silicon division launched its next-generation Jericho networking chip on Monday, which is designed to connect data centers over 60 miles (96.5 km) apart and speed artificial intelligence computation. The company’s Jericho4 introduces and improves several features that increase the amount of networking traffic speeding across large networks …
Broadcom launches Jericho chip to advance AI data center networks Read More »
By Chris Kirkham LOS ANGELES, August 4 (Reuters) -Tesla for years had more repeat U.S. customers than any other major automotive brand but its loyalty has plunged since CEO Elon Musk endorsed President Donald Trump last summer, according to data from research firm S&P Global Mobility shared exclusively with Reuters. The data, which has not …
Exclusive-Tesla’s brand loyalty collapsed after Musk backed Trump, data shows Read More »
(Reuters) -Coterra Energy beat Wall Street estimates for second-quarter profit on Monday, as higher production and a rebound in U.S. natural gas prices offset weaker oil prices. Shares of the company rose 1.3% in after-hours trading. The Houston-based shale producer saw increased output across the Permian and Anadarko basins, with total production rising 17% to …
Coterra Energy beats profit estimates on strong output, higher gas prices Read More »
