Dollar Signs

Airlines see return to profit in 2023, clash with airports

Reuters | December 6, 2022

By Emma Farge GENEVA (Reuters) -Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds from COVID-19 restrictions, while a new war of words erupted with airports on Tuesday over rising air fares and ground charges. Airlines lost tens of billions of dollars in 2020 and 2021 due to […]

Energy hungry Europe can’t look to U.S. shale to fill any OPEC gap

Reuters | December 6, 2022

By Laila Kearney, Liz Hampton and Arathy Somasekhar NEW YORK/DENVER/HOUSTON (Reuters) – U.S. shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world’s largest producer, but now they are running out of runway. Oil output gains are slowing and executives from some of […]

Will the Fed ‘raise and hold’ rates? Traders bet they will not

Reuters | December 5, 2022

By Ann Saphir (Reuters) – Federal Reserve policymakers have all but promised to dial down the pace of their interest rate hikes next week, and over coming months feel their way to a policy rate high enough to push down on inflation, but not so high as to crash the economy. Once they get rates […]

Musk delivers first Tesla truck, but no update on output, pricing

Reuters | December 2, 2022

By Akash Sriram (Reuters) -Tesla Inc Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo without offering updated forecasts for the truck’s pricing, production plans or how much cargo it could haul. Musk, who appeared onstage at an event at Tesla’s Nevada plant, said the battery-powered, long-haul truck would reduce […]

Twitter suspends Kanye’s account again on violating rules

Reuters | December 2, 2022

(Adds details on account suspension, background) (Reuters) -Twitter Inc on Friday suspended Kanye West’s account again, just two months after the rapper’s account was reinstated, as his tweets violated the social media platform’s rules. Twitter-owner Elon Musk, who calls himself a free speech absolutist, had welcomed the return of the rapper, now known as Ye, […]

Musk set to finally take wraps off Tesla truck – to tough crowd

Reuters | December 1, 2022

By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla is set to unveil on Thursday its long-delayed Semi, a 18-wheeler heavy duty vehicle that has faced skepticism from industry experts who doubt battery electric trucks can take the strain of hauling hefty loads for hundreds of miles. The launch marks the electric carmaker’s first foray into […]

U.S. bans new Huawei, ZTE equipment sales, citing national security risk

Reuters | December 1, 2022

By Diane Bartz and Alexandra Alper (Reuters) -The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies and ZTE because they pose “an unacceptable risk” to U.S. national security. The U.S. Federal Communications Commission said on Friday it had adopted the final rules, which also effectively bar the sale or import […]

Stocks rally, yields and dollar fall as Powell signals slower hikes

Reuters | November 30, 2022

By Sinéad Carew NEW YORK (Reuters) – Wall Street equities closed sharply higher on Wednesday while U.S. Treasury yields declined and the dollar sank after Federal Reserve Chair Jerome Powell said the central bank could slow the pace of interest rate hikes “as soon as December,” even as he cautioned that inflation was still too […]

Disney CEO Iger makes profitable streaming a priority

Reuters | November 29, 2022

By Dawn Chmielewski (Reuters) -Walt Disney Co Chief Executive Bob Iger said on Monday one of his top priorities is to make the company’s streaming business profitable. Iger is responsible for Disney’s all-in embrace of streaming, and the launch of its marquee service, Disney+, but he acknowledged the measurement of success has changed. Wall Street […]

Apple shares slip as China factory unrest fuels iPhone supply concerns

Reuters | November 28, 2022

(Reuters) – Shares of Apple Inc fell 1.4% on Monday as growing worker unrest at the world’s biggest iPhone factory in China fanned worries of a deeper hit to the already constrained production of higher-end iPhone 14 models. Reuters reported on Friday that the Foxconn-operated plant could see a further drop in November shipments as […]

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