Reuters | February 22, 2024
By Curtis Williams HOUSTON (Reuters) -U.S. liquefied natural gas (LNG) company Cheniere Energy on Thursday forecast a lower core profit for 2024 as prices of the fuel buckle under excess supply. Record production, ample inventories in storage and relatively mild weather conditions led to a nearly 40% fall in average Henry Hub prices for U.S. […]
Reuters | February 21, 2024
SAN FRANCISCO (Reuters) – Google on Wednesday released new artificial intelligence (AI) models that outside developers potentially can fashion as their own, following a similar move by Meta Platforms and others. The Alphabet subsidiary said individuals and businesses can build AI software based on its new family of “open models” called Gemma, for free. The […]
Reuters | February 20, 2024
By Akash Sriram (Reuters) – Los Angeles-based startup Arc on Tuesday launched a new mass-market electric sport boat, months after the company backed by basketball player Kevin Durant and Hollywood star Will Smith raised $70 million in early-stage funding. Called Arc Sport, it is priced at $258,000 and comes about two years after the company, […]
Reuters | February 16, 2024
By Gursimran Mehar and Ananya Mariam Rajesh (Reuters) -Nike will cut about 2% of its total workforce, or more than 1,600 jobs, the sportswear giant said late on Thursday to lower expenses as demand for its shoes and sneakers comes under pressure. Higher rental and interest rates have led customers to cut back spending on […]
Reuters | February 15, 2024
(Reuters) – Target said on Thursday it will offer some everyday essentials at prices starting less than a dollar as part of the retailer’s new private-label brand. The move comes at a time when value-conscious customers are increasingly opting for cheaper private-label brands as cost-of-living pressures strain household budgets. Prices of products such as apparel, […]
Reuters | February 14, 2024
WASHINGTON/LONDON (Reuters) -The total value invested in bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021 as inflows to U.S. spot bitcoin exchange-traded funds continued to support cryptocurrency prices. Bitcoin’s price reached as high as $52,079 on Wednesday, its latest 25-month high. It was last up 4.29% at $51,690, taking the […]
Reuters | February 13, 2024
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock market indexes dropped, the 10-year U.S. Treasury yield hit a 2-1/2-month high and the dollar touched a three-month peak against the yen on Tuesday after data showed U.S. inflation slowed less than expected in January. The U.S. consumer price index report pushed back market expectations that any […]
Reuters | February 13, 2024
By Carolina Mandl, Johann M Cherian and Ankika Biswas (Reuters) -The Nasdaq slipped on Monday afternoon after briefly surpassing its record closing high from November 2021, while the Dow rose modestly ahead of two U.S. inflation reports this week that could influence Federal Reserve policy. The benchmark S&P 500 closed slightly lower but remained just […]
Reuters | February 9, 2024
By Sinéad Carew and Sruthi Shankar (Reuters) -S&P 500 closed above 5,000 for the first time on Friday and Nasdaq briefly traded above 16,000, with boosts from megacaps and chip stocks, including Nvidia as investors bet on artificial intelligence technology and eyed strong earnings data. Nvidia finished up 3.6% and hit a record high after […]
Reuters | February 8, 2024
By Samrhitha A (Reuters) -Arm Holdings shares surged more than 55% on Thursday, on track for their best day since a blockbuster market debut in September, powered by strong forecasts on demand for its technology to design chips for artificial intelligence features. The surge would put the British chip designer’s market value at more than […]