Fed reappoints 11 regional bank presidents in unanimous vote
Dec 11 (Reuters) – The Federal Reserve on Thursday said 11 of its regional bank presidents had been reappointed to…
Rivian shares surge as analysts cheer shift to custom self-driving chip, AI strategy
Dec 12 (Reuters) – Shares of Rivian Automotive surged 18% on Friday as analysts issued bullish commentary on the electric…
Investors expect relief in money markets as Fed resumes T-bill purchases
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Investors expect relief in money markets as Fed resumes T-bill purchases
By Davide Barbuscia NEW YORK, Dec 10 (Reuters) – The Federal Reserve’s move to expand its balance sheet again by…
Costco beats quarterly sales estimates on strong demand
Dec 11 (Reuters) – Costco Wholesale beat Wall Street estimates for first-quarter revenue on Thursday, on the back of resilient…
China promises fiscal boost next year, recognises ‘prominent’ imbalance
BEIJING, Dec 11 (Reuters) – Chinese leaders promised on Thursday to maintain a “proactive” fiscal policy next year that would…
Exclusive-Tesla US sales drop to nearly 4-year low in November despite launch of cheaper versions
By Abhirup Roy SAN FRANCISCO, Dec 11 (Reuters) – Tesla’s U.S. sales dropped to a near four-year low in November,…
Trump launches gold card program for expedited visas with a $1 million price tag
By Jeff Mason WASHINGTON, Dec 10 – President Donald Trump’s administration officially launched his “Trump Gold Card” visa program on…
Ukraine prepares to unveil updated peace proposal to US
By Yuliia Dysa and Dan Peleschuk KYIV, Dec 9 (Reuters) – Ukraine and its European partners will soon present the…
Warner Bros fight heats up with $108 billion hostile bid from Paramount
By Harshita Mary Varghese, Aditya Soni and Dawn Chmielewski Dec 8 (Reuters) – Paramount Skydance on Monday launched a hostile…