WASHINGTON (AP) — Christopher Waller, a key Federal Reserve official, added his voice Wednesday to a rising number of Fed officials who have suggested that the central bank will likely slow the pace of its interest rate hikes beginning in December. Waller, a member of the Fed’s Board of Governors, said he was open to…
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Chip designer and computing firm Nvidia Corp beat expectations for third-quarter revenue on Wednesday, thanks to strong demand in its data center business on the back of rising cloud adoption. Data center revenue in the third quarter rose 31% from a year ago, while gaming revenue was…
(Reuters) -Argentina’s rising central bank debt poses a risk to the country’s monetary stability, ratings agency Moody’s said on Wednesday, adding it could further stoke inflation and aggravate any exchange rate shock if savers flee from the local peso currency. In that scenario, Moody’s warned, authorities could even freeze peso deposits, an extreme measure which…
(Reuters) – Australian bourse operator ASX Ltd said on Thursday it would take a pretax charge of between A$245 million and A$255 million ($165 million-$172 million) in the first half as it derecognises the software aimed to develop to replace its ageing clearing and settlement system. ($1 = 1.4841 Australian dollars) (Reporting by Sameer Manekar…
MADRID (Reuters) – Trade unions representing about 1,000 Zara shop assistants in the Spanish apparel maker’s hometown of A Coruña will meet with the company on Thursday to negotiate a pay rise, a union leader said. CIG, one of the unions representing shop assistants in the northwestern city, is threatening to strike on Nov. 24…
NEW YORK (AP) — A host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm’s failed business model. FTX has been in the public eye for more than a…
WASHINGTON (AP) — Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. The House Financial Services Committee said Wednesday that it expects to hear from Sam Bankman-Fried, the…
(Reuters) – Eli Lilly & Co Chief Executive Officer Dave Ricks said on Wednesday that the recent imposter Twitter account incident “demonstrates some of the challenges” on the social media platform. Twitter recently saw a surge in fake accounts, with the blue verification check purporting to be listed companies such as Lilly, Nestle and Lockheed…
By Jane Lanhee Lee and Paul Lienert OAKLAND Calif/DETROIT (Reuters) – U.S. chip design firm Advanced Micro Devices Inc on Wednesday said Japan’s major automotive supply company Aisin Corp has chosen AMD’s micro processor to power a new system that can help cars park themselves. “These parking systems have been very much a foothold in…
By Tom Hals and Hyunjoo Jin WILMINGTON, Del (Reuters) – Elon Musk said he was completely focused on Tesla in 2017 when the electric car maker was in “crisis,” in testimony on Wednesday to rebut claims that his $56 billion pay package was based on easy performance targets and approved by a compliant board of…
