MEXICO CITY (AP) — Mexico’s economy entered a technical recession at the end of last year with two consecutive quarters of contraction despite annual growth of 5% for 2021. Continuing issues with the global supply chain have been a problem for Mexican assembly plants. Despite COVID-19 infections falling late last year and there being few…
By Chavi Mehta and Krystal Hu (Reuters) -Software company Citrix Systems said on Monday it would be taken private for $16.5 billion including debt by affiliates of Elliott Management and Vista Equity Partners, which are seeking to tap the pandemic-driven boom in cloud computing. The company said its shareholders would get $104 per share, implying…
DETROIT (AP) — Some of Tesla’s loyal band of devotees and CEO Elon Musk say the White House has been unfairly snubbing America’s top-selling electric vehicle brand in its support for EVs as a way to fight climate change — and they’re making their discontent known. More than 33,000 people have signed a petition on…
(Reuters) – The New York Times Co said on Monday it had acquired Wordle, a website-only word game that has seen a recent surge in popularity. (Reporting by Tiyashi Datta in Bengaluru; Editing by Anil D’Silva)
By Jonnelle Marte, Howard Schneider and Ann Saphir (Reuters) – Federal Reserve policymakers are set on raising interest rates in March but spoke cautiously on Monday about what might follow, signaling this rate hike cycle may not come with the same sort of hand-holding and guidance that markets have come to expect. Several Fed officials…
(Reuters) – Video game publisher Electronic Arts Inc named Chris Suh as its new chief financial officer on Monday, replacing Blake Jorgensen. (Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri)
Boeing said Monday that Qatar Airways ordered up to 50 large cargo planes and committed to buying up to 50 Boeing 737 Max jets, a huge win for the U.S. aircraft maker over European rival Airbus. The companies did not disclose financial terms. The list price of the planes would total about $27 billion, but…
By Ann Saphir (Reuters) – How fast and far the U.S. Federal Reserve will raise interest rates once it begins doing so in March will depend on what happens with the economy and, more specifically, with inflation, Richmond Fed President Thomas Barkin said on Monday. “I’d like the Fed to get better positioned, and I…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Monday to end January with their biggest monthly gain in a year, boosted by a supply shortage and political tensions in Eastern Europe and the Middle East. The most-active Brent contract, for April delivery, traded 74 cents higher, or 0.8%, to settle at $89.26 per…
By David French and Bansari Mayur Kamdar (Reuters) – The three main benchmarks all traded higher on Monday at the end of a volatile month for Wall Street, with the tech-heavy Nasdaq flirting with its worst ever start to the year as investors dodged richly valued stocks with aggressive rate hikes on deck. Valuations of…
