By Chavi Mehta (Reuters) -Texas Instruments forecast second-quarter revenue and profit below Wall Street estimates on Tuesday, signaling demand weakness is spreading to most of the analog chipmaker’s end-markets. A chip supply glut, which started from the consumer electronics market, has seeped into broader markets like enterprise and industrial as rising interest rates saps spending…
By Arshreet Singh (Reuters) -Enphase Energy Inc reported market-beating profit in the first quarter on strong sales in Europe, but forecast second-quarter revenue below Wall Street expectations, sending its shares down as much as 17% in extended trading on Tuesday. The company expects second-quarter revenue between $700 million and $750 million, below analysts’ estimate of…
By Michael S. Derby (Reuters) – The Federal Reserve Bank of New York on Tuesday added new limitations to the terms governing who can access a well-used tool it uses to help manage short-term interest rates. The bank said that firms that want to use its reverse repo facility should only apply for access if…
By Howard Schneider and Dan Burns (Reuters) -Many of the fastest-growing occupations held by U.S. workers in the run-up to the pandemic, such as management, finance and transportation, gained even more ground in the first two years of the health crisis, government data released on Tuesday showed. The Labor Department’s annual snapshot of occupations and…
By David Shepardson WASHINGTON (Reuters) – California-based battery manufacturer startup Sparkz Inc said Tuesday it had agreed to a partnership with the United Auto Workers (UAW) union as it finalizes plans to begin commercializing zero-cobalt, zero-nickel battery production. The UAW has been working to organize new battery facilities as the auto industry shifts to electric…
By Arathy Somasekhar HOUSTON (Reuters) -Oil dropped 2% to its lowest this month on Tuesday after two sessions of gains, as deepening concerns of an economic slowdown and a stronger dollar outweighed hopes of higher Chinese demand. Brent crude fell by $1.96, or 2.4%, to settle at $80.77 a barrel, its lowest close since March…
By Gram Slattery ARLINGTON, Virginia (Reuters) -Former South Carolina Governor Nikki Haley said on Tuesday she was personally against abortion rights but bore no ill will for those who felt differently, in a rare foray by a Republican White House hopeful into one of the more sensitive issues of the 2024 U.S. election campaign. In…
By Jack Queen and Luc Cohen NEW YORK (Reuters) -With Ed Sheeran on the witness stand in Manhattan federal court on Tuesday during a copyright trial, jurors were warned to keep their composure while watching a video of the British pop star performing a medley of his hit song “Thinking Out Loud” and the classic…
By Bianca Flowers and Kevin Mohatt (Reuters) – Colorado’s governor signed the nation’s first right to repair legislation into law on Tuesday, giving the state’s farmers and ranchers the autonomy to fix their own equipment. The bill, which requires manufacturers such as Deere & Co to provide manuals for diagnostic software and other aids, garnered…
SEOUL (Reuters) – South Korean consumers’ inflation expectations fell in April to the lowest in nearly a year, a central bank survey showed on Wednesday, while overall consumer sentiment hit a 10-month high. The median of consumers’ inflation expectations for the next 12 months fell to 3.7% in April from 3.9% in March, according to…
