By Chibuike Oguh NEW YORK (Reuters) – Shares of Wayfair Inc rose as much as 24% on Thursday to their highest level in more than a year, after the online furniture retailer reported a smaller-than-expected second-quarter loss as orders grew and costs fell. While net revenue fell 3.4% year on year to $3.2 billion, Wayfair…
By David Morgan WASHINGTON (Reuters) – Hunter Biden gave the impression to executives at Ukrainian energy company Burisma that he had leverage because of his father, Joe Biden, and sold those family ties as part of his business brand, a witness told congressional investigators. In a transcript from a closed-door interview released by the Republican-controlled…
By Karl Plume (Reuters) – Global commodities trader Cargill Inc reported this week that its fiscal year 2023 revenue increased 7% from a year earlier to $177 billion, the highest ever for the 158-year-old company. Privately-held Cargill’s strong result released on Wednesday was the latest for a global farm commodities trader after publicly-traded peers Archer-Daniels-Midland…
(Reuters) -A federal judge formally sentenced Robert Bowers to death on Thursday for killing 11 worshippers at Pittsburgh’s Tree of Life synagogue in 2018, the deadliest antisemitic attack in U.S. history. The sentencing hearing came a day after a jury unanimously voted for the death penalty after finding Bowers guilty on 63 counts, including 11…
By Will Dunham WASHINGTON (Reuters) – Not far from Camp David, the U.S. presidential retreat in Catoctin Mountain Park in Maryland, lies the remnants of an iron forge called Catoctin Furnace founded in the late 18th century, an important site for understanding the dawn of the Industrial Revolution in early U.S. history. The site now…
By Amanda Cooper and Yoruk Bahceli LONDON/AMSTERDAM (Reuters) – The Bank of England’s modest rate hike on Thursday soothed politicians’ angst over runaway borrowing costs while its pledge to deliver more if needed signalled to markets that it won’t let up on inflation, but there was little comfort for the pound. After lifting rates by…
NEW YORK (Reuters) – A Long Island Rail Road train derailed outside a station in New York City’s Queens borough on Thursday morning, leaving at least seven people with minor injuries, according to the New York City Fire Department. Firefighters responded to the scene just east of Jamaica station to help rescue the passengers, none…
By Mike Stone WASHINGTON (Reuters) -U.S. officials want to tinker with the mix of chemicals fueling missiles and rockets to gain an advantage in the Pacific by increasing the range of its frontline munitions so U.S. forces can operate farther away from China. The Pentagon and Congress are looking at a retrofit that could extend…
By Arathy Somasekhar and Mrinalika Roy HOUSTON (Reuters) -U.S. oil and gas producer ConocoPhillips slightly raised its full-year output expectations on Thursday, even as it posted a lower-than-expected quarterly profit. Earnings at U.S. oil producers have been dented by weak oil and gas prices in recent months, though higher production at some of the larger…
By Pritam Biswas and Laura Matthews (Reuters) – Intercontinental Exchange on Thursday reported second-quarter profit above Wall Street estimates as higher trading volumes at the New York Stock Exchange parent more than offset weakness in its mortgage technology unit, whose weak outlook weighed on shares. Revenue from ICE’s exchanges segment, its biggest business, rose 9%…
