By Clara Denina, Divya Rajagopal and Julian Luk LONDON (Reuters) -A flurry of copper mining deals are being lined up for the next six to 12 months, industry sources said, as producers seek to spread the soaring cost of new projects for the metal key to the energy transition. The capital needed to develop new…
By Luc Cohen and Jody Godoy NEW YORK (Reuters) -Caroline Ellison, the former chief executive officer of Sam Bankman-Fried’s hedge fund, testified on Tuesday that the former crypto mogul directed her and others to defraud customers of his FTX exchange by taking their money without their knowledge. Ellison, who said she previously dated Bankman-Fried, depicted…
By Sinéad Carew and Shashwat Chauhan (Reuters) – Wall Street indexes closed higher on Tuesday, to notch their third straight day of gains, after dovish comments from U.S. Federal Reserve officials pushed Treasury yields lower as investors cautiously monitored developments in the Middle East. Following comments from top Fed officials on Monday, Atlanta Fed President…
(Reuters) -HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market. Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the pandemic, when work-from-home trends drove up sales of laptops and other…
By Jason Lange WASHINGTON (Reuters) – U.S. President Joe Biden’s popularity was near the lowest level of his presidency this month as Americans’ concerns over immigration rose to their highest level since 2019, before he took office, a Reuters/Ipsos poll showed. The three-day opinion poll, which ended on Sunday, showed 40% of respondents approved of…
BEIJING/SHANGHAI (Reuters) – U.S. automaker Tesla sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease from a year earlier, showed data from the China Passenger Car Association (CPCA) on Sunday. Sales of China-made Model 3 and Model Y cars were down 12.0% from a month earlier. Chinese rival BYD, with its Dynasty and…
By Caroline Valetkevitch NEW YORK (Reuters) – Oil prices jumped more than 4%, gold gained and the safe-haven U.S. dollar edged up against the euro on Monday as military clashes between Israel and the Palestinian Islamist group Hamas fueled worries that the conflict could spread beyond Gaza. U.S. stocks ended higher, with energy shares rising…
By David Shepardson (Reuters) – Chrysler-parent Stellantis said on Monday it is laying off another 570 workers and General Motors announced cuts of nearly 200 employee due to the United Auto Workers strike. Ford said Monday another 70 workers had been laid off in Michigan, bringing the total at the automaker to 1,865 since the…
By Doyinsola Oladipo (Reuters) -Thousands of Las Vegas workers will picket MGM Resorts and Caesars Entertainment casinos on Thursday for the first time in nearly two decades, the unions said, as they contemplate a possible strike. The Culinary Workers and Bartenders Unions seek a new five-year contract with improved wages and benefits as casino operators…
By Arathy Somasekhar HOUSTON (Reuters) -Top U.S. oil producer Exxon Mobil’s planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said. Consolidation, steep cost inflation and investor demands for returns have shrunk production…
