By Lucia Mutikani WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods increased by the most in five months in January while shipments of those so-called core goods rebounded, suggesting that business spending on equipment picked up at the start of the first quarter. Some of the larger-than-expected rise in core capital goods orders…
By Helen Coster and Jack Queen (Reuters) – Fox Corp Chairman Rupert Murdoch acknowledged under oath that some Fox hosts “endorsed” the notion that the 2020 U.S. presidential election was stolen, according to a court filing unsealed Monday. Documents in the case in Delaware State Court show Murdoch and other Fox executives believed Joe Biden…
(Reuters) -Meta Platforms Inc is creating a new top-level product group focused on generative artificial intelligence (AI), Chief Executive Mark Zuckerberg said on Monday, as the AI race among Big Tech firms heats up. AI has emerged as a bright spot for investments in the tech industry, which has been struggling with slowing growth, and…
(Reuters) – Zoom Video Communications Inc on Monday forecast annual revenue below Wall Street estimates, as demand for its video-conferencing services slows down in the face of economic uncertainty. The company expects revenue between $4.44 billion and $4.46 billion for fiscal 2024, compared with analysts’ average estimate of $4.6 billion, according to Refinitiv IBES data….
(Reuters) – The U.S. Federal Trade Commission is expected to challenge Intercontinental Exchange Inc’s $13 billion deal for mortgage software company Black Knight, Politico reported on Monday citing three people with direct knowledge of the matter. (Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri)
BRASILIA (Reuters) – The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday. According to the ministry, the tax revenues from fuels will be 100% recovered with the end of the waiver. The rate on fossil fuels will be higher than biofuels, as…
WASHINGTON (Reuters) – Standard General on Monday said it would press on with its plan to buy television station operator Tegna for $5.4 billion despite a decision by the Federal Communications Commission Media Bureau to hold hearings on the proposed deal. Hedge fund Standard General said the decision to hold hearings was “tantamount to denying”…
By Howard Schneider WASHINGTON (Reuters) -Inflation for a broad array of services in the United States remains “stubbornly high,” Federal Reserve Governor Philip Jefferson said Monday, though slower-growing wages might help slow prices in those parts of the economy as well. Though the Fed has seen some progress in slowing price increases for goods and…
MEXICO CITY (Reuters) – President Andres Manuel Lopez Obrador is holding a call on Monday morning with Tesla Inc. Chief Executive Elon Musk, two officials said, after the Mexican leader revealed he would be talking to the “owner” of the electric vehicle maker. Lopez Obrador made his remark as he was finishing a regular morning…
By Lawrence Delevingne and Amanda Cooper (Reuters) -Wall Street and global shares rebounded on Monday on positive economic data, but were still near six-week lows as investors remained nervous that they should prepare for higher interest rates in the United States and Europe. U.S. core capital goods orders accelerated in January, beating forecasts, according to…
