Cash the big flow ‘winner’ of 2023 – BofA
LONDON (Reuters) – Global investors put a record $1.3 trillion into cash in 2023, according to a report from Bank…
2023
China bans export of rare earths processing tech over national security
By Siyi Liu and Dominique Patton BEIJING (Reuters) – This Dec. 21 story has been corrected to clarify that the…
Micron shares jump on forecast for quicker recovery in chip demand
(Reuters) -Chipmaker Micron Technology’s shares jumped 7% on Thursday after it predicted a strong recovery in the supply-demand balance for…
CarMax quarterly profit overtakes estimates on cost cuts
(Reuters) -CarMax on Thursday posted a more than two-fold rise in quarterly profit to beat analyst estimates after cost cuts…
Toyota shares slump on safety scandal at Daihatsu, vehicle recall
By Anton Bridge TOKYO (Reuters) -Toyota Motor shares slumped on Thursday as Japan’s transport ministry inspected a subsidiary over safety…
Nippon’s US Steel deal needs scrutiny, says Biden campaign adviser Deese
By Andrea Shalal WASHINGTON (Reuters) – Brian Deese, a key player in President Joe Biden’s 2024 re-election bid, said on…
Exporters explore cargo flights as way out of deepening Red Sea bottleneck
By Jonathan Saul, Helen Reid and Corina Pons LONDON/MADRID (Reuters) -Exporters are scrambling to find alternative air, land and ocean…
FedEx tumbles after sober results, broader market slips
By Shivansh Tiwary (Reuters) -Shares of FedEx sank 12% on Wednesday following dismal results and an outlook that prompted a…
US ‘buy now, pay later’ splurges raise holiday debt hangover risk
By Lisa Baertlein and Arriana McLymore LOS ANGELES/NEW YORK (Reuters) -Roxanne Ross of Florida is one of a growing number…
Russian court fines Google $50.8 million over ‘fake’ information -TASS
MOSCOW (Reuters) – A Russian court fined Alphabet’s Google on Wednesday 4.6 billion roubles ($50.84 million) for failing to delete…