By Michelle Price WASHINGTON (Reuters) – The U.S. Federal Reserve on Thursday released scenarios for its annual bank health checks which will assess how well 32 large lenders would fare under a severe economic shock, including a U.S. jobless rate of 10% and a collapse of real estate prices. The Fed’s annual “stress tests,” introduced…
By Medha Singh (Reuters) -Shares of smaller AI firms rallied on Thursday after the world’s most dominant artificial intelligence chipmaker, Nvidia, disclosed stake in them, offering clues on its growth strategy. The rally showed Nvidia’s growing influence in the AI world as its market value grows at a scorching pace, making it the third most-valuable…
By Bianca Flowers and Shivansh Tiwary (Reuters) -Deere & Co cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket equipment purchases due to high borrowing rates and falling crop prices, even as its first-quarter sales and profit topped Wall Street estimates. Shares of the world’s largest farm equipment maker were down…
(Reuters) – Canadian miner Nouveau Monde Graphite said on Thursday it has agreed to sign a multi-year supply agreement with a unit of General Motors and would receive $150 million in equity investment from the automaker. Under the agreement, the Canadian firm would provide 18,000 tonnes per annum of refined graphite from the second phase…
