By Yousef Saba and Maha El Dahan DUBAI (Reuters) -Saudi Arabia’s state-owned oil giant Aramco boosted its dividend despite net profit falling 24.7% to $121.3 billion in 2023 on lower oil prices and volumes, showing the state’s continued reliance on oil revenue as it seeks to diversify. The profit, down from $161.1 billion in 2022,…
WASHINGTON (Reuters) – President Joe Biden’s re-election campaign said on Sunday it raised $10 million in the 24 hours following a fiery State of the Union address, where he accused Donald Trump of threatening democracy and torpedoing a bill to tackle U.S. immigration woes. In a 68-minute address to Congress on Thursday, Biden also charged…
By Ann Saphir and Howard Schneider (Reuters) -Federal Reserve policymakers weighing when to start interest-rate cuts got fresh reasons on Friday to remain on standby, after a government report showed robust job growth in February but also signs of labor market cooling that could help the Fed’s battle with inflation. U.S. employers added 275,000 jobs…
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -President Joe Biden said on Friday he would sign legislation that gives China’s ByteDance about six months to divest the popular TikTok short video app as his rival Donald Trump raised concerns about a ban of the service used by 170 million Americans. The U.S. House of…
By Ananya Mariam Rajesh (Reuters) -Costco’s shares closed down 7.6% on Friday for its worst day since May 2022 after the membership-only retail chain missed second-quarter revenue expectations and signaled a negative impact from lower gasoline prices. Still, at least seven brokerages raised their price target on Costco, with Jefferies raising the most to $905…
By Hyunsu Yim SEOUL (Reuters) -North Korean leader Kim Jong Un guided an artillery firing drill by the Korean People’s Army, the country’s military force, state media KCNA reported on Friday. The drill, carried out on Thursday, involved units near the border that are in firing range of “the enemy’s capital,” KCNA said, referring to…
By Zeba Siddiqui and Raphael Satter (Reuters) -Microsoft said on Friday that hackers linked to Russia’s foreign intelligence were trying again to break into its systems, using data stolen from corporate emails in January to gain new access to the tech giant whose products are widely used across the U.S. national security establishment. The disclosure…
By David Lawder WASHINGTON (Reuters) -U.S. President Joe Biden vowed Thursday to raise taxes on wealthy Americans and large companies, announcing plans in his State of the Union address to hike corporate minimum taxes and cut deductions for executive pay and corporate jets. Biden previewed the steps that will be part of a proposed fiscal…
By Aatrayee Chatterjee (Reuters) -Costco Wholesale fell short of Wall Street estimates for quarterly sales on Thursday due to tepid demand for higher margin goods, pulling its shares down 5% in extended trading. With elevated day-to-day costs hammering household budgets, customers have kept a tight lid on their spending, particularly for big-ticket non-essential purchases such…
By Chris Kirkham and Abhirup Roy LAGUNA BEACH, California (Reuters) -Rivian on Thursday introduced its smaller, less expensive electric R2 SUVs and R3 crossovers with plans to start producing the R2 at its existing U.S. factory to hasten deliveries in the first half of 2026. Rivian shares closed up 13.4% at $12.51 after the company…
