Nasdaq edges up, S&P 500, Dow decline slightly; more Fed rate hikes in focus
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – The Nasdaq managed a small gain on Wednesday with…
Business
Exclusive-Exxon Mobil expands lithium bet with Tetra Technologies deal
By Ernest Scheyder (Reuters) – Exxon Mobil has agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra…
US banks shrug off turmoil to ace Fed’s annual health checks
By Pete Schroeder WASHINGTON (Reuters) -Big U.S. banks sailed through the Federal Reserve’s annual health check on Wednesday, in a…
Brands focus on stories in refining China livestreaming to boost profits
By Casey Hall SHANGHAI (Reuters) – When tech giant Apple joined China’s livestreaming frenzy, a major driving force of the…
EV maker Lordstown Motors begins bankruptcy embroiled in disputes
By Dietrich Knauth NEW YORK (Reuters) – U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation,…
ECB’s Centeno sees monetary policy pausing soon
LISBON (Reuters) – The European Central Bank is close to being able to pause the trajectory of rising interest rates…
Oracle spending ‘billions’ on Nvidia chips this year – Ellison
By Stephen Nellis MENLO PARK, California (Reuters) – Oracle Corp is spending “billions” of dollars on chips from Nvidia Corp…
Microsoft CEO says exclusive Activision games make ‘no strategic sense’
By Greg Bensinger and Diane Bartz SAN FRANCISCO/WASHINGTON (Reuters) -The leaders of Microsoft and Activision Blizzard on Wednesday sought to…
Chipmaker Micron beats on demand from booming AI, easing glut
By Akash Sriram (Reuters) -Micron Technology beat estimates for third-quarter results on Wednesday, powered by demand for its memory chips…
Mexico airlines lost over $1 billion due to US safety downgrade –industry head
By Kylie Madry MEXICO CITY (Reuters) – Mexico’s two-year-old air safety rating downgrade by U.S. authorities has caused a more-than-billion-dollar…