Marketmind: Cold reality of ‘higher for longer’ sets in
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….
Business
Nvidia sees permanent loss of opportunities from China export curbs
(Reuters) -Nvidia’s financial chief said restrictions on exports of artificial intelligence chips to China “would result in a permanent loss…
Apple stock hits record, on cusp of $3 trillion market value
By Akash Sriram and Noel Randewich (Reuters) -Apple’s stock climbed to a record high close on Wednesday and was on…
Arcline tops KKR’s offer for Circor as bidding war intensifies
(Reuters) -Private equity firm Arcline Investment Management proposed to buy Circor International for $1.8 billion including debt on Wednesday, topping…
US Teamsters demand final contract offer from UPS
By Lisa Baertlein LOS ANGELES (Reuters) – The union representing roughly 340,000 U.S. drivers, package handlers and loaders at United…
Auto industry seeks to soften Biden vehicle emissions proposal
By David Shepardson (Reuters) -The trade group representing nearly all major automakers wants the U.S. Environmental Protection Agency to soften…
Chip stocks drop as U.S. mulls fresh curbs on AI access to China
By Medha Singh (Reuters) – Shares of U.S. chipmakers fell on Wednesday following reports that the Biden administration was planning…
Businesses criticise new EU data rules, consumer group sees missed opportunity
By Foo Yun Chee BRUSSELS (Reuters) – Businesses and Big Tech on Wednesday criticised European Union data rules agreed between…
UPS working with experts after phishing attack on some shippers, customers
(Reuters) -United Parcel Service said on Wednesday it is working with law officials and outside experts following reports of phishing…
Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes
By Stephen Culp NEW YORK (Reuters) – The Nasdaq Composite Index closed higher and the dollar rebounded on Wednesday as…