U.S. West Coast ports regain lost volume as competitive pressure mounts
By Lisa Baertlein CHICAGO (Reuters) -Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over…
Business
Wall Street ends higher, dollar climbs on solid data, debt ceiling progress
By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied and the dollar reached a seven-week peak on Thursday as…
US dollar hits seven-week high, bolstered by data, debt ceiling hopes
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to seven-week peaks on Thursday as another round of solid…
Meta announces AI training and inference chip project
By Katie Paul and Stephen Nellis NEW YORK (Reuters) -Meta Platforms on Thursday shared new details on its data center…
Charlie Javice, the startup founder accused of defrauding JPMorgan, is indicted
By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) -The young entrepreneur Charlie Javice has been indicted on charges of…
Applied Materials forecasts third-quarter revenue above estimates
(Reuters) -Chip tools maker Applied Materials Inc forecast third-quarter revenue above market estimates on Thursday, as chipmakers expand production plans…
US manufacturers can’t shake that inflation feeling even as supply snarls ease
By Timothy Aeppel CHICAGO (Reuters) -For Matthew Prange, it’s easy to see why the inflation surge of the last two…
Yellen reaffirms strength of US banking system in meeting with bank CEOs -Treasury
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen reaffirmed the strength and soundness of the country’s banking system in a…
FTX seeks to claw back over $240 million from Embed acquisition
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt crypto exchange FTX is seeking to claw back more than $240 million…
Oil prices settle down 1%; strong US data boosts dollar
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 1% on Thursday after solid U.S. economic data spurred the…