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Wall St ends sharply higher, dollar hits seven-week high as debt limit talks advance

The Cheap InvestorMay 17, 2023May 17, 20230

By Stephen Culp NEW YORK (Reuters) – Wall Street rallied to a higher close on Wednesday, gathering momentum throughout the…

  • Business
  • Economy

Broadcom offers VMware interoperability remedies to address EU concerns -sources

The Cheap InvestorMay 17, 2023May 17, 20230

By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom has offered interoperability remedies in an effort to address European…

  • Business
  • Economy

Pet food manufacturer Alphia explores sale – sources

The Cheap InvestorMay 17, 2023May 17, 20230

By Abigail Summerville NEW YORK (Reuters) – Alphia is exploring options including a sale that could value the private equity-owned…

  • Business
  • Economy

Ex-First Republic CEO blames contagion for bank’s collapse

The Cheap InvestorMay 17, 2023May 17, 20230

(Reuters) – The former chief executive of the First Republic Bank Michael Roffler blamed the bank’s collapse on the contagion…

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US lawmakers want to bar automakers from eliminating AM radio in new vehicles

The Cheap InvestorMay 17, 2023May 17, 20230

By David Shepardson WASHINGTON (Reuters) -A group of bipartisan U.S. lawmakers introduced legislation Wednesday to bar automakers from eliminating AM…

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US dollar scales seven-week peak after solid data, debt-ceiling optimism

The Cheap InvestorMay 17, 2023May 17, 20230

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to a seven-week high on Wednesday, boosted by optimism about…

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BlackBerry expects up to 54% revenue growth in 2026, shares rise

The Cheap InvestorMay 17, 2023May 17, 20230

(Reuters) – BlackBerry Ltd on Wednesday forecast as much as 54% jump in 2026 sales from current year on the…

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U.S. Republican-led states move to block Biden ESG investing rule

The Cheap InvestorMay 17, 2023May 17, 20230

By Daniel Wiessner (Reuters) – A group of Republican-led U.S. states has asked a federal judge in Texas to strike…

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Oil settles up $2 on optimism about US debt ceiling, demand

The Cheap InvestorMay 17, 2023May 17, 20230

By Laura Sanicola (Reuters) -Oil prices settled up about $2 on Wednesday as optimism over oil demand and U.S. debt…

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Volkswagen plans core brand revamp to boost returns -internal memo

The Cheap InvestorMay 17, 2023May 17, 20230

BERLIN (Reuters) -German carmaker Volkswagen plans to overhaul its core brand to increase efficiency and returns, according to an internal…

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