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Universal Music earnings boosted by strong sales

The Cheap InvestorJuly 26, 2023July 26, 20230

(Reuters) -The world’s largest record label Universal Music Group on Wednesday posted a better than expected second quarter core profit…

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Big Tech under pressure as Microsoft results put AI costs in spotlight

The Cheap InvestorJuly 26, 2023July 26, 20230

By Shreyashi Sanyal and Amruta Khandekar (Reuters) – A number of U.S. big tech companies fell on Wednesday as Microsoft’s…

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General Dynamics raises revenue outlook on private jet, military equipment demand

The Cheap InvestorJuly 26, 2023July 26, 20230

(Reuters) -General Dynamics on Wednesday lifted its annual revenue forecast as demand for business jets and military equipment stays resilient,…

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IMF warns Italy on debt, delays in post-COVID recovery plan

The Cheap InvestorJuly 26, 2023July 26, 20230

ROME (Reuters) – Italian policies that slow public debt reduction or delay receiving European pandemic recovery funds could make it…

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US willing to take ‘targeted’ actions against China for national security, Treasury official says

The Cheap InvestorJuly 26, 2023July 26, 20230

WASHINGTON (Reuters) – U.S. Treasury Undersecretary Jay Shambaugh said on Wednesday the Biden administration will not hesitate to take targeted…

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Exclusive-Biden taps ex-Maryland Governor O’Malley to run Social Security agency

The Cheap InvestorJuly 26, 2023July 26, 20230

By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden has picked former Maryland Governor Martin O’Malley to lead the…

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US plans water heater standards, says they will save consumers $11 billion

The Cheap InvestorJuly 26, 2023July 26, 20230

(This July 21 story has been corrected to say the proposed standards are not technologically feasible for some Rinnai products,…

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White House launches methane emission task force to boost leak detection

The Cheap InvestorJuly 26, 2023July 26, 20230

By Valerie Volcovici WASHINGTON (Reuters) – The Biden administration on Wednesday launched a Cabinet-level task force that will corral federal…

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UK budget watchdog warned ex-finance minister Kwarteng about soaring borrowing

The Cheap InvestorJuly 26, 2023July 26, 20230

By Andy Bruce LONDON (Reuters) -Britain’s former finance minister Kwasi Kwarteng held back official warnings that borrowing was on course…

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Russian inflation above 4% target for first time since March – econ ministry

The Cheap InvestorJuly 26, 2023July 26, 20230

(Reuters) – Russia’s annual inflation crept back above the central bank’s 4% target in the week to July 24 for…

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