Dow ends at record high as Fed signals lower borrowing costs in 2024
By Caroline Valetkevitch NEW YORK (Reuters) -The Dow Jones industrial average hit its first record closing high since January 2022…
Pfizer shares sink after it resets 2024 COVID expectations
By Leroy Leo and Michael Erman (Reuters) -Pfizer on Wednesday forecast 2024 sales that could be as much as $5…
Moderna commercial officer steps down, CEO to look over vaccine sales
(Reuters) -Moderna said its Chief Commercial Officer Arpa Garay has stepped down from the role and CEO Stephane Bancel will…
Zelenskiy meets Republican doubts in push for US aid to fight Russia
By Trevor Hunnicutt, Patricia Zengerle and Richard Cowan WASHINGTON (Reuters) -President Joe Biden warned Republicans on Tuesday that they would…
GM, Komatsu to develop hydrogen fuel cells for electric mining truck
By Nick Carey (Reuters) – General Motors and Komatsu said on Tuesday they will jointly develop a hydrogen fuel cell…
Fed seen on policy hold until May as inflation edges up
(Reuters) -The Federal Reserve is seen holding off on any interest-rate cuts until at least May of next year, after…
Oracle tumbles as tepid forecast fans cloud growth concerns
(Reuters) – Oracle shares fell 9% in premarket trading on Tuesday as another quarter of below-expectations cloud sales and a…
Wall St notches new 2023 closing highs, gold slides ahead of CPI, Fed
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended in positive territory and gold slid on Monday, as investors…
Macy’s investors mount $5.8 billion buyout bid
By Abigail Summerville (Reuters) -An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer…
Occidental lands $12 billion takeover of shale producer CrownRock
By Sabrina Valle, Sourasis Bose and Arathy Somasekhar HOUSTON (Reuters) -Occidental Petroleum on Monday agreed to buy closely-held U.S. shale…