By David Stanway and Riham Alkousaa (Reuters) -The world is not on target to curb global warming and more action is needed on all fronts, the United Nations warned on Friday, in the run-up to crucial international talks aimed at stemming the climate crisis. The Global Stocktake report, the latest warning from the U.N. about…
NEW YORK (Reuters) – Gaming company Roblox plans to launch its immersive digital worlds platform on Sony’s PlayStation devices in October, giving it access to the hundreds of millions of people who use the world’s most popular gaming consoles. Roblox will also make its app fully available on Meta’s Quest mixed reality devices this month…
(Reuters) -A surging stock market powered U.S. household wealth to a record high of more than $154 trillion in the second quarter, aided by a rebound in property values, Federal Reserve data out on Friday showed. Household net worth rose 3.7% to $154.28 trillion in the period from April through June from $148.79 trillion at…
By Aditya Soni and David Shepardson (Reuters) – Beijing’s widening curbs on iPhone use by government staff raised concerns among U.S. lawmakers on Thursday and fanned fears that American tech companies heavily exposed to China could take a hit from rising tensions between the countries. Apple closed down 2.9% on Thursday and suffered its worst…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams on Thursday kept his options open over future U.S. interest rate policy, acknowledging falling inflation and a better balanced economy, which suggests there is no urgency for a rate rise later this month. When it comes to the current…
(Reuters) -Electric-vehicle maker Rivian Automotive will benefit late this year and in 2024 from a significant deflation for battery material prices, finance chief Claire McDonough said at a technology conference on Thursday. Prices for raw materials used in batteries surged to record highs in recent years on burgeoning demand for EVs, coupled with tight supplies…
By Amina Niasse NEW YORK (Reuters) – Key U.S. mortgage interest rates fell for a second week but held above 7% and remained near the highest in decades, according to a survey released Thursday by housing finance giant Freddie Mac. The average contract rate on 30-year-fixed-rate mortgages declined to 7.12% as of Thursday from 7.18%…
By Deena Beasley and Julie Steenhuysen (Reuters) – New data from scientists and vaccine makers Moderna and Pfizer/BioNTech suggests that a newer, highly mutated variant of the virus that causes COVID-19 is not as alarming as some experts had feared when it was first detected several weeks ago. Nicknamed “Pirola” on social media, the BA.2.86…
By Caroline Valetkevitch NEW YORK (Reuters) – World stock indexes fell while the benchmark U.S. Treasury yield rose and the U.S. dollar hit its highest in six months on Wednesday after stronger-than-expected U.S. services sector data suggested inflation pressures remain. Weighing heavily on Wall Street stock indexes, shares of Apple fell 3.6% after the Wall…
By Akash Sriram (Reuters) -GameStop on Wednesday beat Wall Street estimates for quarterly revenue and posted a smaller-than-expected loss, buoyed by strong demand for videogames, collectibles and consoles. The company’s shares rose nearly 6% in extended trading as the results indicated that efforts to boost its digital presence were paying off. Executive chairman and top…
