(Reuters) – DoorDash is looking to diversify beyond its core business of delivering restaurant meals to home diners, as the U.S. group seeks ways to invest a growing cash pile, the Financial Times reported on Monday. “The two largest areas of investment are expansion and penetration outside of the U.S., as well as the same…
By Lidia Kelly (Reuters) – Ukraine President Volodymyr Zelenskiy honoured his people’s resilience in times of bloodshed in a long and lyrical New Year speech, while Russian leader Vladimir Putin stressed his country’s unity in a short and stern message that made only passing reference to the war. The speeches – traditional Dec. 31 messages…
By Liz Lee BEIJING (Reuters) -China’s President Xi Jinping exchanged congratulations with U.S. President Joe Biden on the 45th anniversary of diplomatic ties between the two countries, the Chinese foreign ministry said on Monday. Xi, in his message, said both countries have “weathered the storms and moved forward in general”, which has enhanced the well-being…
By Andrea Shalal (Reuters) – Higher consumer spending over the holiday season, real wage gains over the last nine months and a jump in consumer confidence point to a good start for 2024, said Jared Bernstein, chair of the White House Council of Economic Advisers on Sunday. Bernstein told “Fox News Sunday” that President Joe…
(Reuters) – OpenAI’s annualized revenue recently topped $1.6 billion on strong growth from its ChatGPT product, up from $1.3 billion as of mid-October, the Information reported on Saturday citing people with the knowledge of the figure. (Reporting by Jose Joseph in Bengaluru; editing by Diane Craft)
By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock market’s hefty gains in 2023 could provide a lift for equities next year, if history is any guide. The S&P 500 ended the year on Friday with an annual gain of just over 24%. The benchmark index also stood near its first record closing high in…
By Suzanne McGee and Hannah Lang (Reuters) – Asset management firms hoping to be among the first to win regulatory approval to launch exchange traded funds (ETFs) tied to the spot price of bitcoin updated their filings with the Securities and Exchange Commission on Thursday and Friday, as market participants said a decision from the…
By Deep Kaushik Vakil (Reuters) – Gold investors anticipate record high prices next year, when the fundamentals of a dovish pivot in U.S. interest rates, continued geopolitical risk, and central bank buying are expected to support the market after a volatile 2023. Spot gold is on track to post a 13% annual rise in 2023,…
BEIJING/SEOUL (Reuters) -All Boeing 737 MAX jets operated by Chinese carriers are back in service at the end of 2023, the U.S. planemaker’s China head said on Friday, nearly a year after they started flying following a global grounding in 2019. The best-selling Boeing model was grounded after fatal crashes in Indonesia and Ethiopia. The…
By Michael Erman and Patrick Wingrove NEW YORK (Reuters) -Drugmakers including Pfizer, Sanofi and Takeda Pharmaceutical plan to raise prices in the United States on more than 500 drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors. Excluding different doses and formulations, more than 140 brands of drugs will…
