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Scorching heat stresses US power grids, prices soar

The Cheap InvestorJuly 27, 2023July 27, 20230

By Scott DiSavino (Reuters) – U.S. power prices rose to their highest in months in a couple of markets as…

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Kering buys 30% of Italy’s Valentino as Gucci sales lag

The Cheap InvestorJuly 27, 2023July 27, 20230

By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) -French luxury group Kering, which is struggling to revive sales at its…

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Bankman-Fried campaign finance charge dropped, lessening trial’s political focus

The Cheap InvestorJuly 27, 2023July 27, 20230

By Luc Cohen NEW YORK (Reuters) – The decision by U.S. prosecutors on Wednesday to drop a campaign finance charge…

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Oil settles above April peak on tighter supply

The Cheap InvestorJuly 27, 2023July 27, 20230

By Laura Sanicola (Reuters) -Oil settled higher Thursday, with Brent crude topping $84 a barrel for the first time since…

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US bank regulators announce sweeping proposals on capital rules

The Cheap InvestorJuly 27, 2023July 27, 20230

WASHINGTON (Reuters) -U.S. regulators unveiled a sweeping overhaul Thursday that would direct banks to set aside billions more in capital…

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ECB fans talk of September pause after raising rates to 23-year high

The Cheap InvestorJuly 27, 2023July 27, 20230

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank raised interest rates for the ninth consecutive time…

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Biden seeks heat hazard alert, provides $1 billion to plant trees

The Cheap InvestorJuly 27, 2023July 27, 20230

WASHINGTON (Reuters) – U.S. President Joe Biden said on Thursday he had asked Acting Labor Secretary Julie Su to issue…

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Ferrovial first-half profit more than doubles, helped by US road revenue

The Cheap InvestorJuly 27, 2023July 27, 20230

MADRID (Reuters) – Infrastructure giant Ferrovial on Thursday reported a first-half net profit of 114 million euros ($125 million), more…

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AbbVie trims forecast for Humira sales drop on favorable coverage

The Cheap InvestorJuly 27, 2023July 27, 20230

By Leroy Leo and Patrick Wingrove (Reuters) -AbbVie on Thursday trimmed its 2023 view for declining sales of its flagship…

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US Supreme Court removes obstacle to Mountain Valley Pipeline

The Cheap InvestorJuly 27, 2023July 27, 20230

By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Thursday removed an obstacle to completing the long-delayed Mountain…

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