By Siddharth Cavale NEW YORK (Reuters) – With a mixed picture of consumer demand emerging over the past quarter, earnings results from Walmart and Target on Wednesday and Thursday respectively will shed light on what lies ahead for U.S. retailers ahead of Black Friday. After a turbulent holiday season last year, when inflation peaked, shoppers’…
(Reuters) – Shares of Boeing rose on Monday after a report said China was considering ending its freeze on purchases of the planemaker’s best-selling 737 MAX aircraft after more than four years. This, coupled with bumper jet orders from Middle Eastern airlines at the Dubai Airshow, sent Boeing shares up 4%. Supplier Spirit Aerosystems also…
WASHINGTON (Reuters) – U.S. President Joe Biden wants to re-establish military-to-military ties with China, White House national security adviser Jake Sullivan said on Sunday, days before the president and the Chinese leader are set to meet. Biden will meet Chinese President Xi Jinping in person for the first time in a year on Wednesday during…
By Trevor Hunnicutt and Ernest Scheyder WASHINGTON (Reuters) – The United States and Indonesia on Monday will discuss how to advance a potential minerals partnership aimed a stimulating trade of the electric vehicle (EV) battery metal nickel, according to three people with direct knowledge of the conversations. Next steps that could move the countries toward…
By David Lawder and Ann Saphir SAN FRANCISCO (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday that she agreed with Chinese Vice Premier He Lifeng to “intensify communication” on economic issues but warned him to crack down on Chinese companies that give material support to Russia for its war in Ukraine. The two “had…
By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden will meet Chinese President Xi Jinping face-to-face for the first time in a year on Wednesday, the White House said, in high-stakes diplomacy aimed at curbing tensions between the world’s two superpowers. The closely watched interaction, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in…
By David Morgan WASHINGTON (Reuters) -U.S. House of Representatives Republicans aim to release a stopgap measure to avert a partial government shutdown on Saturday, the morning after the Moody’s credit agency lowered its outlook on the government’s credit ratings to “negative.” A knowledgeable source, who spoke on condition of anonymity, said plans for the release…
By James Pearson LONDON (Reuters) -Internal data from Boeing, one of the world’s largest defence and space contractors, was published online on Friday by Lockbit, a cybercrime gang which extorts its victims by stealing and releasing data unless a ransom is paid. The hackers in October said they had obtained “a tremendous amount” of sensitive data…
(This Nov. 9 story has been corrected to say Avery Klemmer is an investor, not a partner, in paragraph 7) By Krystal Hu (Reuters) – OpenAI’s announcement on artificial intelligence “apps” do not spell the death knell for nascent startups building AI products, two OpenAI investors said at a Reuters NEXT conference on Thursday. Investors…
By Suzanne McGee (Reuters) -Asset management giant BlackRock registered to create an ethereum trust, a potential first step toward asking regulators to approve an exchange-traded fund tied to ether, the second-largest digital token. BlackRock registered the iShares Ethereum Trust as a Delaware statutory trust on Thursday. Nasdaq also filed a proposal on Thursday to list…
