By Mike Stone WASHINGTON (Reuters) – The Pentagon announced on Wednesday that it will add two new types of drones…
Year: 2024
Hertz posts weaker-than-expected quarterly results, shares fall
(Reuters) – Hertz Global reported a wider-than-expected third-quarter loss and missed revenue estimates on Tuesday, hurt by depreciation charges from…
US consumers see lower inflation and debt delinquency risk, NY Fed survey shows
(Reuters) – U.S. consumers in October grew more confident about inflation continuing to ease and in the health of the…
SoftBank books $7.7 billion quarterly gain as Vision Fund finds its feet again
By Anton Bridge TOKYO (Reuters) -Japan’s SoftBank Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the…
Wall Street dips with focus on tariffs, economic data
By Sinéad Carew and Lisa Pauline Mattackal (Reuters) -Wall Street’s main indexes fell on Tuesday as investors booked profits from…
As Donald Trump staffs up for second term, only MAGA loyalists need apply
By Gram Slattery and Alexandra Ulmer WEST PALM BEACH, Florida (Reuters) – As advisers and allies of Republican President-elect Donald…
How a Trump presidency could lead to a purge at the Pentagon
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) – During his campaign for re-election, Donald Trump vowed to purge the…
China steelmakers gird for indirect Trump tariffs hit
By Amy Lv and Tony Munroe BEIJING/SINGAPORE (Reuters) – China’s steel industry, already struggling with overcapacity and weak domestic demand,…
TSMC to suspend production of advanced AI chips for China from Monday, FT reports
(Reuters) -Taiwan Semiconductor Manufacturing Co (TSMC) has notified Chinese chip design companies that it is suspending production of their most…
American Airlines loses US appeal of ruling barring JetBlue alliance
By Nate Raymond and David Shepardson (Reuters) -A U.S. appeals court on Friday held that a trial judge correctly found…