by Reuters | Mar 11, 2024 | Business
By Michael S. Derby NEW YORK (Reuters) -The public’s expectations around the longer-run trajectory of inflation deteriorated in February, a report from the Federal Reserve Bank of New York said Monday. While inflation a year from now was seen holding steady at 3%,...
by Reuters | Mar 8, 2024 | Business
By Ananya Mariam Rajesh (Reuters) -Costco’s shares closed down 7.6% on Friday for its worst day since May 2022 after the membership-only retail chain missed second-quarter revenue expectations and signaled a negative impact from lower gasoline prices. Still, at...
by Reuters | Mar 8, 2024 | Business
By Greg Bensinger SAN FRANCISCO (Reuters) – Google has been touting the myriad innovations in the first building wholly designed and built by the web giant, even moving workers in to focus on its highest-profile project: generative artificial intelligence. But,...
by Reuters | Mar 8, 2024 | Business
(Reuters) – Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, is set to win more than $5 billion in federal grants from the U.S. government for setting up a chipmaking plant in Arizona, Bloomberg News reported on Friday....
by Reuters | Mar 8, 2024 | Business
By Jonathan Stempel NEW YORK (Reuters) -A federal appeals court on Friday revived a lawsuit where investors accused Binance, the world’s largest cryptocurrency exchange, of violating U.S. securities laws by selling unregistered tokens that lost much of their...
by Reuters | Mar 8, 2024 | Business
By Hannah Lang (Reuters) – Bitcoin briefly rallied to a record high on Friday in volatile trading, as crypto mania continued to sweep through the investment community. The leading cryptocurrency topped the $70,000 mark for the first time, boosted by investor...