By David Shepardson WASHINGTON (Reuters) -Boeing is in talks with the U.S. Defense Department over how the planemaker’s planned guilty plea could affect its extensive government contracts, a person briefed on the matter said. Late on Sunday, the Justice Department said in a court filing that Boeing had agreed to plead guilty to a criminal…
(Corrects to read ‘Tuesday’ (not ‘Wednesday’), in paragraph 1) By Stefano Rebaudo (Reuters) -Sterling hit a 22-month high versus the euro after a sharp rise the day before and was roughly unchanged against the dollar on Tuesday as investors await U.S. inflation data and the outcome of the Federal Reserve’s policy meeting. The single currency…
(Reuters) – Global equity funds had their biggest weekly inflows in more than three months in the seven days to June 26, driven by expectations of moderating U.S. inflation levels that could lead the Federal Reserve to announce interest rate cuts. Investors purchased global equity funds worth a net $21.65 billion during the week, the…
Since the first mainstream media coverage on the growth of Artificial Intelligence (AI), investors have paid close attention to this rapidly growing new industry. Investors are closely monitoring AI-related stocks, hoping to capitalize on this potent megatrend. The implementation and utilization of AI across diverse sectors, including healthcare, finance, manufacturing, and transportation, have unveiled new…
(Reuters) -Chipotle Mexican Grill surpassed market estimates for quarterly sales on Wednesday as demand for its rice bowls and burritos held up even as prices increased, lifting its shares about 15% in extended trading. The California-based chain has been able to buck a larger slowdown in customer traffic within the U.S. restaurant industry, partly because…
WASHINGTON (Reuters) – China has not responded to U.S. nuclear-weapons risk-reduction proposals and Washington has questions about Beijing’s call for no-first-use talks while China continues to build up its arsenal, the top U.S. arms control official said on Wednesday. Under Secretary of State Bonnie Jenkins told the Senate Foreign Relations Committee the U.S. estimates China…
(Reuters) -Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy. Shares of the San Jose, California-based company jumped 14% in extended trading. The company now expects revenue of between $21.40 billion and $21.50 billion,…
(Reuters) -Cardinal Health on Friday agreed to acquire community cancer center operator Integrated Oncology Network for $1.12 billion in cash, marking its expansion into cancer care. The Dublin, Ohio-based company is the latest to join the trend of healthcare service companies diversifying beyond drug distribution. Rival McKesson recently acquired a unit of Florida Cancer Specialists…
By Anirban Sen (Reuters) – Walt Disney said on Wednesday it may have to pay up to $5 billion more to buy Comcast’s minority stake in Hulu, if an appraiser were to agree with Comcast’s assessment that the stake should be valued at more than $40 billion. Earlier this year, Disney and Comcast hired investment…
BEIJING (Reuters) – A decision by the Trump administration to sanction China’s Xiaomi Corp in early 2021 was the catalyst for the company’s decision to build its first electric car, CEO Lei Jun said on Friday. Best known for its smartphones and home appliances, Xiaomi entered China’s crowded EV market this year, part of its…
