Gold Drops After Blow-Off Top Signal; Netflix Disappoints; Tesla Earnings Ahead
Please click here for an enlarged chart of SPDR Gold Trust ( NYSE:GLD ) .
Read More
Man charged with threatening to kill US presidential candidates found dead
By Jasper Ward WASHINGTON (Reuters) – A New Hampshire man charged with threatening to kidnap and injure Republican presidential candidates last year has been found dead, a U.S. attorney said in a court filing on Thursday. The jury had began their deliberations this week in the trial of Tyler Anderson, who had been accused of…
General Motors approves new $6 billion share buyback plan
(Reuters) -General Motors on Tuesday announced a new $6 billion share buyback plan, just over a month after the automaker raised its dividend on upbeat annual forecast, citing stable prices and demand for gasoline-engine vehicles. The company had in November outlined a $10 billion stock buyback on the heels of reaching a costly new labor…
Amazon’s AWS to invest $1.8 billion in Brazil through 2034
SAO PAULO (Reuters) -Amazon’s cloud computing arm, Amazon Web Services (AWS), will invest 10.1 billion reais ($1.8 billion) in Brazil through 2034 to expand its data center operations in the country, it said on Wednesday. The resources will be used to “expand, build, connect, operate and maintain data centers in Brazil,” the firm said in…
SpaceX’s Polaris crew set for first private spacewalking mission next week
By Joey Roulette WASHINGTON (Reuters) – A four-person crew for SpaceX’s Polaris Dawn mission arrived in Florida on Monday ahead of their Aug. 26 launch to space for a mission that includes the first privately managed spacewalk, a risky endeavor only government astronauts have done in the past. The crew – a billionaire entrepreneur, a…
Explainer-Why Italy’s Superbonus blew a hole in state accounts
By Crispian Balmer and Giuseppe Fonte ROME (Reuters) – Italy’s government said on Tuesday fiscal incentives for home renovations had had a “devastating” impact on public finances over the last four years and were to blame for the expected rise in the country’s massive public debt through 2026. The take-up of the incentives had hit…
White House denies report that Biden is weighing whether to stay in election race
By Ismail Shakil and Katharine Jackson WASHINGTON (Reuters) -The White House dismissed as “absolutely false” a New York Times report on Wednesday that said U.S. President Joe Biden had told an ally he was weighing whether to continue his bid for reelection in November. The report was based on a conversation the Times said Biden…
OpenAI plans to announce Google search competitor on Monday, sources say
By Anna Tong (Reuters) -OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition with search king Google. The announcement date, though subject to change, has not been previously reported. Bloomberg and the Information have reported that Microsoft-backed OpenAI is…
Southwest Airlines jumps after report of Elliott’s $2 billion stake
(Reuters) – Southwest Airlines’ shares rose about 7% in premarket trade on Monday after the Wall Street Journal reported that activist investor Elliott Investment Management had built a nearly $2 billion stake in the U.S. carrier. According to the Journal’s report on Sunday, Elliott is one of Southwest’s largest investors and plans to push for…
US power use forecast to reach record highs in 2024 and 2025
(Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected power demand will rise to 4,096 billion kilowatt-hours (kWh) in 2024 and 4,125 billion kWh in 2025. That compares with 4,000 billion kWh…