Gold Drops After Blow-Off Top Signal; Netflix Disappoints; Tesla Earnings Ahead
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US job market resembling pre-pandemic environment, Yellen says
(Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said the U.S. employment picture increasingly resembles the job market that existed prior to the COVID-19 pandemic, and slowing wage growth is not a threat to add to inflation. “The labor market has become a little less hot, a little bit more normal. The number of…
Intel nears $11 billion deal with Apollo for Ireland factory, WSJ reports
(Reuters) -Intel is in advanced talks for a deal with Apollo Global Management in which the equity firm would provide more than $11 billion to build a facility in Ireland, the Wall Street Journal reported on Monday. The move comes as Intel looks to expand its presence across the United States with a planned $100-billion…
No Credit Check Loans from ASAP Finance Have Become a Lifeline for U.S. Borrowers with Bad Credit
ASAP Finance has unveiled enhanced No Credit Check Loans up to $5,000, featuring Guaranteed Approval, Flexible Repayment Options, and Same-Day Depo…
Chinese AI firms showcase resilience, innovations at AI event despite US sanctions
SHANGHAI (Reuters) – Chinese tech companies, from industry giants to ambitious startups, converged at the World AI Conference in Shanghai this week to showcase their latest innovations and express strong support for the country’s artificial intelligence sector even as it faces U.S. sanctions. More than 150 AI-related products and solutions are being exhibited at the…
Volvo shifting EV production to Belgium to evade China tariffs, The Times reports
(Reuters) – Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a crackdown on Beijing-subsidised imports, the Times reported on Saturday. Volvo, which is majority-owned by China’s Geely, was considering halting sales of Chinese-built EVs bound for Europe if tariffs…
Boeing’s new CEO moves to factory heartland to stem safety crisis
By Allison Lampert and David Shepardson WASHINGTON (Reuters) -Boeing’s new CEO Kelly Ortberg said on Thursday he would be based in the planemaker’s birthplace Seattle, moving closer to the factory floor to rein in a safety crisis. Ortberg’s confirmation of earlier reports that he would move to Puget Sound, Washington, rather than Boeing’s corporate headquarters…
Spirit Aero to be broken up as Boeing agrees to $4.7 billion stock deal
By Tim Hepher, Shivani Tanna and Mike Stone (Reuters) -Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier’s loss-making Europe-focused activities, sending shares in all three companies higher in a rare transatlantic break-up. The near-two-decade independence of the world’s largest standalone aerostructures company ended…
Beirut flights cancelled or delayed amid fears of Israeli attack
By Lisa Barrington (Reuters) -Flights to and from Beirut airport were cancelled or delayed on Monday as tensions escalated between Israel and armed political group Hezbollah after a strike in the Israeli-occupied Golan Heights killed 12 children and teenagers. Air France said on Monday that due to the security situation at the destination, it will…
Musk wins pay approval but still faces Tesla’s floundering stock and rich valuation
By Noel Randewich (Reuters) – Tesla shareholders approved CEO Elon Musk’s $56 billion pay package in a what was seen as an endorsement of his leadership, but the electric car maker’s stock remains richly valued even after several years of weakness in shares. Shareholders at Tesla’s annual general meeting on Thursday re-approved Musk’s 2018 record-setting compensation…