Guarantor: JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC has issued $450,000 Auto Callable Contingent Interest Notes due December 5, 2031, linked to the MerQube US Lar…
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Google to blame for slower YouTube speeds in Russia, says senior lawmaker
(Reuters) – YouTube speeds in Russia are set to sharply decline on desktop computers due Google’s failure to upgrade its equipment in Russia and its refusal to unblock channels of Russian media, a senior lawmaker close to the authorities said on Friday. Russia has criticised Alphabet’s Google for taking down YouTube channels of Russian media…
Costco beats quarterly revenue estimates on strong grocery demand
(Reuters) -Costco Wholesale beat third-quarter revenue expectations on Thursday, as cash-strapped consumers flocked to its warehouses to grab low-priced groceries and discretionary items. The membership-only retailer saw resilient demand for its groceries and bakery items as consumers grappling with still-high cost of living preferred cooking more meals at home. With consumers trading down to shop…
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…
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…
Factbox-Key issues discussed by Blinken in talks with Chinese leaders
BEIJING (Reuters) – U.S. Secretary of State Antony Blinken met his Chinese counterpart Wang Yi and Chinese leader Xi Jinping in Beijing on Friday in the latest high-level contacts between the superpowers aimed at keeping tense relations under control. The visit brought little progress on contentious issues, including China’s support for Russia in Ukraine, tensions…
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…
Fed’s big cut may have been closer call than lone dissent suggests
WASHINGTON (Reuters) – The Federal Reserve’s big bang start on Wednesday to what’s expected to be more interest-rate cuts this year and next may have had the full support of only a slim majority of the central bank’s 19 policymakers, a look at their rate-path projections suggests. That’s a closer call than the lone formal…
Exclusive-Nvidia cuts China prices in Huawei chip fight, sources say
By Fanny Potkin SINGAPORE (Reuters) – Nvidia’s most advanced AI chip it developed for the China market has got off to a weak start, with abundant supply forcing it to be priced below a rival chip from Chinese tech giant Huawei, according to sources familiar with the matter. The flattening prices underscore the challenges Nvidia’s…
Adobe forecasts downbeat quarterly earnings on cautious tech spending
(Reuters) – Photoshop maker Adobe forecast fourth-quarter earnings below analysts’ estimates on Thursday, signaling stiff competition and soft demand for its AI-integrated editing tools amid challenging economic conditions. Shares of the company fell 9.2% in extended trading. High interest rates and a tough economy have led enterprises and individuals to focus on cutting costs, putting…