By Davide Barbuscia and Matt Tracy NEW YORK (Reuters) – The spreads between U.S. investment-grade corporate bond yields and U.S. Treasuries have surged to their highest in over three months, in a sign of risk aversion due to political uncertainty in France and as U.S. government bonds rallied. Spreads indicate the premium investors demand to…
BEIJING (Reuters) – Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models. The discounting comes as the U.S. tech giant seeks to defend its position in the high-end smartphone market, where it faces increasing competition from local rivals…
By Patricia Zengerle WASHINGTON (Reuters) – U.S. President Joe Biden’s administration faced increasing pressure from both Republicans and his fellow Democrats on Wednesday to ease restrictions on how Ukraine can use weapons provided by the United States in its war against Russia. Senator Ben Cardin, the Democratic chair of the Senate Foreign Relations Committee, noted…
(Reuters) – Two of the world’s biggest solar panel makers, First Solar and Hanwha Qcells, became the first to register products under an environmental ratings system preferred for U.S. government purchasing, an industry group said. Combined, the companies have seven products that meet the EPEAT standard created by the Global Electronics Council, according to Qcells,…
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Friday renewed his criticism of the country’s central bank, dubbing current borrowing costs “unreal,” and saying the recent weakness of the local currency was related to “speculation.” WHY IT’S IMPORTANT Lula, a leftist, has constantly bashed central bank chief Roberto Campos Neto, a…
(Reuters) – Nvidia led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven surge in chip demand. Nvidia’s market cap soared to $2.69 trillion at the end of May, marking a nearly 25% increase during the month, as the announcement…
(Reuters) -Amazon.com said on Wednesday it would discontinue its security robot, Astro for Business, for small- and medium-sized businesses as it shifts its focus to household robots. The e-commerce giant initially launched the canine-like robot for household use in 2021. Astro for Business was launched last November for a range of customers including retail, manufacturing,…
WASHINGTON (Reuters) – U.S. planemaker Boeing faces a “long road” to address safety issues, the head of the Federal Aviation Administration said on Thursday as it prepares to receive the company’s plan to address concerns. In late February, FAA Administrator Mike Whitaker gave Boeing 90 days to develop a comprehensive plan to address “systemic quality-control…
By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction” that the U.S. central bank will cut interest rates once this year, waiting until December to do it. “We need to see more evidence to convince us that inflation is well on our way back down to 2%,”…
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…
