By Suzanne McGee and Bansari Mayur Kamdar (Reuters) – Investors in exchange-traded funds (ETFs) flocked to the very short end…
Month: September 2023
FedEx shares pop on hefty profit beat, UPS customer wins
By Lisa Baertlein and Priyamvada C (Reuters) -FedEx surprised investors with a big quarterly profit beat on Wednesday after it…
Amazon drops planned merchant fee as FTC lawsuit looms
(Reuters) -Amazon.com is scrapping a plan to charge merchants who do not use its shipping services an additional fee, a…
Fed keeps rates steady, toughens policy stance as ‘soft landing’ hopes grow
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The U.S. Federal Reserve held interest rates steady on Wednesday but…
Oil prices ease 1% after US Fed warns of higher rates for longer
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 1% to a one-week low on Wednesday after the U.S.…
Musk’s Neuralink to start human trial of brain implant for paralysis patients
(Reuters) -Billionaire entrepreneur Elon Musk’s brain-chip startup Neuralink said on Tuesday it has received approval from an independent review board…
Disney to nearly double parks spending to $60 billion over 10 years
By Dawn Chmielewski (Reuters) -Walt Disney said on Tuesday it would nearly double its capital expenditure for its parks business…
Instacart shares end up 12% on debut after initial pop
By Niket Nishant and Noel Randewich (Reuters) -Instacart’s shares ended up 12% in their Nasdaq debut on Tuesday, failing to…
US House moves ahead with defense policy bill, ‘culture wars’ fight ahead
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. House of Representatives voted 393-27 on Tuesday to send its version of…
In EV battle, Toyota bets on new technology and old-school thinking
By David Dolan TOYOTA CITY, Japan (Reuters) – At factories in Japan’s industrial heartland, Toyota has turned to self-propelled assembly…