By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co’s President and Chief Operating Officer Daniel…
Category: Economy
Fed seen skipping June, maybe hiking in July after jobs data
(Reuters) – Federal Reserve policymakers will probably leave interest rates unchanged when they meet later this month, but keep the…
McCarthy’s moment: Debt ceiling vote secures Republican US House speaker’s standing
By David Morgan WASHINGTON (Reuters) – Kevin McCarthy earned his stripes as Republican speaker of the U.S. House of Representatives…
High-flying C3.ai shares slump as sobering forecast dampens AI hype
By Medha Singh (Reuters) -Shares of C3.ai Inc dropped 13% on Thursday after the software maker’s disappointing quarterly revenue forecast…
Semi shorts down $18 billion in mark-to-market losses in 2023, S3 Partners says
NEW YORK (Reuters) – Short sellers in U.S. shares related to the semiconductor industry are down $18.31 billion in mark-to-market…
Nvidia runaway winner in market cap addition in May
(Reuters) – Nvidia Corp’s market capitalisation jumped the most in May among the top 20 global companies by market value,…
US debt ceiling bill passes House with broad bipartisan support
By David Morgan, Richard Cowan and Moira Warburton WASHINGTON (Reuters) – A divided U.S. House of Representatives passed a bill…
JPMorgan’s Dimon says US, China need ‘real engagement’
HONG KONG (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon on Wednesday warned “uncertainty” caused by the Chinese government…
Nvidia briefly joins $1 trillion valuation club
By Akash Sriram and Samrhitha A (Reuters) – Nvidia Corp briefly joined an elite club of U.S. companies sporting a…
Explainer-How could a US debt ceiling default hit regular Americans?
By Jason Lange WASHINGTON (Reuters) – What could happen on Main Street if Washington’s political showdown over the debt ceiling…