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News
Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz
40+ min ago (92+ words) whtc.com Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz BEIJING, Sept 14 (Reuters) – Oil prices rose more than $3 at market open on Monday, after new strikes on Saudi Arabia and on ships in the Gulf…...
Ahead of Fed meeting, Trump says US should have world’s lowest interest rate
6+ hour, 4+ min ago (374+ words) By Bo Erickson, Padraic Halpin and Conor Humphries DOONBEG, Ireland, Sept 13 (Reuters) – No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve’s next policy meeting. Speaking to reporters at…...
Macy’s lifts annual forecast as luxury banners thrive under CEO turnaround
3+ day, 10+ hour ago (376+ words) Sept 10 (Reuters) – Macy’s raised its annual sales and profit forecasts on Thursday, buoyed by robust spending among higher-income shoppers at its upscale Bloomingdale’s and Bluemercury chains despite economic pressures in the United States. The department-store operator has been pursuing its…...
Texas Stock Exchange captures first primary equity market listings from NYSE
3+ day, 1+ hour ago (544+ words) PROVIDENCE, Rhode Island, Sept 10 (Reuters) – The fledgling Texas Stock Exchange on Thursday scored another victory against established New York trading venues, convincing three related energy partnerships to shift their primary listing from the New York Stock Exchange to Dallas. In…...
Oracle’s quarterly revenue beats estimates as AI boom drives cloud demand
3+ day, 2+ hour ago (321+ words) Sept 10 (Reuters) – Oracle topped Wall Street expectations for first-quarter revenue on Thursday and lifted its annual profit forecast, boosted by strong demand for its cloud computing services from surging enterprise spending on AI. Shares of the company, which have fallen…...
AI chip startup Positron’s valuation skyrockets in latest funding round
3+ day, 7+ hour ago (269+ words) Sept 10 (Reuters) – Positron AI, a startup developing chips to run AI models, said on Thursday it has raised $875 million in its latest funding round, more than quadrupling its valuation in seven months to $5 billion. The startup had raised $230 million in…...
Chemours, DuPont, Corteva settle North Carolina ‘forever chemicals’ claims for $455 million | 1450 AM 99.7 FM WHTC | Holland
3+ day, 11+ hour ago (214+ words) Sept 10 (Reuters) – Chemours, DuPont and Corteva on Thursday reached a $455 million settlement with North Carolina and 11 local entities over PFAS contamination claims tied to Chemours’ Fayetteville Works plant and other historical discharges. Lawsuits accusing major chemical companies of polluting U....
EU watchdog flags risk of abrupt market correction
3+ day, 9+ hour ago (291+ words) By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s financial watchdog said on Thursday, citing conflict in the Middle East and rising energy…...
S&P 500, Nasdaq futures extend losses slightly after August PPI data
3+ day, 10+ hour ago (133+ words) 1450 AM 99.7 FM WHTC S&P 500, Nasdaq futures extend losses slightly after August PPI data Sept 10 (Reuters) – The S&P 500 and Nasdaq futures extended losses slightly on Thursday after producer prices data for August. A Labor Department report showed the Producer…...
White House copper tariff plan stalls amid affordability concerns, sources say
3+ day, 12+ hour ago (673+ words) By Jarrett Renshaw and Ernest Scheyder Sept 10 (Reuters) – The White House has not yet made a decision on refined copper tariffs as officials juggle concerns that higher prices for the red metal could raise manufacturing costs against the potential benefits…...