By Nivedita Balu and Akash Sriram (Reuters) – Apple Inc is expected to report its first decline in quarterly revenue…
U.S. weekly jobless claims drop to nine-month low; productivity gains speed
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month…
Biden will pick new economic team after State of the Union -officials
By Andrea Shalal and Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden is still weighing candidates for new top…
Bristol Myers’ profit beats on better-than-feared Revlimid sales
By Michael Erman (Reuters) -Bristol Myers Squibb Co on Thursday reported quarterly earnings that beat analysts’ estimates due to a…
ChatGPT sets record for fastest-growing user base – analyst note
By Krystal Hu (Reuters) – ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active…
U.S. factory orders rebound in December
WASHINGTON (Reuters) – New orders for U.S.-manufactured goods rebounded in December, but higher interest rates are weighing on business spending…
Central banks hike rates again, but a pause is coming
LONDON (Reuters) – Major central banks are steadily moving closer to a pause in their aggressive interest rate hiking campaigns.…
U.S. productivity accelerates in fourth quarter
WASHINGTON (Reuters) – U.S. worker productivity increased faster than expected in the fourth quarter, resulting in a moderation in labor…
U.S. layoffs surged in January as tech slashed thousands of jobs – report
By Samrhitha A (Reuters) – Layoffs in the United States hit a more than two-year high in January as technology…
Volvo readies EV blitz in biggest product revamp under Geely
(Corrects second paragraph to say Volvo Cars is 82%-owned by Geely, not wholly owned) By Norihiko Shirouzu (Reuters) – Volvo…