Jerome Powell addresses inflation and labor market concerns, outlining the Federal Reserve’s cautious approach to future monetary policies. Image by tanarch, Adobe Stock Today, Federal Reserve Chair Jerome Powell addressed critical economic issues facing the United States in a talk at the Economic Club of New York. During the speech, Powell discussed the state of...
PetroChina completes the first international crude oil trade using China’s Digital Yuan, marking a watershed moment in the integration of CBDCs into global commerce. Image by RareStock, Adobe Stock PetroChina inked a major deal on October 18, becoming the first company to complete an international crude oil trade using China’s central bank digital currency (CBDC),...
NASHVILLE - HealthStream (NASDAQ:HSTM), a leading provider of workforce and provider solutions for the healthcare industry, reported mixed results for the fourth quarter, surpassing analyst earnings expectations but falling short on revenue. The company announced an adjusted EPS of $0.15 for the quarter, which was $0.05 higher than the consensus estimate of $0.10. However, revenue...
By Doina Chiacu and David Shepardson WASHINGTON (Reuters) -The U.S. government is awarding $1.5 billion to GlobalFoundries (NASDAQ:GFS) to subsidize semiconductor production, the first major award from a $39 billion fund approved by Congress in 2022 to bolster domestic chip production. GlobalFoundries, the world\'s third-largest contract chipmaker, will build a new semiconductor production facility in...
JELD-WEN (NYSE:JELD) Holding, Inc. (NYSE: JELD), a global leader in designing, manufacturing, and distributing building products, reported a stronger-than-expected profit for the fourth quarter, despite a decline in revenue. The company announced adjusted earnings per share (EPS) of $0.37, surpassing the analyst consensus of $0.27. However, revenue for the quarter slightly missed expectations, coming in...
SINGAPORE - Collins Aerospace, a business unit of RTX (NYSE: RTX), has announced that its facility in Tanauan City, Philippines, has transitioned to operating entirely on renewable electricity. This move is part of the company\'s broader commitment to sustainability and reducing greenhouse gas emissions across its manufacturing operations. The Tanauan City site, which falls under...
(Reuters) - U.S. software giant Microsoft (NASDAQ:MSFT) will expand its artificial intelligence (AI) and cloud infrastructure in Spain through an investment of $2.1 billion in the next two years, the company\'s Vice Chair and President Brad Smith said in a post on social media site X. The move comes on the heels of its announcement...
(Reuters) - Japan\'s transport ministry is preparing action against a Toyota Motor (NYSE:TM) Corp affiliate for cheating engine emissions tests, including possibly withdrawing certification for some engine types, Nikkei reported on Monday. The ministry will order Toyota Industries (OTC:TYIDF), the world\'s largest manufacturer of forklift trucks, to take steps to prevent a \"recurrence of the...
-- The Australian Competition Tribunal on Tuesday ruled in favor of ANZ Group\'s (ASX:ANZ) A$4.9 billion ($3.2 billion) purchase of Suncorp Group\'s (ASX:SUN) banking unit- a deal which was initially blocked by the Australian Competition and Consumer Commission. ANZ said it welcomed the decision, with CEO Shayne Elliott calling the move a “significant milestone” in...
SYDNEY (Reuters) - Australia\'s Competition Tribunal approved ANZ Group\'s A$4.9 billion ($3.2 billion) buyout of Suncorp\'s banking business on Tuesday, allowing the bank to press ahead the acquisition. The takeover still requires approval by Australian Treasurer Jim Chalmers and a sign-off from the government of Queensland, where Suncorp is based. Here is some reaction from...