By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded in March from February’s downwardly revised level, drawing support from a persistent
Month: April 2024
Visa results beat estimates on resilient consumer spending
By Manya Saini and Pritam Biswas (Reuters) -Visa’s second-quarter results sailed past Wall Street estimates on Tuesday, as consumers shrugged off worries of a slowing
JPMorgan CEO Dimon says US economy is booming
By Nupur Anand (Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The
AI boom to fuel natural gas demand in coming years, report says
(Reuters) – A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the
TikTok says US House bill that could ban app would ‘trample’ free speech
By Kanishka Singh WASHINGTON (Reuters) -TikTok on Sunday repeated its free-speech concerns about a bill passed by the House of Representatives that would ban the
X vows to ‘robustly challenge’ Australia order to remove stabbing posts
SYDNEY (Reuters) – Social media platform X said on Saturday it would challenge in court an order from an Australian regulator demanding the company remove
Gulf markets subdued on geopolitical tensions, US rate cut concerns
By Ateeq Shariff (Reuters) – Most stock markets in the Gulf were subdued on Sunday amid geopolitical strife and uncertainties surrounding U.S. Federal Reserve policy.
Blinken to press China over its support for Russian defense base
By Simon Lewis and Michael Martina WASHINGTON (Reuters) – The U.S. is prepared to act against Chinese companies supporting Russia’s war in Ukraine, a senior
Lululemon to shutter Washington distribution center, lay off 128 employees
(Reuters) -Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100
Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says
By Federico Maccioni DUBAI (Reuters) – Stablecoin Tether’s recent growth is being driven by its use as an alternative to the U.S. dollar in emerging