[ad_1] TUSTIN, Calif. (Reuters) – General Motors Co unveiled on Thursday its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as the No. 1 U.S. automaker faces mounting
Gold surges above $1,450 as rate cut hopes, Iran tensions fuel demand
[ad_1] (Reuters) – Gold on Friday surpassed the key $1,450 level for the first time since May 2013, after comments from a top Federal Reserve official bolstered expectations of an interest rate cut, while fresh
Microsoft shares hit record highs, powered by growing cloud sales
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs. FILE PHOTO: The
Oil rises after U.S. Navy destroys Iranian drone
[ad_1] TOKYO (Reuters) – Oil prices rose more than 1% on Friday after the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising tensions
Asia stocks gain, dollar sags as Fed reinforces rate cut expectations
[ad_1] TOKYO (Reuters) – Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut later this month. FILE PHOTO: A
Exclusive: WeWork to host Wall Street analyst day in IPO push – sources
[ad_1] NEW YORK (Reuters) – The We Company, parent of flexible workspace operator WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company steps up its preparations for
U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks
[ad_1] CHANTILLY, France/WASHINGTON (Reuters) – U.S. and Chinese officials spoke by telephone on Thursday as the world’s two largest economies seek to end a year-long trade war, with U.S. Treasury Secretary Steven Mnuchin suggesting in-person
Microsoft beats estimates, powered by growing cloud profits
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows. FILE PHOTO: The
Boeing takes $4.9 billion charge related to 737 MAX
[ad_1] SEATTLE (Reuters) – Boeing said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter related to estimated disruptions from the grounding of its money-spinning 737 MAX after two
Fed’s Williams argues for vaccinating economy when rates are low
[ad_1] NEW YORK (Reuters) – Policymakers need to add stimulus early to deal with too-low inflation when interest rates are near zero and cannot wait for economic disaster to unfold, a Federal Reserve policymaker said