US money market funds see large inflows as election nears
(Reuters) – U.S. money market funds attracted substantial inflows in the week to Oct. 23 as uncertainty over the U.S.…
Category: Business
Alphabet’s Waymo closes $5.6 billion funding to expand autonomous ride-hailing service
(Reuters) – Alphabet’s self-driving unit, Waymo, said on Friday it had closed a $5.6 billion funding round led by the…
Nvidia overtakes Apple as world’s most valuable company
By Noel Randewich and Sruthi Shankar (Reuters) – Nvidia dethroned Apple as the world’s most valuable company on Friday, following…
US nuclear regulator hears Three Mile Island power plant restart plan
NEW YORK (Reuters) – Constellation Energy is making its case to restore the operating license for its Three Mile Island…
Arm Holdings to cancel Qualcomm chip design license, source says
(Reuters) -Chip firm Arm is cancelling an architectural license agreement that allows Qualcomm to use its intellectual property to design…
Boeing defense’s business is ‘core’, but struggles abound for new CEO
By Mike Stone WASHINGTON (Reuters) – Boeing CEO Kelly Ortberg anticipates the planemaker’s defense business will continue to struggle under…
RTX boosts 2024 forecasts again on demand for aircraft repairs, defense systems
By Pratyush Thakur and Mike Stone (Reuters) – RTX on Tuesday raised its 2024 adjusted profit and sales forecasts for…
Lockheed Martin lifts profit, sales forecasts on strong demand for weapons
By Pratyush Thakur and Mike Stone (Reuters) – Defense contractor Lockheed Martin on Tuesday joined rival RTX in lifting annual…
Freeport-McMoRan’s third-quarter profit beats on higher copper prices
(Reuters) -Miner Freeport-McMoRan reported a third-quarter profit on Tuesday that beat analysts’ estimates as higher copper prices helped offset a…
Shift to electric vehicles will have far-reaching impact, IMF says
(Reuters) – The global transition toward electric vehicles will have “far-reaching” impacts on investment, production, international trade and employment, the…