Chips firms seek double $28 billion US subsidies available, Commerce Dept says
By David Shepardson WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo said on Monday most chips companies seeking government subsidies will…
Category: Business
Oil gains over $1 on possible shipping disruptions
By Erwin Seba HOUSTON (Reuters) – Oil prices gained on Monday as European diesel demand, constrained by Russian sanctions and…
AT&T to give billing credits to consumers impacted by outage
By David Shepardson WASHINGTON (Reuters) -AT&T will award billing credits to consumers impacted or potentially impacted earlier this week by…
Exclusive-Broadcom nears $3.8 billion sale of remote access unit to KKR
By Milana Vinn (Reuters) -Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to…
Warren Buffett says Berkshire ‘built to last’ though eye-popping gains are over
By Jonathan Stempel (Reuters) – Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve…
Buffett’s Berkshire posts record profit on insurance, investments
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with…
Ford halts shipments of new F-150 Lightning EVs
By David Shepardson (Reuters) -Ford Motor said on Friday it had halted shipments of all 2024 model year F-150 Lightning…
Analysis-Prices for new US drugs rose 35% in 2023, more than the previous year
By Deena Beasley (Reuters) – Pharmaceutical companies last year launched new U.S. drugs at prices 35% higher than in 2022,…
EV maker Lotus Tech closes up modestly in Nasdaq debut after SPAC merger
By Echo Wang and Lance Tupper NEW YORK (Reuters) -Shares of Lotus Technology closed up 2% in their Nasdaq debut…
S&P, Dow eke out another record closing high as Nvidia momentum endures
By David French (Reuters) – The S&P 500 and Dow Jones Industrial Average eked out another closing record high on…