Author: Reuters

US lawmakers ask Biden administration to increase tariffs on Chinese-made drones
March 20, 2024 No Responses

US lawmakers ask Biden administration to increase tariffs on Chinese-made drones

By David Shepardson WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers on Wednesday asked the Biden administration to impose higher tariffs on Chinese drones, including those shipped from other countries, and new incentives to boost U.S. drone manufacturers. Representative Mike...
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Chipotle shares breach $3,000 on first ever stock-split plan
March 20, 2024 No Responses

Chipotle shares breach $3,000 on first ever stock-split plan

By Savyata Mishra (Reuters) -Chipotle Mexican Grill’s stock breached the $3,000 mark for the first time on Wednesday and closed 3.5% higher after the burrito chain’s board approved a 50-for-1 stock split, hoping to entice investors wary of its loft...
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US energy secretary encourages Congress to ban uranium supplies from Russia
March 20, 2024 No Responses

US energy secretary encourages Congress to ban uranium supplies from Russia

WASHINGTON (Reuters) – U.S. Energy Secretary Jennifer Granholm said on Wednesday she encourages the U.S. Congress to ban uranium supplies from Russia, as doing so would free up funds to support domestic development of fuel for next generation nuclear rea...
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Explainer-What is bitcoin’s ‘halving’, and does it matter?
March 13, 2024 No Responses

Explainer-What is bitcoin’s ‘halving’, and does it matter?

LONDON (Reuters) – As bitcoin’s price reaches new heights, attention is turning to its upcoming “halving” and whether it is playing a role in its ascent.  Depending on where you sit, the halving is a vital event that will burnish...
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Stocks slip, US yields edge higher with data eyed
March 13, 2024 No Responses

Stocks slip, US yields edge higher with data eyed

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stock markets edged lower and U.S. Treasury yields rose modestly on Wednesday, as investors looked to the next round of data on inflation and consumer health for clues on the...
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Dollar Tree misses holiday-quarter estimates, to shut nearly 1,000 stores
March 13, 2024 No Responses

Dollar Tree misses holiday-quarter estimates, to shut nearly 1,000 stores

By Granth Vanaik and Anuja Bharat Mistry (Reuters) -Dollar Tree missed market expectations for holiday-quarter sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stores, as the retailer looks to revamp the struggling...
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Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks
March 13, 2024 No Responses

Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks

By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply disruptions after Ukrainian attacks on...
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Pakistan to ask for new, longer-term bailout during IMF review
March 13, 2024 No Responses

Pakistan to ask for new, longer-term bailout during IMF review

By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -The International Monetary Fund (IMF) will hold a second and last review of Pakistan’s $3 billion stand-by arrangement (SBA) this week, the finance ministry and the IMF said on Wednesday, during which...
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Ukrainian drones damage Russian oil refineries in second day of attacks
March 13, 2024 No Responses

Ukrainian drones damage Russian oil refineries in second day of attacks

By Guy Faulconbridge and Lidia Kelly MOSCOW (Reuters) – Ukraine struck Russian oil refineries in a second day of heavy drone attacks on Wednesday, causing a fire at Rosneft’s biggest refinery in one of the most serious attacks against Russia’...
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