Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Costco tops quarterly sales, profit estimates on strong demand for cheaper groceries
By Granth Vanaik (Reuters) -Costco Wholesale topped Wall Street estimates for quarterly sales and profit on Thursday, as more customers turned to its stores to shop for cheaper groceries and essential...
Dec 14, 2023
Brazil stocks reach record high after fresh rate cut, Fed signals
SAO PAULO (Reuters) - Brazilian stocks rose to a record high on Thursday, as the U.S. Federal Reserve signaled toward lower interest rates in 2024, while the local central bank cut benchmark rates by ...
Dec 14, 2023
Freepoint settles US charges over multi-year bribery scheme
NEW YORK (Reuters) -Freepoint Commodities LLC has agreed to pay over $98 million to settle U.S. charges in connection with a scheme to misappropriate material non-public information and bribe Brazilia...
Dec 14, 2023
Intel chief ready to go it alone on chip manufacturing
By Kenneth Li and Max A. Cherney (Reuters) - Intel Chief Executive Pat Gelsinger on Thursday said the company has no plans to spin out its contract chip manufacturing business. Gelsinger has moved Int...
Dec 14, 2023
Musk’s X receives Pennsylvania money license in push toward payment features
By Sheila Dang and Pete Schroeder (Reuters) - Elon Musk's social media platform X, formerly known as Twitter, took a step closer to offering payment features after receiving a money-transmitter licens...
Dec 14, 2023
Germany lifts spending freeze after budget deal clinched, document shows
BERLIN (Reuters) - Germany's finance ministry has lifted a freeze on new spending that was imposed more than three weeks ago, according to a letter seen by Reuters on Thursday. The move comes a day af...
Dec 14, 2023
Bank of Mexico holds key interest rate at 11.25% for sixth straight time
MEXICO CITY (Reuters) -The Bank of Mexico held its benchmark interest rate at 11.25% for a sixth consecutive monetary policy meeting on Thursday, as expected, saying progress on bringing inflation dow...
Dec 14, 2023
Fed seen pivoting to interest rate cuts in March, perhaps earlier
(Reuters) - The Federal Reserve's signal on Wednesday that its interest rate hiking campaign is over triggered a drop in bond yields and a rash of market bets on U.S. rate cuts next year, marking a sh...
Dec 14, 2023
Bank stocks rally to pre-crisis levels after Fed meeting
By Sinad Carew (Reuters) - Shares in U.S. banks were rallying strongly on Thursday after the Federal Reserve signaled potential interest rate cuts in 2024 with the sector returning to its highest leve...
Dec 14, 2023
Wyndham franchisees question possible Choice merger, association says
By Doyinsola Oladipo NEW YORK (Reuters) - A major U.S. hotel owners association said its Wyndham Hotels & Resorts franchisee members are worried an acquisition by budget operator Choice Hotels Interna...
Dec 14, 2023
