CHRISTIANSTED, St. Croix (Reuters) -President Joe Biden on Thursday signed a $1.66 trillion bill funding the U.S. government for fiscal year 2023, the White House said in a statement. Biden signed the[...]
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Business
TSMC starts volume production of most advanced chips in Taiwan
TAINAN, Taiwan (Reuters) -Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC) began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairm[...]
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Wall St ends firmer, growth stocks lead in thin trading
By Echo Wang (Reuters) – Wall Street’s main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve’s interes[...]
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EU gives guarded welcome to U.S. guidance on EV tax credits
BRUSSELS (Reuters) – The European Commission gave a guarded welcome on Thursday to guidance by the United States meaning that EU companies could partially benefit from the U.S. Inflation Reducti[...]
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Hedge funds set to mark worst returns in 14 years
By Patturaja Murugaboopathy and Summer Zhen (Reuters) – Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive U.S. interest rate rises hit asset prices[...]
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U.S. Treasury says consumer leases can qualify for EV tax credits
By David Shepardson (Reuters) -The U.S. Treasury Department said on Thursday that electric vehicles leased by consumers can qualify starting Jan. 1 for up to $7,500 in commercial clean vehicle tax cre[...]
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Wall Street surges in dip-buying rally, oil falls
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply higher on Thursday, powered by a rebound in recently battered mega-cap growth stocks, while crude oil prices declined as a surge o[...]
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Biden admin to hold Southwest accountable if it fails to fulfill pledges to customers -Buttigieg
WASHINGTON (Reuters) – The Biden administration will hold Southwest Airlines “accountable” if it fails to fulfill commitments to customers for “controllable delays and cancella[...]
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Analysis-Is the party over? Mexico’s peso could lose solid gains in 2023
By Noe Torres MEXICO CITY (Reuters) – Mexico’s peso, which is ending 2022 with one of its strongest performances in a decade, could have its gains wiped out in 2023 after an expected end t[...]
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