By Mike Stone and Pratyush Thakur WASHINGTON (Reuters) – Raytheon Technologies Corp reported a 4% rise in quarterly adjusted profit on Tuesday, as the aerospace and defense company saw strong Ch[...]
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Economy
Bitcoin could hit $100,000 by end-2024, Standard Chartered says
By Elizabeth Howcroft LONDON (Reuters) -Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called “crypto winter” is[...]
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Airline capacity constrained until 2025 due to delivery delays, spare parts -IATA
DUBLIN (Reuters) – Global airline capacity will be lower than expected this year and stay constrained until 2025 at the earliest, warned IATA director general Willie Walsh, due to delays in new[...]
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US March CPI comes in on the cool side
NEW YORK (Reuters) – U.S. consumer prices barely rose in March as the cost of gasoline declined, but stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the[...]
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Britain’s Cineworld shareholders to be wiped out in restructuring plan
(Reuters) -Cineworld said on Tuesday it had filed a reorganisation plan in a Texas bankruptcy court that will effectively wipe out existing shareholdings, sending its stock to an all-time low. The fil[...]
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Oil settles lower as rate-hike worries balance tighter supplies
By Laura Sanicola (Reuters) -Oil prices settled lower on Monday, after rising for three straight weeks, as concern about further interest rate hikes that could curb demand balanced the prospect of a t[...]
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Why U.S. natural gas output keeps rising as prices sink
By Scott DiSavino (Reuters) – U.S. natural gas prices last week plunged to a 30-month low, crossing below $2 per million British thermal units (mmBtu) for the second time this year, even as some[...]
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Fed may stick with one more rate hike even as inflation cools
By Ann Saphir (Reuters) -Federal Reserve policymakers may take some comfort from data on Friday showing a key gauge of inflation cooling in February, but it’s far from clear if it marks enough h[...]
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Mercedes amps up renewable energy switch with Iberdrola wind deal
By Victoria Waldersee and Ilona Wissenbach BERLIN (Reuters) -Mercedes-Benz said on Thursday it had signed a power purchase agreement (PPA) with Spain’s Iberdrola for 140 megawatts (MW) of wind e[...]
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