By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 2% on Monday as diplomatic efforts in the Middle East intensified in an attempt to contain the conflict between Israel and Hamas, easing inv[...]
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Strong ad sales, stable enterprise spending wind beneath Big Tech earnings
By Yuvraj Malik and Zaheer Kachwala (Reuters) – U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but i[...]
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Merck signs $5.5 billion deal with Daiichi for cancer therapy development
By David Dolan and Kanjyik Ghosh TOKYO (Reuters) -Drugmaker Merck will pay Daiichi Sankyo $5.5 billion to jointly develop three of its candidate cancer drugs, they said, in a deal that could be worth[...]
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Analysis-Bumper US corn harvest sinks prices, pushes global supply to surplus
By Mark Weinraub MAPLE PARK, Illinois (Reuters) – After a dry spring threatened to wither the U.S. corn crop in the fields, farmers are harvesting what will likely be the country’s third-l[...]
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Tesla to recall nearly 55,000 Model X vehicles, auto regulator says
(Reuters) – The U.S. auto regulator on Tuesday said Tesla will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake flui[...]
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Factbox-How the US will cut off China from more AI chips
By Stephen Nellis (Reuters) – The Biden administration on Tuesday issued a sweeping update to restrictions on exporting advanced artificial intelligence to China and other countries. The measure[...]
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Investors zero in on health of consumer with retail sales, earnings
By Lewis Krauskopf NEW YORK (Reuters) – Investors in the coming week will get a look at the state of U.S. consumers – whose spending drives around two-thirds of the economy – with a[...]
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Microsoft closes $69 billion Activision deal after Britain’s nod
By Paul Sandle, Yadarisa Shabong and Aditya Soni LONDON (Reuters) – Xbox maker Microsoft closed its $69 billion deal for Activision Blizzard on Friday, swelling its heft in the video-gaming mark[...]
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OPEC sticks to 2024 oil demand growth forecast
By Alex Lawler LONDON (Reuters) – OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a resilient world economy so far this[...]
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