WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell unexpectedly last week as the labor market remained resilient despite higher borrowing costs and mounting fears of a recession. Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 183,000 for the week ended Jan. 28, the …
US weekly jobless claims fall; layoffs surge in January Read More »
Market route deepens in Indian tycoon Adani’s shares Adani Enterprises loses $26 bln in value since report Falls after Adani pulled share sale, investors spooked Analysts say signals confidence crisis in the Indian market NEW DELHI/MUMBAI, Feb 2 (Reuters) – Adani Group’s market losses swelled to more than $100 billion on Thursday, sparking worries about …
Adani’s market losses top $100 billion as shelved share sale spooks investors Read More »
Feb 1 (Reuters) – ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, said an average of about …
ChatGPT sets record for fastest-growing user base – analyst note Read More »
TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it will start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and gradually step up sales this decade, in a bid to expand its hydrogen business. Honda will target annual sales of around 2,000 units of …
Honda to start producing new hydrogen fuel cell system co-developed with GM Read More »
Feb 2 (Reuters) – A more dovish-than-expected message from Federal Reserve Chairman Jerome Powell stands to further boost hopes of slowing rate hikes and a so-called soft economic landing that has fueled a powerful rebound in US stocks. For weeks, hopes that easing inflation and cooling growth will allow the Fed to pull back from …
Analysis: Fed feeds Wall Street’s soft landing hopes, though recession fears still loom Read More »
MUMBAI, Feb 2 (Reuters) – The Indian rupee is expected to open stronger on Thursday, as markets perceive the US Federal Reserve to be a bit dovish, with investors keeping an eye on domestic equities after late developments in the Adani saga. The rupee was seen around 81.70 per US dollar in early trades, compared …
Rupee likely to open higher after Fed, local equities in focus Read More »
Federal Reserve hikes rates by 25 bps Powell says for first time disinflation has started Indexes up: Dow 0.02%, S&P 1.05%, Nasdaq 2% Feb 1 (Reuters) – The S&P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve Chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made …
Wall St rallies as Fed’s Powell nodes to ease inflation after rate hike Read More »
SAN FRANCISCO, Feb 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in an effort to cut costs as the EV maker, already grappling with falling cash reserves and a weak economy, braces for an industry -wide price war. The company is focusing resources on ramping up vehicle production and reaching …
Exclusive: EV maker Rivian to cut 6% of jobs amid price war -internal memo Read More »
NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a US short-seller’s criticism wiped billions more off the value of the Indian tycoon’s stocks. The withdrawal of the Adani Enterprises (ADEL.NS) share offering marks a stunning …
Adani abandons $2.5 billion share sale in big blow to Indian tycoon Read More »
LONDON, Feb 1 (Reuters) – Oil prices remained relatively stable after OPEC and its allies stuck to their output policy while the market awaits a US interest rate decision and data on US crude and fuel stockpiles later on Wednesday. Brent crude futures were down 14 cents, or 0.1%, at $85.33 a barrel by 1419 …
Oil prices stable as OPEC+ sticks to policy ahead of Fed meeting Read More »
