By Samuel Indyk and Naomi Rovnick LONDON (Reuters) -Traders were confident in their view that the European Central Bank would keep rates on hold for now after it left policy unchanged, flagging a more resilient economy and appearing more relaxed about the growth outlook. The ECB held the deposit rate at 2% for a third straight…
(Reuters) -Meta Platforms Inc is targeting at least $25 billion in a bond sale, Bloomberg News reported on Thursday, citing people familiar with the matter. Fixed-income news service IFR said the parent of Facebook and Instagram has filed for a six-part bond sale without disclosing a size, and was marketing bonds with maturities ranging from…
(Reuters) -Top technology companies hit fresh valuation milestones in October, as their shares climbed on expectations of robust demand for AI chips and computing infrastructure driven by the artificial intelligence boom. Nvidia’s shares jumped nearly 11% over the past month, adding about $500 billion in market value as it became the first company to reach…
WASHINGTON (Reuters) -U.S. President Donald Trump set the refugee admissions ceiling at 7,500 for fiscal year 2026, the lowest cap on record, a White House document published on Thursday said, part of a broader effort to reshape refugee policies in the U.S. and worldwide. Trump said in an annual refugee determination dated to September 30…
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday said he plans to present three or four candidates to be the next leader of the Federal Reserve to President Donald Trump for him to interview sometime after the Thanksgiving holiday in late November. Bessent said at a CNBC event held on the sidelines of the…
By Krystal Hu and Deepa Seetharaman (Reuters) -Artificial intelligence startup Anthropic is projecting to more than double and potentially nearly triple its annualized revenue run rate next year, fueled by the rapid adoption of its enterprise products, according to two people familiar with the matter. The company is on track to meet an internal goal…
(Reuters) -Wall Street’s biggest banks kicked off third-quarter earnings by highlighting the resilience of U.S. consumers and added that credit has shown no cracks so far despite higher rates and economic uncertainty. Large lenders provide a window into consumer health because their lending, credit card activity and deposit flows reflect how households are spending, borrowing…
(Reuters) -American Battery Technology said on Wednesday the U.S. Department of Energy has terminated its grant for the setting up of a facility for the manufacturing of battery cathode grade lithium hydroxide. Under the grant, DOE’s Manufacturing Energy Supply Chain office would contribute $57.7 million, while the company would put in an equal amount towards…
By Arathy Somasekhar HOUSTON (Reuters) -U.S. oil production growth will stall if prices stay near $60 per barrel, as fewer drilling sites are profitable at that level, the CEO of Diamondback Energy, one of the country’s top oil producers, said on Wednesday. “There’s only so much Tier 1 rock,” Kaes Van’t Hof said while speaking…
(Reuters) -Intel is in early talks to add AMD as a foundry customer, Semafor reported on Wednesday, citing people familiar with the matter. AMD did not immediately respond to a request for comment, and Intel declined to comment. Semafor did not report details of any possible deal. Reuters reported in April that AMD was evaluating…
