US value stocks offer opportunities for bargain-hunters, BofA’s Subramanian says
By Suzanne McGee (Reuters) – Value stocks offer some of the most compelling valuations in the U.S. equity market after…
2024
Amazon hits $2 trillion in valuation on AI fervor, rate cut bets
(Reuters) -Amazon.com Inc hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company…
Biden awards up to $75 million in CHIPS Act grant to Entegris
(Reuters) – American Chip manufacturing supplier Entegris said on Wednesday that it has inked a preliminary deal with the Biden…
US judge rejects Visa, Mastercard $30 billion swipe fee settlement
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Tuesday rejected a $30 billion antitrust settlement in which…
Google to showcase AI, new Pixel phones at surprise Aug 13 event, the Verge reports
(Reuters) – Google will showcase artificial intelligence features, and updates to its Pixel devices and the Android platform at a…
RTX’s Collins in talks to drop ISS spacesuit contract with NASA, sources say
By Joey Roulette WASHINGTON (Reuters) – RTX Corp subsidiary Collins Aerospace is in talks with NASA to back out of…
US business equipment borrowings up 11% in May, ELFA says
(Reuters) – U.S. companies borrowed 11% more to finance equipment investments in May compared to a year ago, industry body…
Paramount Global to raise prices for its streaming plans
(Reuters) – Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as…
Rite Aid defeats MedImpact in $200 million Elixir sale dispute
By Dietrich Knauth NEW YORK (Reuters) – MedImpact’s attempt to recoup about $200 million related to its purchase of Rite…
Wegovy-maker Novo Nordisk to spend $4.1 billion to boost US manufacturing
By Isabelle Yr Carlsson and Maggie Fick COPENHAGEN/LONDON (Reuters) – Obesity drug-maker Novo Nordisk will spend $4.1 billion to build…