NEW YORK (Reuters) -U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the months ahead. The producer price index for final demand jumped 0.9% last month after being unchanged in June, the Labor Department’s Bureau of Labor Statistics…
By Nandita Bose and Steve Holland WASHINGTON (Reuters) -President Donald Trump said on Thursday he believes Russian President Vladimir Putin will make a deal about his war on Ukraine, and that the threat of sanctions against Russia likely played a role in Moscow’s decision to seek a meeting. Trump is scheduled to meet with Putin…
(Reuters) -Warren Buffett’s Berkshire Hathaway has acquired 5 million shares in UnitedHealth Group, a regulatory filing showed on Thursday, sending the health insurer’s stock up 7% in extended trading. Billionaire investor Buffett owned about 1.18 million shares in UnitedHealth between 2006 and 2009, before selling his entire stake in 2010 amid a broader retreat from…
By Howard Schneider and Andrea Shalal WASHINGTON (Reuters) -The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation increased at a moderate pace in July and Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible given recent weak employment numbers….
Facebook gave you $30. This company pays you every day. You probably missed the check… or maybe it’s still “in the mail.” Earlier this year, Facebook was forced to pay $725 million to users for mishandling their data. The average payout? Just $30. That’s what Big Tech thinks your attention is worth. But there’s…
By Dan Catchpole SEATTLE (Reuters) -U.S. planemaker Boeing said on Tuesday that it delivered 48 airplanes in July, down from 60 in June but five more than a year earlier. It was the most deliveries by the company in July since 2017, when it delivered 58 aircraft. Boeing continued to fall further behind European rival Airbus…
WASHINGTON (Reuters) -WestJet Airlines said on Tuesday a return to normal operations was underway after a temporary system outage had forced the Canadian carrier to briefly halt all departures. Earlier in the day, the airline, owned by Onex Corp, requested the U.S. Federal Aviation Administration for a ground stop that affected the flights operated under…
By Akash Sriram (Reuters) -Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet’s Chrome browser on Tuesday, a bid far above its own valuation as the startup reaches for the browser’s billions of users pivotal to the AI search race. Run by Aravind Srinivas, Perplexity is no stranger to headline-grabbing offers: it made…
(Reuters) -Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the energy major finds reserves in a large deepwater area it plans to explore for oil and gas in the Caribbean country, energy minister Roodal Moonilal said. The official spoke on Tuesday at an event in Port of Spain to…
The tech firm flipping income on its head They’re calling it ‘the Freedom Dividend.’ Free checks, no strings – paid out to people just doing what they already do on their phones: play games, use apps, and listen to music. Tech titans like Elon Musk, Sam Altman, and Mark Zuckerberg are all pushing for…
