By Deborah Mary Sophia (Reuters) – Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on demand in what is expected to be a lukewarm year for the sector. Coming off of a strong 2023 where supply chain concerns and soaring…
By Nandita Bose WASHINGTON (Reuters) – Joe Biden’s reelection campaign plans to continue using TikTok, a campaign official said on Wednesday, shortly after the U.S. president signed into law a bill that would ban the app if its Chinese owner fails to divest it. The decision comes as many young and left-leaning voters, a significant…
By M. Sriram MUMBAI (Reuters) -Goldman Sachs has hired two senior bankers in India to cash in on growing dealmaking and investor interest in the South Asian country, three sources with direct knowledge told Reuters on Wednesday. Sunil Khaitan will be Goldman’s India head of financing and Kamna Sahni India head of Mergers & Acquisitions…
(Reuters) -Apple will hold an event on May 7, the company said on Tuesday, amid reports that it would roll out the long-anticipated revamped versions of iPad Pro and iPad Air next month. The Cupertino, California-based company did not disclose details about the event that would start at 7 a.m. PT (2 p.m. GMT). Bloomberg…
By Daniel Wiessner (Reuters) -The administration of U.S. President Joe Biden on Tuesday unveiled a rule extending mandatory overtime pay to an estimated 4 million salaried workers, going even further than an Obama-era rule that was struck down in court. The U.S. Department of Labor rule will require employers to pay overtime premiums to workers…
(Reuters) -The Commodity Futures Trading Commission (CFTC) has reached out to a number of banks, including JPMorgan Chase, Bank of America and Citigroup to see if they have been preventing would-be whistleblowers from speaking out, Bloomberg News reported on Wednesday. CFTC is asking banks for non-disclosure agreements in their swaps and clearing businesses, and has…
By Foo Yun Chee and Elvira Pollina BRUSSELS/ROME (Reuters) – European Union antitrust regulators are asking rivals and customers whether proposed acquisition of Telecom Italia’s (TIM) fixed-line access network by U.S. investment firm KKR could hamper Italy’s wholesale market, people familiar with the matter said on Tuesday. Such regulatory worries could lead to a lengthy…
By Yuvraj Malik and Katie Paul (Reuters) -Meta Platforms is sharing its Quest headset’s operating system with rival device makers, including Microsoft, for the first time, it said on Monday, as it works to extend its influence over the emerging virtual and mixed reality industry. The move will allow partner companies to build their headsets…
By Andrea Shalal and Nichola Groom TRIANGLE, Va. (Reuters) -President Joe Biden on Monday celebrated Earth Day by announcing $7 billion in grants for residential solar projects that will power nearly a million low-income households. The announcement kicks off a week of activities aimed at touting his administration’s record on climate change. Biden revealed the…
By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla is expected to report its lowest gross profit margin in more than six years on Tuesday after a chaotic week that included major layoffs, vehicle price cuts and urgent calls by investors for clarity on product strategy. Tesla’s chief, Elon Musk, likely will face pointed questions…
