Author: Press Room

© Reuters. A worker walks past a construction site near residential buildings in Beijing, China April 14, 2022. Picture taken April 14, 2022. REUTERS/Tingshu Wang/File Photo BEIJING (Reuters) -China’s new home prices fell for the fourth month in October, official data showed on Thursday, as government support measures did little to lift the gloom hanging over the country’s consumers and its debt-laden property sector. New home prices fell 0.3% month-on-month after a 0.2% dip in September, according to Reuters calculations based on National Bureau of Statistics (NBS) data. Compared with a year earlier, prices were down 0.1%, matching a decline…

© Reuters. NEW YORK – Visa Inc (NYSE:). experienced a second consecutive day of gains on Wednesday, as the company’s stock climbed 0.47% to close at $248.11. This upswing comes despite the stock being just shy of its annual peak of $250.06, which was recorded on September 13th. The broader market also reflected a positive mood, with both the S&P 500 and the closing higher, by 0.16% and 0.47%, respectively. Visa’s performance, however, was not entirely in line with its peers in the financial sector. While JPMorgan Chase (NYSE:) & Co. and Bank of America Corp (NYSE:) enjoyed increases in…

© Reuters. Investing.com– Oil prices extended losses into Asian trade on Thursday after a bigger-than-expected weekly build in U.S. crude stockpiles, while signs of easing demand in China also weighed. Crude prices had fallen about 1.5% in the prior session, cutting short a brief recovery as data pointed to increased U.S. inventories and production. This was exacerbated by data which showed that Chinese refiners processed lower amounts of oil in October than the prior month. Other readings still pointed to some economic strength in the world’s largest oil importer, as grew more than expected. Still, Wednesday’s losses saw oil prices…

NXP Semiconductors declares $1.014 dividend

Filoli, a grand house and garden on 654 acres of rolling green grounds along the California coast, has been a supporting character in the 1980s television drama “Dynasty” and the 2001 romantic comedy “The Wedding Planner.” It has been the venue for top-dollar nuptials of Facebook executives, and the public can tour the gardens.Just not on Wednesday.Top aides to President Biden have worked with Chinese officials for weeks to ensure that this manicured setting would be the perfect backdrop to host a diplomatic summit between Mr. Biden and President Xi Jinping of China — two men who share a deep…

Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Some Tesla superfans aren’t thrilled with Tesla’s new CyberBeer — and they’re taking to social media to air their grievances. “Tesla Cyberbeer is hot garbage,” one person complained in a post on X on Tuesday. “Not only is the lid RUSTED but the beer is also nasty.” “Why does the Tesla CyberBeer feel like something I’m gonna get alcohol poisoning from?” self-described social media influencer Jeremy Judkins also wrote in post on X on Tuesday. Since October, Tesla has…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Autonomous vehicles have logged millions of road miles. Collectively, companies including Tesla, Alphabet, General Motors, Uber, Baidu and Ford have invested billions of dollars in the technology. Safety records are impressive. But one eye-catching accident is all it takes to spook passengers and regulators.This week GM’s Cruise announced that it would pause all manned and unmanned robotaxi trips. It will also expand a safety investigation following an accident in San Francisco in which a pedestrian was hit by a vehicle and dragged…

© Reuters. In a high-profile gathering in San Francisco, Chinese President Xi Jinping is hosting an exclusive dinner with top US business leaders, including BlackRock (NYSE:)’s Larry Fink. The event, part of Xi’s efforts to attract foreign investment and strengthen China’s economy, also sees CEOs from influential companies such as Blackstone (NYSE:), Visa (NYSE:), Pfizer (NYSE:), Qualcomm (NASDAQ:), and Broadcom (NASDAQ:) in attendance. The dinner follows a significant afternoon of talks between President Xi and President Joe Biden during the Asia-Pacific Economic Cooperation leaders’ meetings, signaling a step towards mending the tense US-China bilateral relationship. Amid growing concerns over China’s…

© Reuters. SANTA CLARA – Amid a landscape of escalating cyber threats, Palo Alto Networks Inc. (NASDAQ:) stood firm on its annual sales projection but trimmed its full-year billings forecast on Wednesday. The cybersecurity heavyweight has adjusted its expectations for billings to a range between $10.7 billion and $10.8 billion, a move that came even as the demand for cybersecurity solutions climbs due to a surge in cyberattacks. The company’s decision to maintain its sales forecast at $8.15 billion to $8.20 billion, while elevating its adjusted earnings per share (EPS) guidance to $5.40 to $5.53, showcases confidence in its core…

© Reuters. FILE PHOTO: Word “Oil” and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Stephanie Kelly (Reuters) – Oil prices dropped on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from Asia. futures fell 28 cents to $80.90 a barrel by 0001 GMT. U.S. West Texas Intermediate crude (WTI) lost 31 cents to $76.35 a barrel. Both benchmarks fell over 1.5% in the prior session. WTI’s front-month contract was also lower than the second month,…