Author: Press Room
© Reuters. FILE PHOTO: Comedian and talk show host Jon Stewart arrives on the red carpet before receiving the Mark Twain Prize For American Humor, at The Kennedy Center in Washington, U.S., April 24 2022. REUTERS/Cheriss May/File Photo By Patricia Zengerle and Michael Martina WASHINGTON (Reuters) -U.S. lawmakers asked Apple Inc (NASDAQ:) to explain the abrupt end of political comedian Jon Stewart’s television show on its streaming service, according to a letter made public on Wednesday, citing concerns that content related to China was behind the cancellation. The New York Times reported last month that Stewart’s show on Apple’s streaming service…
© Reuters WASHINGTON – The U.S. Department of Energy’s Energy Information Administration (EIA) is scheduled to release a closely watched report later today, which is anticipated to show an increase in domestic crude oil inventories. According to a survey conducted by the Wall Street Journal, industry experts are expecting a swell in commercial crude stockpiles, with forecasts suggesting an 800,000-barrel rise for the week ending November 10. The survey, which aggregated predictions from eight analysts and traders, also projected an uptick in gasoline stocks, while distillates, which include and diesel, are predicted to have seen a slight decline. This inventory…
Ian Tuttle/Getty Images Entertainment Roblox stock (NYSE:RBLX) jumped nearly 6% after (as promised) it gave an inkling of financial guidance for the coming year, guiding to the high side for 2024 bookings. Chief Financial Officer Michael Guthrie said Roblox is “comfortable” with FactSet’s mean consensus estimates for the fiscal fourth quarter, and that in February, the company will offer guidance for the first quarter and full year of fiscal 2024. Based on this week’s numbers, Guthrie indicated that comfortable consensus for full 2024 was bookings of $4.03B (higher than analyst forecasts for $3.98B). He also pointed to adjusted earnings before…
FBI Director Christopher Wray on Wednesday said that the number of illegal immigrants evading Border Patrol agents and escaping into the country is a source of “great concern” for the agency — as he told lawmakers that threats from the other side of the border are “consuming” FBI field offices.Wray testified to lawmakers on the House Homeland Security Committee about “worldwide threats” to the U.S. Chairman Mark Green asked Wray about the numbers of gotaways — illegal immigrants at the border who evaded Border Patrol — which have exceeded 600,000 in FY 23. Customs and Border Protection (CBP) sources tell…
The US Capitol is seen in Washington, DC A continuing resolution looks set to avoid a November … [+] shutdown, but has created new fiscal deadlines for the U.S. government (Photo by STEFANI REYNOLDS/AFP via Getty Images)AFP via Getty Images A continuing resolution (H.R. 6363) to avert a November government shutdown has passed the House and is highly likely to pass the Senate and be signed into law before the November 17 deadline. This would avoid any shutdown risk for 2023. However, the continuing resolution as passed by the House, would then introduce two potential government shutdown deadlines for the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.EY has appointed Janet Truncale, the head of its financial services business in the Americas, to be its next global chief executive, putting a woman in charge of a Big Four accounting firm for the first time.Truncale will replace Carmine Di Sibio, who is retiring in June in the wake of the collapse of a plan to spin off EY’s consulting arm into a new public company. The appointment was announced in an email to partners on Wednesday.“Truncale is an exceptional leader,…
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect NEW YORK – Financial markets are riding a wave of optimism today, buoyed by signs that the U.S. Federal Reserve’s efforts to combat inflation may be paying off and political developments that have staved off a government shutdown. Investors are now leaning towards the possibility of interest rate cuts, a stark contrast to the previous focus on rate hikes. The shift in sentiment follows Tuesday’s release of cooler-than-expected Consumer Price Index (CPI) data, which sparked a rally in U.S. stocks and bonds. The are indicating more gains, suggesting that this could…
© Reuters. FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu/File Photo STOCKHOLM (Reuters) – Tesla (NASDAQ:) is facing growing pressure in Sweden from unions backing mechanics demanding a collective bargaining agreement with the U.S. carmaker, with workers at one of its suppliers set to go on strike next week. Tesla has no manufacturing plant in Sweden but its electric cars are serviced at workshops across the country, where around 130 mechanics affiliated with Swedish union IF Metall began a strike on Oct. 27. They were soon joined by dockworkers and car dealerships…
GreenPower Motor downgraded at BTIG on orders
President Biden will press the Chinese leader Xi Jinping on Wednesday to crack down on the Chinese firms that are helping to produce fentanyl, a potent drug that has killed hundreds of thousands of Americans.An agreement to curb China’s illicit exports of fentanyl and, particularly, the chemicals that can be combined to make the drug, could be one of the more significant achievements for the United States out of Mr. Biden and Mr. Xi’s meeting, which is taking place as leaders from Pacific nations gather for an international conference in San Francisco.China is home to a thriving chemical industry that…