BEIJING (Reuters) – China will take “countermeasures” to defend its sovereignty and territorial integrity, the government said, lambasting a $2 billion arms sale package by the United States to Taiwan. The United States is bound by law to provide Chinese-claimed Taiwan with the means to defend itself despite the lack of formal diplomatic ties, to […]
On the Edge: Could Geopolitical Tensions Push Us Toward WW3? How to Prepare Your Portfolio for the Unexpected From Moscow’s saber-rattling over Ukraine to China’s rising assertiveness in Asia, and the recent surge in hostilities between Israel and Hamas, today’s geopolitical landscape is a tinderbox. Russia’s hints at heightened military action, coupled with economic strains […]
(Reuters) -HCA Healthcare missed Wall Street estimates for quarterly profit on Friday and forecast up to a $300-million hit in the fourth quarter due to hurricane disruptions, causing its shares to fall 8% in premarket trading. The hospital operator experienced a loss of revenue in the third quarter owing to the impact of Hurricane Helene […]
(Reuters) -Intel said on Friday it would invest more than $28 billion to construct two new chip factories in Licking County, Ohio, as the company pushes ahead with plans to expand its foundry business. The chipmaker’s shares, which have slumped more than 55% this year, rose 1.4% in early trading. The initial phase of the […]
By Lewis Krauskopf NEW YORK (Reuters) – The rally in U.S. stocks is wobbling as it confronts a stretch of potentially market-shaking events, starting next week with corporate results from tech titans and the closely watched employment report, while the U.S. election is also nearing. The benchmark S&P 500 is up about 22% on the […]
(Reuters) – Frontier Communications urged shareholders on Friday to vote for a $20 billion takeover bid from Verizon, saying that it had reviewed interest from other potential buyers and found the telecom giant’s proposal as the most favorable option. The fiber-optic internet provider said Verizon’s final offer presents “a superior value over all other potential […]
By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz, according to people familiar with the matter. The divestment of the popular hot-dog brand, which the sources said could fetch […]
(Reuters) -Yum Brands said on Thursday it would be removing fresh onions from its meals at certain Taco Bell, Pizza Hut and KFC restaurants out of an “abundance of caution”, following an E.coli outbreak tied to McDonald’s Quarter Pounder hamburgers. The E.coli outbreak has killed at least one person and sickened nearly 50 others across […]
Sentiment vs. Reality—Is Growth Costing Tesla More Than It’s Worth? Tesla’s Q3 2024 earnings call was filled with optimism, as Elon Musk and his leadership team focused on the long-term potential of the company’s Full Self-Driving (FSD) technology, AI innovations, and the upcoming Cybertruck. They painted a picture of Tesla’s future dominance, pushing the idea […]
(Reuters) – The February hack at UnitedHealth’s tech unit Change affected the personal information of 100 million people, the U.S. health department’s website showed, making it the largest healthcare data breach in the country. UnitedHealth has previously said that hackers potentially stole a third of Americans’ data in one of the worst hacks to hit […]
