By Stephen Nellis and Ayanti Bera (Reuters) – The incoming chief executive of Intel Corp said on Thursday that most of the company’s 2023 products will be made in Intel factories but he sketched a dual-track future in which it...
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Asian markets step back from stimulus-driven record highs
By Swati Pandey SYDNEY (Reuters) – Asian shares eased from record highs on Friday as investors took some money off the table after a recent rally that was driven by hopes a massive U.S. economic stimulus plan by incoming President...
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Big U.S. oil drillers have federal permits to mute effect of any Biden ban
By Jennifer Hiller and Nichola Groom (Reuters) – U.S. President Joe Biden’s promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have...
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S&P, Nasdaq close at record highs on optimism about Biden stimulus plan
By Echo Wang (Reuters) – The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labor market...
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IBM revenue disappoints as software sales mark rare decline
(Reuters) – IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced economic uncertainty. The...
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JPMorgan board holds CEO Dimon’s annual pay at $31.5 million
By David Henry NEW YORK (Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon will not get a raise in his annual pay and will receive $31.5 million for his work in 2020, the bank said on Thursday. Dimon’s...
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