Today: May 08, 2024
Today: May 08, 2024

Economy

MTU Aero Engines' Q1 profit rises on Eurofighter orders despite turbofan woes

German engine manufacturer MTU Aero Engines reported higher first-quarter earnings on Tuesday, boosted by orders from the joint European Eurofighter jet project while its turbofan

MTU Aero Engines' Q1 profit rises on Eurofighter orders despite turbofan woes

This Tesla owner's annual charging bill will have you rethinking EV

In a groundbreaking revelation, a Tesla owner has gone viral online by revealing their shockingly low yearly electric cost of just $2.37 to charge their vehicle. This tiny figure has reignited debates about the real costs of running an electric car compared to gas-powered vehicles. The Tesla driver, known only as @Tesla_GTownTX, shared a screengrab of their utility statement showing the $2.37 balance owed after 12 months of charging their Tesla. As the story spread getting thousands of responses, many were surprised at how little electricity was required, thinking it would negate any fuel savings. However, the likely reason for

This Tesla owner's annual charging bill will have you rethinking EV

Georgia lawmakers vowed to restrain tax breaks. But the governor's veto saved a data-center break

Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing

Georgia lawmakers vowed to restrain tax breaks. But the governor's veto saved a data-center break

Biden lauds new Microsoft center on the same site where Trump's Foxconn project failed

President Joe Biden has laced into Donald Trump over a failed project that was supposed to bring thousands of new jobs into southeastern Wisconsin

Biden lauds new Microsoft center on the same site where Trump's Foxconn project failed

Microsoft's AI lead puts Amazon cloud dominance on watch

Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com as more businesses switch

Microsoft's AI lead puts Amazon cloud dominance on watch

Disney receives another key approval to expand Southern California theme parks

Disney has received another key approval to expand its Southern California theme parks in its first push to make major changes to its iconic Disneyland in decades

Disney receives another key approval to expand Southern California theme parks

AerCap sees tight jetliner market, places big engine order

(Corrects engine order to 150 from 100, adds word "new" in paragraph 4) By Tim Hepher and Nathan Gomes (Reuters) -The head of aircraft leasing giant AerCap predicted on Wednesday that tightness in

AerCap sees tight jetliner market, places big engine order

Bain Capital in talks to buy education-software provider PowerSchool, source says

Buyout firm Bain Capital is in talks to take education-software provider PowerSchool private, a person familiar with the matter said on Wednesday.

Bain Capital in talks to buy education-software provider PowerSchool, source says

New York Times posts upbeat results on boost from digital subscriptions

New York Times beat estimates for first-quarter revenue and profit on Wednesday, as its bundled content offering attracted more subscribers to its website and app ahead of major sporting

New York Times posts upbeat results on boost from digital subscriptions

Maltese central bank governor, deputy PM face fraud charges

Malta's attorney general has filed charges of fraud and misappropriation of funds against Central Bank of Malta Governor Edward Scicluna and Deputy Prime Minister Chris Fearne,

Maltese central bank governor, deputy PM face fraud charges

Ukraine tycoon Kolomoisky named suspect in decades-old murder attempt

Ukrainian authorities suspect jailed tycoon Ihor Kolomoisky of being behind the attempted murder of a lawyer in a corporate dispute more than 20 years ago, the national police said on

Ukraine tycoon Kolomoisky named suspect in decades-old murder attempt

Exclusive-India's Modi, chasing reform legacy, shifts income goals for struggling farmers

Indian Prime Minister Narendra Modi has drawn up new targets to boost farmer incomes as he seeks to secure his legacy of

Exclusive-India's Modi, chasing reform legacy, shifts income goals for struggling farmers

Reddit's strong forecasts spark share surge after first results since IPO

By Aditya Soni (Reuters) -Reddit said it could post an adjusted profit in the second quarter thanks to its booming advertising business and content-licensing deals with AI companies, impressing

Reddit's strong forecasts spark share surge after first results since IPO

Steward Health Care says it is selling the 30+ hospitals it operates nationwide

Steward Health Care says it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection

Steward Health Care says it is selling the 30+ hospitals it operates nationwide

Peru port conflict escalates as Chinese firm insists on original terms

The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru's Pacific coast insisted on Tuesday on terms agreed

Peru port conflict escalates as Chinese firm insists on original terms

Argentine unions strike to protest Milei reforms, pressure lawmakers

BUENOS AIRES (Reuters) -Argentina's oilseed and maritime worker unions kicked off a strike on Monday to protest a labor reform bill backed by radical libertarian President Javier Milei, which

Argentine unions strike to protest Milei reforms, pressure lawmakers

Seasonal US fuel demand hits pandemic lows, weighs on refining margins

U.S. gasoline and diesel demand are at their weakest seasonal level since the 2020 coronavirus pandemic, data from the Energy Information Administration showed on

Seasonal US fuel demand hits pandemic lows, weighs on refining margins

US FDA tightens scrutiny of lab-developed tests with new rule

(Reuters) -The U.S. Food and Drug Administration (FDA) on Monday tightened regulations for clinical laboratories with a new rule that gives it more oversight of diagnostic tests developed by them.

US FDA tightens scrutiny of lab-developed tests with new rule

Oklahoma anti-ESG law blocked by state judge

A judge in Oklahoma blocked a state law that prohibits state pension systems from investing with companies that limit investment in the oil and gas

Oklahoma anti-ESG law blocked by state judge

PIMCO adds bond exposure outside the US on inflation risks

U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the

PIMCO adds bond exposure outside the US on inflation risks

The rise and fall of Bill Hwang's Archegos Capital Management

Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on

The rise and fall of Bill Hwang's Archegos Capital Management

Fed's Cook says households, banks, firms largely in solid financial shape

U.S. households, banks and firms are largely in solid financial shape, with the means at hand to cover debt payments and with strong enough buffers to absorb

Fed's Cook says households, banks, firms largely in solid financial shape

US sues Hyundai, Kia finance arm for repossessing service members' vehicles

The U.S. government on Wednesday sued Hyundai and Kia's American financing arm, accusing it of repossessing vehicles leased by military service members without first

US sues Hyundai, Kia finance arm for repossessing service members' vehicles

Russian missiles pound power plants in central and western Ukraine

By Olena Harmash and Tom Balmforth KYIV (Reuters) -Russian missiles pounded power facilities in central and western Ukraine on Saturday, increasing pressure on the ailing energy system as the country

Russian missiles pound power plants in central and western Ukraine

Thailand's prime minister wants to outlaw cannabis, 2 years after it was decriminalized

The prime minister of Thailand says he wants to outlaw the cannabis over concerns the lack of regulation had made it available to children and increased crimes

Thailand's prime minister wants to outlaw cannabis, 2 years after it was decriminalized
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