By Lisa Baertlein
LOS ANGELES (Reuters) - Amazon.com on Tuesday will unveil the first of a dozen Volvo electric big rigs it plans to deploy this year to pick up cargo from the nation's busiest container seaport in southern California.
The e-commerce giant said it already has eight of those semi trucks in use at the Los Angeles/Long Beach port complex, where every so-called drayage truck must be zero-emissions by 2035.
The... (continue reading...)
Analysts at Bank of America told investors in a note Tuesday not to sell in May and go away as statistical data shows that presidential election years can see bug summer rallies.
"[The] S&P 500 (SPX) tends to have a summer rally, and Presidential election years can see big summer rallies," said the bank.
Their analysis shows that June to August is the second strongest three-month period of the year for all years going back to 1928, with the S&P 500 up 65% of the... (continue reading...)
(Reuters) - Microsoft's Xbox is shutting down a number of gaming studios including Arkane Austin, making it the latest publisher to shut down studios amid signs of a gaming slowdown.
Studios such as "Hi-Fi Rush" maker Tango Gameworks, headquartered in Tokyo, and Canada-based Alpha Dog will also be closed and some employees will be laid off, Matt Booty, head of Xbox Game Studios said in a memo that was seen by Reuters on Tuesday.
Xbox... (continue reading...)
(Reuters) - Stalled inflation buoyed in part by housing market strength means the Federal Reserve will need to hold borrowing costs steady for an "extended period," and possibly all year, Minneapolis Federal Reserve President Neel Kashkari said on Tuesday.
"I would need to see multiple positive inflation readings suggesting that the disinflation process is on track" to support a rate cut, Kashkari said at a Milken Institute conference.
... (continue reading...)By Doyinsola Oladipo
NEW YORK (Reuters) - Cruise operator Royal Caribbean Group is in discussions with new and existing markets around the world to recruit thousands of workers to staff its ships and private destinations to keep up with record cruise demand.
The number of people taking cruises hit a record in 2023, and with the surge in demand and larger vessels, labor needs are growing. Tourism boards and port operators from around the... (continue reading...)
More General News
View Older Stories-
Investors wary of US cannabis ETFs despite recent rally
-
TikTok, ByteDance sue to block US law seeking sale or ban of app
-
Biden Administration Is Holding Shipments Of Boeing (BA) -made Precision Bombs To Send Political Message To Israel - Politico
-
Midday movers: Disney, Palantir fall; International Paper, Kenvue rise
-
Barclays highlights stocks most exposed to stagflation risk
-
Apple unveils new AI-focused chip in upgraded iPad Pro
-
Datadog President Amit Agarwal to step down, shares drop
-
Investopedia-owner Dotdash Meredith signs content license deal with OpenAI
-
Why this analyst think you should be long Apple stock into iPad event
-
JPMorgan remains concerned inflation will be 'staying too high'
-
Apple's AI trajectory remains uncertain - PhillipCapital
-
Infineon unveils deep cost-cutting drive amid waning chip demand
-
Air Lease Q1 profit misses estimates on higher interest expenses
-
UPS CFO Brian Newman to step down on June 1, company says
-
Israel to push on with Rafah operation while continuing hostage talks
-
US FAA opens probe into Boeing 787 inspections
-
Citadel's Griffin says Fed's first rate cut may come in December
-
US financial regulators restart work on long-delayed compensation rules
-
Video streaming services see downloads, active users drop in April, BofA report shows
-
Fed's Barkin: Ending inflation likely to require a hit to demand
-
Hamas says it accepts ceasefire proposal of Egypt, Qatar
-
Tesla lays off more staff in software, service teams, Electrek reports
-
Wall Street analysts are increasingly bullish on this chip stock. Here's why
-
Reddit stock: BofA revists RDDT after a blockbuster IPO
-
Midday movers: Apple slips; Palantir and Micron gain
-
Palantir stock: Here's what Wall Street expects from the upcoming earnings report
-
AMD to see revenue, profits improve in H2 amid AI chip ramp-up - Phillip
-
Synopsys sells software integrity unit for $2.1 billion to PE group
-
Stock prices are now at 'more attractive levels' - Oppenheimer
-
Dow Jones, Nasdaq, S&P 500 weekly preview: Focus on Disney, Arm earnings reports
-
Robinhood Crypto gets Wells notice from US SEC
-
Shah Capital urges Novavax shareholders to vote against three directors
-
Morgan Stanley warns about an 'uncertain macro backdrop'
-
Baird says this name is one of the top chip stocks you should own
-
Exclusive-Southwest pilots face reduced hours, pay due to Boeing delivery delays
-
NFP reactions: Jobs report breathes new life into rate cut calls
-
LNG producer Cheniere's export volumes fuel core profit beat
-
Midday movers: Apple, Amgen and Block rise; Cloudflare and Expedia fall
-
Weaker US jobs data soothes Fed worries of renewed overheating
-
US equity funds witness outflows for fifth week in a row
-
April US jobs report shows looser labor market, good news for Fed
-
U.S. adds fewer jobs than anticipated in April
-
CBRE Group's first-quarter profit beats on leasing demand
-
Expedia shares sink as vacation rental weakness fuels revenue forecast trim
-
Apple shares jump as record buyback and upbeat forecast lure investors
-
Novo Nordisk drops 5% after rival Amgen teases weight-loss drug data
-
Status of Uber, Lyft gig workers hinges on Massachusetts court fight
-
US high yield spreads still tight despite pick-up in distress
-
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
-
Weak US productivity could threaten Fed's 'soft landing' hopes
