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Articles by Johnathan Brickson
Venezuela's Maduro announces candidacy for July re-election By Reuters
© Reuters. Venezuela’s President Nicolas Maduro waves to supporters after he accepted candidacy of Venezuela’s ruling United Socialist Party (PSUV) for running for another term in July 28 election 2024, at the Poliedro de Caracas, Venezuela, in this photo released o By Mayela Armas CARACAS (Reuters) -Venezuela’s President Nicolas Maduro will run for a second re-election to secure another six-year term in voting planned for July 28, the ruling Socialist party said on Saturday.
US military says it destroyed Houthi drone over Red Sea By Reuters
(Reuters) -The U.S. military said it destroyed a drone fired by the Yemeni Houthis on Saturday, with another presumed to have crashed into the Red Sea. There were no reports of damage or injuries from ships in the vicinity, the US Central Command (CENTCOM) said in a statement. CETNCOM also said it destroyed five unmanned surface vessels and one UAV in self-defence, in Houthi-controlled areas of Yemen.
Xpeng to launch cheaper EV brand amid fierce China price competition By Reuters
© Reuters. FILE PHOTO: XPENG Motors (Guangzou Xiaopeng Motors Technology) logo is seen in this illustration taken January 16, 2024. REUTERS/Dado Ruvic/Illustration/File Photo BEIJING (Reuters) – Chinese electric-vehicle (EV) maker Xpeng (NYSE:) announced plans to launch a cheaper brand, entering a highly competitive segment amid an intense price competition in the EV industry.
Israel prepares return to ceasefire talks; UN says Gaza hunger crisis worsens By Reuters
3/3 © Reuters. Smoke rises following an Israeli strike as Palestinians fleeing north Gaza due to Israel’s military offensive move southward, amid the ongoing conflict between Israel and Hamas, at the central Gaza Strip, March 15, 2024.
Netanyahu says Israel to press on with assault as truce talks to resume By Reuters
3/3 © Reuters. Members of the crew and port personnel inspect the cargo ship loaded with humanitarian aid for Gaza in the port of Larnaca, Cyprus March 16, 2024.
US congressional funding fights take toll on housing aid programs By Reuters
2/2 © Reuters. FILE PHOTO: Spring flowers are in full bloom in front of the U.S. Capitol in Washington, U.S., April 2, 2020. REUTERS/Kevin Lamarque/File Photo 2/2 By Richard Cowan WASHINGTON (Reuters) – Democrats in the U.S. Congress fended off some of the deepest cuts to housing and other social safety net programs sought by Republicans, but low-income Americans will nonetheless feel the brunt of reductions that were included in a new law.
Swiss bank UBS targets US deals, says chairman By Reuters
© Reuters. UBS Chairman Colm Kelleher looks on during the Global Financial Leaders’ Investment Summit, in Hong Kong, China November 7, 2023. REUTERS/Tyrone Siu/File Photo ZURICH (Reuters) – Swiss banking giant UBS will look for merger and acquisitions opportunities in the United States in the years to come, its chairman told the NZZ newspaper on Sunday.
Street Calls of the Week: Upgrade for Procter and Gamble, Tesla downgrade By Investing.com
© Reuters Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Procter & Gamble, Dollar General (NYSE:), UiPath (NYSE:) and Thor Industries (NYSE:); downgrade for Tesla (NASDAQ:) InvestingPro subscribers always get first dibs on market-moving rating changes. Procter & Gamble What happened? On Monday, Truist upgraded Procter & Gamble (NYSE:) to Buy with a $175 price target. What’s the full story?
5 big analyst AI moves: AI market is not a bubble yet, says Goldman By Investing.com
Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. InvestingPro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! Wedbush raises Nvidia PT to $1,000 ahead of GTC Matt Bryson, an equity analyst at Wedbush, hiked the target price on Nvidia (NASDAQ:) stock from $850 to $1,000 ahead of the company’s global artificial intelligence conference (GTC) next week.
Factbox-At a glance: March 19 presidential primary states and delegate counts By Reuters
© Reuters. FILE PHOTO: U.S. President Joe Biden speaks during a visit to his campaign field office in Manchester, New Hampshire, U.S., March 11, 2024. REUTERS/Kevin Lamarque/File Photo By Helen Coster (Reuters) – Five states will hold their presidential nominating contests on Tuesday, a week after both President Joe Biden and former President Donald Trump netted enough delegates to clinch their parties’ nomination.
US investigating Meta for role in illicit drug sales, WSJ reports By Reuters
© Reuters. FILE PHOTO: People walk behind Meta Platforms logo during a conference in Mumbai, India, September 20, 2023. REUTERS/Francis Mascarenhas/File Photo (Reuters) -U.S. prosecutors in Virginia are probing whether Facebook-parent Meta (NASDAQ:)’s social media platforms facilitated and profited from the illegal sale of drugs, the Wall Street Journal reported on Saturday, citing documents and people familiar with the matter.
U.N. agency in Gaza says one in three children under 2 is acutely malnourished By Reuters
© Reuters. FILE PHOTO: Palestinian children wait to receive food cooked by a charity kitchen amid shortages of food supplies, as the ongoing conflict between Israel and the Palestinian Islamist group Hamas continues, in Rafah, in the southern Gaza Strip, February 5, (Reuters) – One in three children under age 2 in northern Gaza is now acutely malnourished and famine is looming, the main U.N. agency operating in the Palestinian enclave said on Saturday.
Huawei says Chery's Luxeed S7 delays will be resolved in April By Reuters
© Reuters. FILE PHOTO: People visit the Huawei stand at the 2024 Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Albert Gea/File Photo SHANGHAI (Reuters) – Huawei said that a shortage of semiconductors and factory relocation issues that had delayed production and deliveries of its Luxeed S7 sedan should be resolved from next month, local media outlet Cailianshe reported on Saturday.
Big Mac goes Big Tech, with a few hiccups By Reuters
4/4 © Reuters. FILE PHOTO: A man reads a notice in the window of a closed McDonald’s restaurant as the company said it halted operations due to a system disruption, in Tokyo, Japan, March 15, 2024. REUTERS/Rocky Swift/File Photo 2/4 By Waylon Cunningham SAN ANTONIO, Texas (Reuters) – When McDonald’s (NYSE:) first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus, and its customers paid cash to its human cashiers. How quaint.
Jail terms of up to 7 years for 12 who stormed Hong Kong legislature in 2019 By Reuters
2/2 © Reuters. File photo: Actor Gregory Wong, one of the six defendants who pleaded not guilty to riot in a trial involving people who stormed the Legislative Council during the pro-democracy protests in 2019, arrives at the court in Hong Kong, China February 1, 2024.
North Korean defectors seek more U.N. monitoring of abuses By Reuters
2/2 © Reuters. FILE PHOTO: A North Korean defector and his children stand in front of a barbed wire fence near the demilitarised zone separating the two Koreas, in Paju, February 12, 2021, on the occasion of Seolnal, the Korean Lunar New Year’s day.
'Turn around immediately': Taiwan warns off Chinese coast guard boats again as tensions simmer By Reuters
By Yimou Lee and Fabian Hamacher TAIPEI (Reuters) – Taiwan on Saturday warned off Chinese coast guard ships that entered its restricted waters near frontline islands close to China for a second day in a row, as tensions simmer across the sensitive Taiwan Strait. Taiwan’s coast guard said four Chinese coast guard boats on Saturday morning entered the restricted waters of Taiwan-controlled Kinmen islands, which hug the Chinese coast.
India vote to start on April 19, Modi says confident of win By Reuters
© Reuters. FILE PHOTO: People walk past the Election Commission of India office building in New Delhi, India March 11, 2019. REUTERS/Adnan Abidi//File Photo By YP Rajesh NEW DELHI (Reuters) -India will elect a new parliament in seven phases between April 19 and early June, the country’s election authority said on Saturday, in what amounts to the world’s largest election with nearly one billion eligible to vote.
Russia accuses Kyiv of election sabotage, Medvedev warns 'traitors' By Reuters
5/5 © Reuters. A man casts his ballot at a polling station during the Russia’s presidential election, in the course of Russia-Ukraine conflict in Donetsk, Russian-controlled Ukraine, March 16, 2024.
Tycoon Deripaska says Western firms shouldn't be pressured to sell Russian assets By Reuters
© Reuters. FILE PHOTO: Russian billionaire Oleg Deripaska attends the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 17, 2022. REUTERS/Maxim Shemetov/File Photo MOSCOW (Reuters) – Russian billionaire Oleg Deripaska has said that Western investors should not be pressured to sell their Russian assets, a practice he said was dishonest, short-sighted and harmful to the Russian and global economies.
Tesla to raise prices on Model Y electric vehicles in parts of Europe By Reuters
© Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo (Reuters) -Tesla said on Saturday it would increase the price for its Model Y electric vehicles (EV) in a number of European countries on March 22 by approximately 2,000 euros ($2,177) or the equivalent in local currencies.
Bitcoin bulls eye supply growth drop below 1% for first time ever in April halving By Investing.com
© Reuters Investing.com — supply growth is set to drop below 1% for the first time ever next month, when the ‘halving event’ gets underway, underscoring the popular crypto’s scarcity premium and likely fueling the current bull run just as institutional investors join the race to ‘hodl’ the popular crypto.
Israel approves plan to attack Rafah but keeps truce hopes alive By Reuters
2/2 © Reuters. A ship carrying aid sails off the shore of Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, as seen from central Gaza Strip, March 15, 2024.
Aid supply ship from Cyprus reaches Gaza coast but weather slows delivery By Reuters
© Reuters. Humanitarian aid for Gaza is loaded on a cargo ship in the port of Larnaca, Cyprus March 15, 2024. REUTERS/Yiannis Kourtoglou GAZA STRIP (Reuters) -A ship towing a barge loaded with food arrived off Gaza on Friday, witnesses said, in a test run for a new aid route by sea from Cyprus into the devastated Palestinian enclave where famine looms after five months of Israel’s military campaign.
Buffett's Berkshire boosts CEO-designate Abel's pay to $20 million By Reuters
© Reuters. FILE PHOTO: Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. REUTERS/Brendan McDermid/File Photo By Jonathan Stempel (Reuters) -Berkshire Hathaway said Warren Buffett raised the pay of his designated successor Greg Abel to $20 million last year, as the conglomerate posted a record operating profit.
TSX extends weekly winning streak as commodities break higher By Reuters
© Reuters. FILE PHOTO: A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. REUTERS/Mark Blinch/File Photo By Fergal Smith (Reuters) -Canada’s main stock index edged higher on Friday to notch its fifth straight weekly gain, led by gains for the materials group as prices climbed to a near one-year high.
TotalEnergies preparing Port Arthur, Texas FCC for restart, sources say By Reuters
© Reuters. FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at the company’s headquarters skyscraper in the financial and business district of La Defense, near Paris, France September 14, 2023.
BOJ to end negative rate policy next week, says Nikkei By Reuters
© Reuters. FILE PHOTO: People walk in front of the Bank of Japan building in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – The Bank of Japan is expected to end its negative interest rate policy on Tuesday on substantial wage hikes by big firms in this year’s wage negotiations, the newspaper reported on Saturday. The BOJ began coordinating both within and outside the bank Friday on ending its negative interest rate policy, the economic daily said.
Reckitt to challenge $60 million baby formula verdict, shares sink By Reuters
© Reuters. A selection of Enfa products, a brand of Reckitt Benckiser Group PLC, are seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. REUTERS/Andrew Kelly (Reuters) -Reckitt Benckiser said on Friday it would pursue all options to have a $60 million verdict overturned in a lawsuit related to its Enfamil baby formula in the United States as it stood by the safety of all its products.
Reckitt unit hit with $60 million verdict in Enfamil baby formula case in Illinois By Reuters
© Reuters. By Brendan Pierson (Reuters) – An Illinois jury has ordered Reckitt Benckiser (LON:) unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed the company’s Enfamil baby formula. The jury in an Illinois state court in St. Clair County on Wednesday found that Mead Johnson was negligent and that it failed to warn of the risk of necrotizing enterocolitis (NEC).
Meta wins appeal of court order to stop using its name in Brazil By Reuters
© Reuters. FILE PHOTO: People walk behind Meta Platforms logo during a conference in Mumbai, India, September 20, 2023. REUTERS/Francis Mascarenhas/File Photo SAO PAULO (Reuters) -Facebook-parent Meta on Friday won an appeal overturning a previous court ruling that barred it from using its name in Brazil due to confusion with another company.
Oil prices dip, but set for weekly gain of over 3% By Reuters
© Reuters. FILE PHOTO: A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port in the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo By Erwin Seba HOUSTON (Reuters) -Oil prices dipped on Friday, a day after topping $85 a barrel for the first time since November, but prices were expected to finish more than 3% higher for the week on rising demand from U.S. refiners completing planned overhauls.
United-operated Boeing 737 found to have missing panel after landing at Oregon airport By Reuters
© Reuters. FILE PHOTO: A Boeing logo is seen at the company’s technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo/File Photo By David Shepardson and Mrinmay Dey (Reuters) -A United Airlines Boeing (NYSE:) 737-800 landed safely in Oregon Friday after it was found to have a missing external panel, officials said.
Japan on cusp of ending negative interest rates, chance of March BOJ exit heightens By Reuters
© Reuters. FILE PHOTO: Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo/File Photo By Leika Kihara TOKYO (Reuters) – Bigger-than-expected pay hikes by major Japanese firms have significantly heightened the chance the central bank will end eight years of negative interest rate policy next week, marking a landmark shift away from its huge stimulus programme.
Factbox-What would the BOJ's stimulus exit look like? By Reuters
© Reuters. People walk in front of the Bank of Japan building in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon/file photo By Leika Kihara TOKYO (Reuters) – Prospects of strong wage hikes this year have heightened the chances the Bank of Japan will phase out its massive monetary stimulus in what would be a landmark shift away from its decade-long stimulus programme.
Volatile bitcoin falls from record high as crypto frenzy hits pause By Reuters
© Reuters. FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo SINGAPORE (Reuters) – eased to a one-week low in volatile trade on Friday, as investors took profit from its run to a record high and as another upside surprise on U.S. inflation dimmed prospects of early rate cuts there and dented demand for riskier assets.
Morning Bid: Rethink on Fed cuts creates tech wobble By Reuters
© Reuters. FILE PHOTO: Flags fly over the Federal Reserve building on a windy day in Washington, U.S., May 26, 2017. REUTERS/Kevin Lamarque/File photo A look at the day ahead in European and global markets from Kevin Buckland European traders may do well to brace themselves for a sell-off on Friday, with equity markets sinking around Asia as investors adjust to the prospect of later and fewer Fed rate cuts this year.
Stocks set for weekly fall while dollar gains on Fed cut expectations By Reuters
© Reuters. A woman walks in front of a screen displaying Evergrande’s stock prices among others outside the Exchange Square, after a court ordered the liquidation of China Evergrande Group, in Hong Kong, China January 29, 2024.
Bank of England set to play for time before first rate cut By Reuters
© Reuters. FILE PHOTO: A tourist shelters from the rain under an Union Jack umbrella near the Bank of England in the City of London financial district in London, Britain, February 13, 2024. REUTERS/Isabel Infantes/File Photo By William Schomberg LONDON (Reuters) – The Bank of England will probably keep investors guessing next week about when it is likely to start cutting interest rates as it waits for clearer signs that inflation pressures still in the economy really are being quashed.
Dollar set for weekly gain, yen softens ahead of run of central bank meetings By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Iain Withers LONDON (Reuters) -The dollar was on track for a weekly gain versus major currencies while the yen drifted lower on Friday, ahead of a flurry of highly-anticipated central bank meetings next week, including the U.S. Federal Reserve and Bank of Japan.
Japan union group announces biggest wage hikes in 33 years, presaging shift at central bank By Reuters
© Reuters. A worker walks past a factory at the Keihin industrial zone in Kawasaki, Japan February 17, 2016. REUTERS/Toru Hanai/file photo By Tetsushi Kajimoto TOKYO (Reuters -Japan’s biggest companies agreed to raise wages by 5.28% for 2024, the heftiest pay hikes in 33 years, the country’s largest union group said on Friday, reinforcing views that the county’s central bank will soon shift away from a decade-long stimulus programme.
Swisscom buys Vodafone Italia for $8.7 billion as telcos consolidate By Reuters
© Reuters. The Vodafone Italy headquater is seen in Milan, March 10, 2016. REUTERS/Stefano Rellandini/file photo By John Revill ZURICH (Reuters) -Swisscom said on Friday it will buy Vodafone (NASDAQ:) Italia for 8 billion euros ($8.7 billion) and merge the business with its Italian subsidiary Fastweb in the latest round of consolidation in Europe’s most competitive telecoms markets.
Microsoft singles out Google's competitive edge in generative AI By Reuters
© Reuters. FILE PHOTO: Microsoft logo is seen near computer motherboard in this illustration taken January 8, 2024.
Oil prices inch lower from 4-mth highs as strong dollar weighs By Investing.com
© Reuters. Investing.com– Oil prices fell slightly from four-month highs in Asian trade on Friday, seeing some profit-taking and pressure from the dollar as hotter-than-expected U.S. inflation data pushed up fears of a more hawkish Federal Reserve. Still, crude prices were set to gain more than 4% this week, with futures holding above the $85 a barrel level as signs of improving U.S. demand and tightening fuel markets spurred strong gains through the week.
Will the BOJ hike interest rates in March? Analysts weigh in By Investing.com
© Reuters. Investing.com– The Bank of Japan is set to conclude a this coming Tuesday, with markets focused squarely on whether the central bank will mark an end to its ultra-dovish policies by raising interest rates. Speculation over a pivot by the BOJ grew rapidly over the past two weeks, especially as the two main factors outlined by the central bank for it to consider tightening policy- chiefly strong wage growth and steady inflation- now appeared to be coming into play.
Gold prices steady before Fed meeting; copper rallies higher By Investing.com
© Reuters. Investing.com– Gold prices moved little in Asian trade on Friday as stronger-than-expected inflation data spurred more fears that the Federal Reserve will signal higher-for-longer interest rates at an upcoming meeting. But this sentiment did little to deter a rally in copper prices, which surged to new 11-month highs on Friday as expectations of substantially tighter Chinese supplies spurred heavy buying in the red metal. Bullion prices, on the other hand, were pressured by a stronger .
Vonovia shares fall 4% after $7.35 billion loss amid property crisis By Reuters
© Reuters. The logo of German real estate company Vonovia SE, a member of the German DAX-30 stock market index is seen at a Vonovia building in Essen, western Germany May 10, 2016. REUTERS/Wolfgang Rattay/file photo FRANKFURT (Reuters) – Shares in Vonovia, Germany’s largest landlord, opened 4% lower on Friday after the company reported its biggest loss ever for 2023, in the latest sign of stress in the nation’s struggling real-estate sector.
Arkhouse says in talks with Macy's for due diligence amid push for higher bid By Reuters
© Reuters. A customer exits the Macy’s flagship department store in midtown Manhattan in New York City, U.S., December 11, 2023. REUTERS/Brendan McDermid/File Photo (Reuters) -Macy’s investor Arkhouse Management said on Thursday the U.S. department store was in talks with the investment firm for opening its books for due diligence on the prospects of a higher offer.
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