Author: Reuters
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U.S. eyeing Japanese shipyards for warship overhauls, says U.S. ambassador
YOKOSUKA, Japan (Reuters) – The United States and Japan will look at the viability of using Japanese shipyards to overhaul U.S. navy warships that patrol East Asian waters, the U.S. Ambassador to Japan Rahm Emanuel said on Friday at the Yokosuka naval base near Tokyo. Doing refits in Japan could help the U.S. keep more…
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Dollar headed for second weekly gain on tempered rates outlook
By Tom Westbrook SINGAPORE (Reuters) -The dollar headed for a second weekly gain in a row on Friday as signs of resilience in the U.S. economy and caution about rate cuts from central bankers had traders dialling back expectations of swift and sharp falls in interest rates. Weekly gains on the risk-sensitive Australian and New…
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Spot bitcoin ETFs draw nearly $2 billion in first three days of trading
By Suzanne McGee (Reuters) – A new batch of U.S. bitcoin exchange-traded funds (ETFs) has attracted strong investor interest, though it is unclear if they will be able to maintain the pace of inflows in coming weeks. Investors have poured $1.9 billion into nine new exchange-traded funds tracking the spot price of bitcoin in their…
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S&P 500 ends near record high as AI optimism lifts chipmakers
By Noel Randewich and Ankika Biswas (Reuters) -U.S. stocks ended sharply up on Thursday, with the S&P 500 approaching record highs as AI optimism drove gains in Nvidia and other chipmakers. U.S.-listed shares of Taiwan Semiconductor Manufacturing (TSMC) soared nearly 10% after the world’s largest contract semiconductor maker projected 2024 revenue growth of more than…
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Cadillac ramps up Lyriq electric vehicle output as battery supply grows
By Abhirup Roy SAN FRANCISCO (Reuters) – General Motors’ Cadillac is ramping up production of its Lyriq compact, electric sport utility vehicle now that more batteries are available and demand for luxury EVs remain strong despite a slowdown for other types of EVs, a senior executive said on Thursday. Production of Lyriq has been far…
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Tough luxury market hits Bentley as sales drop 11% in 2023
By Nick Carey LONDON (Reuters) – British luxury carmaker Bentley on Friday reported an 11% drop in vehicle sales for 2023 as high-end consumers felt the pinch of rising costs and slowing economies, with sales down in its top three markets – Europe, the Americas and China. “The luxury market was not immune from the…
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Factbox-Key takeaways from the federal report on the Uvalde massacre
By Brad Brooks (Reuters) – The U.S. Justice Department on Thursday released its report on the 2022 Robb Elementary school shooting in Uvalde, Texas, that saw 19 young students and two teachers killed. Here are some of its key findings: ACTIVE SHOOTER The report found that “the most significant failure was that responding officers should…
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Texas school shooting victims ‘deserved better’ from police, US review finds
By Andrew Goudsward, Brad Brooks (Reuters) -Police failed in their response to the 2022 elementary school shooting in Uvalde, Texas, that killed 19 children and two teachers, the U.S. Justice Department concluded on Thursday, saying the victims “deserved better.” The report faulted law enforcement officers for waiting more than an hour to breach the classroom…
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Florida public university system to vote on defunding diversity programs
(Reuters) – Florida’s public university system will decide next Wednesday whether to ban diversity spending and remove sociology classes as a way to fulfill social-science course requirements, a week after the state education board approved the measures for public colleges. The new rules, which easily passed in a Florida Board of Education meeting on Wednesday,…
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Spirit Airlines looking to refinance its debt, not considering restructuring -source
By Rajesh Kumar Singh (Reuters) -Spirit Airlines is looking at options to refinance its debt and is not considering restructuring, a person familiar with the matter told Reuters on Thursday. The company’s shares have been falling since Tuesday on investor concerns about its financial future after a U.S. judge blocked its $3.8 billion merger with…