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By Jeff Mason and Makini Brice DETROIT (Reuters) -Seeking to revive his struggling reelection campaign, President Joe Biden held a rare rally in Detroit on Friday, telling a cheering crowd he wasn’t going to leave the race and warning that Republican Donald Trump poses a serious threat. Biden, 81, is trying to shift the conversation…
(Reuters) -McDonald’s reported a surprise drop in quarterly global comparable sales on Monday, as the burger giant struggled to hold back budget-strapped customers from opting for cheaper meals at home. Global sales fell 1% in the second quarter, its first decline in 13 quarters, compared with analysts’ average estimate of a 0.53% rise, according to…
(Reuters) – Nvidia shares gained 3% before the bell on Thursday, set to extend the semiconductor bellwether’s lead as the world’s most valuable company, after partners Dell and Super Micro Computer received server orders for Elon Musk’s AI startup. Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to add more than…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Friday that the latest round of inflation data is good news for the economy and the central bank. After being higher than desired at the start of the year, “it is welcome to see that inflation is moving…
By Ananya Mariam Rajesh and Juveria Tabassum Best Buy is set to post its tenth consecutive quarter of sales decline on Thursday when the U.S. electronics retailer reports quarterly results, as spending on big-ticket electronics remains pressured despite easing inflation. Although results from big-box retailers Walmart and Target indicate that consumers have resumed spending on…
By Michael Erman (Reuters) – A 15-day course of Pfizer’s COVID-19 antiviral treatment Paxlovid did not relieve symptoms of long COVID, according a study by Stanford University researchers. Currently, there are no proven treatments specifically for long COVID in which a host of symptoms can last for many months after initial coronavirus infection. Scientists and…
WASHINGTON (Reuters) – Donald Trump is considering tapping billionaire Elon Musk as a policy adviser if the Republican presidential candidate reclaims the White House in November’s election, the Wall Street Journal reported on Wednesday, citing people familiar with the talks. The two have discussed ways for Musk, who runs the social media platform X as…
(Reuters) – A union representing flight attendants for American Airlines Group said on Thursday they are preparing to strike after contract negotiations with the carrier failed to produce an agreement this week. The Association of Professional Flight Attendants (APFA), which represents about 28,000 American Airlines flight attendants, said after a year of mediated talks with…
(Reuters) – U.S. technology firm Apple has become the first brand to cross $1 trillion in brand value, a 15% jump from last year, a global ranking by Kantar’s BrandZ showed on Wednesday. The iPhone maker retained its crown as the world’s most valuable brand for the third straight year in 2024, followed by Alphabet’s…
(Reuters) – The U.S. Securities & Exchange Commission has told at least two of the eight firms that have applied to launch the first U.S. exchange-traded funds (ETFs) tied to the price of ether that their products can begin trading on Tuesday. The new products from BlackRock VanEck and six others will begin trading Tuesday…
