By Julio-Cesar Chavez and Octavio Jones TAMPA (Reuters) -Hurricane Milton was expected to expand in size on Tuesday as it chugged past Mexico’s Yucatan Peninsula
Month: October 2024
US power use forecast to reach record highs in 2024 and 2025, EIA says
(Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short Term
Berkshire Hathaway nets $10 billion from BofA share-sale spree
By Niket Nishant and Manya Saini (Reuters) – Warren Buffett-led Berkshire Hathaway further cut its stake in Bank of America, a late Monday filing showed,
Ports restrict navigation, some oil facilities shut as Milton approaches Florida
HOUSTON (Reuters) – At least one oil and gas platform in the U.S. Gulf of Mexico was shut on Monday and Florida ports imposed restrictions
US lets Starlink provide direct-to-cell coverage for hurricane-hit areas
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission on Sunday allowed Elon Musk’s SpaceX and T Mobile to enable Starlink satellites with
US property and casualty insurers’ shares slump as hurricane season losses mount
By Manya Saini (Reuters) -U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path
Super Micro shares surge as AI boom drives 100,000 quarterly GPU shipments
(Reuters) – Super Micro Computer said on Monday it is currently shipping more than 100,000 graphics processors per quarter and unveiled a new suite of
US job growth blows past expectations, unemployment rate falls to 4.1%
By Lucia Mutikani WASHINGTON (Reuters) -U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, pointing
Meta, challenging OpenAI, announces new AI model that can generate video with sound
By Katie Paul NEW YORK (Reuters) -Facebook owner Meta announced on Friday it had built a new AI model called Movie Gen that can create
Fed seen slowing rate-cut pace after strong US jobs data
(Reuters) – A surge in job growth last month will allow the Federal Reserve to eschew any further big interest-rate reductions and stick to gradual