Intel plans $20 bln chip manufacturing site in Ohio

The Intel Corporation logo is seen on a display at a store in Manhattan, New York, November 24, 2021. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register WASHINGTON/SAN FRANCISCO, Jan 20 (Reuters) – Intel Corp will invest $20 billion in two new factories in Ohio to make advanced chips, the company said … Read more

Peloton plans workforce size review, production changes

Jan 20 (Reuters) – The chief executive of Peloton Interactive Inc (PTON.O) said on Thursday the company was reviewing its workforce size and “resetting” production levels, following a report earlier in the day that it was temporarily halting the production of connected devices. fitness bikes and treadmills after a significant drop in demand. Shares of … Read more

Gloomy Netflix forecast erases much of stock’s pandemic gains

The Netflix logo is seen on a television remote control, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register LOS ANGELES, Jan 20 (Reuters) – Netflix Inc dashed hopes of a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares tumbling nearly 20% … Read more

Bargain-hunting buoys Wall Street after Nasdaq correction

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York, U.S., December 3, 2021. REUTERS/Jeenah Moon/File Photo Join now for FREE unlimited access to Reuters.com Register Peloton tumbles after report suspends production Travelers up after reporting record quarterly profit Baker Hughes jumps on fourth-quarter earnings release Indices up: Dow … Read more

S&P 500, Dow up on earnings lift, Nasdaq off session low

A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 18, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register UnitedHealth rises as fourth quarter profit beats estimates BofA and Morgan Stanley end bank earnings on optimistic note P&G gains … Read more

Wall St tumbles as yield spike hits tech, banks slump after Goldman miss

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York, U.S., December 3, 2021. REUTERS/Jeenah Moon Join now for FREE unlimited access to Reuters.com Register Goldman shares fall 7% as earnings hit by weaker trading Benchmark US Treasury yields hit two-year highs Activision skyrockets on $68.7 billion deal with … Read more

U.S. grocery shortages deepen as pandemic dries supplies

Jan 14 (Reuters) – Strong demand for groceries combined with soaring transportation costs and Omicron-related labor shortages are creating a new round of backlogs at processed food and fresh produce, resulting in empty supermarket shelves at major retailers across the United States. West Coast perishable produce producers are paying nearly triple pre-pandemic trucking rates to … Read more