Latin American Business Headlines at 10:16 p.m. EDT
Widespread outage hits Puerto Rico as customers demand ouster of private electric company
Widespread outage hits Puerto Rico as customers demand ouster of private electric company
"I can't tell you that I know you're lying, but it definitely goes in the documentation so that everyone knows everything you say needs to be double-checked."
In retirement, net worth shows the total result of a lifetime's savings, debts and investments. This measure is often more insightful than income, as it reveals your financial stability and whether...
Artificial intelligence (AI) chip start-up Biren Technology, considered key to China's efforts to reduce reliance on US chipmaker Nvidia, said it has significantly increased the performance of its hardware when training large language models (LLMs) by working with a Tencent Holdings-backed supplier of computing power, or compute. Biren, which Washington placed on a trade blacklist last year, has conducted a "deep" collaboration in LLM development and reasoning with Infinigence AI, boosting the t
The 2024 U.S. presidential elections are underway and people across the world have gathered together to watch as the results roll in.
Tight global supply, low channel inventories and seasonal demand in several key markets have kept prices for nutrients such as potash and phosphate high at a time when crop prices have declined, forcing farmer to curb spending on fertilizers. "Global phosphate markets remain tight supported by Chinese export restrictions and production outages in the U.S. We anticipate some impact on global demand due to tight supply and weaker affordability," the company said. Nutrien lowered its outlook for annual phosphate sales volumes to be in the range of 2.4-2.5 million tonnes from 2.5-2.6 million tonnes previously.
Additional tariffs are unlikely to stop Chinese electric vehicle (EV) firms from entering the European Union (EU) because their advantages in production and price will make their products competitive abroad, according to industry officials at the world's largest trade show. These officials, speaking at the China International Import Expo (CIIE) in Shanghai, said mainland companies are able to offer the best pure electric cars at the best prices and their development and manufacturing capabilitie
(Bloomberg) -- Seven & i Holdings Co., the convenience-store operator facing a takeover approach from Canada’s Alimentation Couche-Tard Inc., plans to reduce its stake in its banking unit to 38% as part of a broader revamp, people with knowledge of the matter said.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowThe retailer’s 46% stake in Seven Bank Ltd., which offers banking services and access to
Lamborghini reports 20% revenue boost as new models and high demand fuel growth for luxury automaker
Successfully saving for retirement doesn't mean having $1 million in the bank. Experts say you need to plan for your retirement to last several decades and base your budget around living to be 100...
TOKYO (Reuters) -Toyota Motor posted on Wednesday its first quarterly profit drop in two years as its weaker sales and production issues in two crucial markets - Japan and the U.S. - stalled the Japanese automaker's recent record run. The world's top-selling automaker had been on a record profit run until earlier this year, with its heavy focus on hybrid models helping it benefit from growing consumer interest in more affordable vehicles compared to the costlier battery-powered electric vehicles amid soaring inflation. But quality issues at its truck and bus unit Hino Motors, heavy competition from Chinese brands in the world's biggest auto market, and a now-resolved production suspension of two models in the U.S. have started slowing its sales momentum in recent months.
Do I have a case to fight back — or should I just take the payout?
(Bloomberg) -- Diamondback Energy Inc., the largest independent oil and gas producer in the Permian Basin, warned that the US shale industry may be growing to its own detriment again.Most Read from BloombergFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowParis Restricts Through Traffic in City CenterIstanbul Tries Free Public Transit to Help Job SeekersIn Warsaw, Falling Road Deaths Signal a Traffic Safety TurnaroundThe company is planning to hold its own output grow
Lacey wants to update its ordinance tied to reflexology and massage businesses.
A tool called AIHawk is helping some job seekers apply for hundreds of jobs a day on LinkedIn. But users said there are risks.
TOKYO (Reuters) -Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said on Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.S. The plans underline the vulnerability of Japan's third-largest automaker, having never fully recovered from the disarray that led to the 2018 ouster of former chairman Carlos Ghosn and scaling back of the partnership with Renault SA. Nissan cut its annual profit outlook by 70% to 150 billion yen ($975 million) on Thursday, the second time it lowered the forecast this year.
TORONTO — A "difficult" economic environment took a bite out of Restaurant Brands International Inc.'s profit in its most recent quarter as sales fell across three of the company's brands, but executives say they've already seen signs of improvement in October.
As Big Oil has been boosting production, it has been adding to global supply and frustrating OPEC+’s efforts to control oil output and, consequently, oil prices
STORY: Apple is set to be the first company fined under new EU new rules aimed at reining in the power of Big Tech. That’s according to sources with direct knowledge of the matter on Tuesday. EU regulators charged in June that the iPhone maker had breached the bloc's tech rules. The charge against Apple was the first under the EU’s Digital Markets Act, or DMA, which came into force earlier this year. Bloomberg reported on Tuesday that Apple was found to have failed to allow app developers to steer users to cheaper deals and offers outside of the App Store. The Reuters sources said the fine is likely to come this month, although the timing could still change. DMA violations could result in a fine of as much as 10% of a company's global annual turnover.Apple declined to comment, while the European Commission did not immediately respond to a Reuters request for comment. The new penalty comes just months after Brussels fined Apple over $2 billion for thwarting competition from music streaming rivals via App Store restrictions. Apple also lost a long-running court battle with the EU in September. That resulted in the company being forced to pay over $14 billion in back taxes to Ireland.
Gold Royalty Corp (GROY) reports a 90% revenue increase and positive net income, with strong fourth-quarter growth expected.
I'm a 65-year-old preparing for retirement within the next three to five years. I'm looking at different types of retirement funds. Would adding stocks that are dividend-structured along with gold and cryptocurrencies be a good mixture? -Earl Shifting from building … Continue reading → The post Ask an Advisor: I'm 65 Years Old and Going to Retire Soon. How Should I Structure My Portfolio? appeared first on SmartAsset Blog.