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News
Ambition and caution as Macquarie turns to a safe pair of hands
45+ min ago (514+ words) SYDNEY, July 23 (Reuters) – While Greg Ward was building Macquarie Group’s mortgage book to the fifth-biggest in Australia, he was also cutting a figure as a respectable Porsche racer, with few wins but — more importantly, say motoring experts — few serious mishaps....
AI will not trigger employment collapse, staffing company Adecco Group says
1+ hour, 5+ min ago (300+ words) ZURICH, July 23 (Reuters) – AI will not trigger a collapse in employment despite concerns the technology will displace large numbers of workers, a study by staffing company Adecco Group showed on Thursday. Employers have cited AI as responsible for nearly a…...
German conservatives to appoint Merz confidant to lead faction after surrogacy row
10+ hour, 11+ min ago (382+ words) BERLIN, July 22 (Reuters) – Germany’s ruling conservatives said on Wednesday they would appoint a close ally of Chancellor Friedrich Merz as their new parliamentary faction chief, following the abrupt exit of party heavyweight Jens Spahn in a row over a surrogacy…...
Tesla profit disappoints, EV maker posts cash burn as AI spending surges
9+ hour, 35+ min ago (803+ words) By Akash Sriram and Abhirup Roy July 22 (Reuters) – Tesla on Wednesday missed analysts’ profit forecasts for the second quarter and, for the first time in more than two years, reported negative free cash flow as the Elon Musk-led EV maker…...
WTVP members learn more about latest fundraising campaign
13+ hour, 35+ min ago (339+ words) PEORIA, Ill. – Members of Peoria’s public television station WTVP gathered at its State St. studio over coffee, pastries, and bagels to learn about its newest campaign. A breakfast kickoff event on Wednesday morning gave the first public launch of the “Stronger…...
Google increases capex forecast again after cloud-driven earnings beat
9+ hour, 44+ min ago (804+ words) (Corrects day to ‘Wednesday’ from ‘Tuesday’ in first paragraph) By Deborah Mary Sophia and Kenrick Cai July 22 (Reuters) – Alphabet on Wednesday reported its best-ever quarter of growth for its cloud computing division, but faced investor scrutiny after concerns about continued…...
US House passes $1 trillion defense bill despite Iran, Israel concerns
7+ hour, 55+ min ago (467+ words) WASHINGTON, July 22 (Reuters) – The U.S. House of Representatives narrowly passed its version of a massive defense policy bill on Wednesday, despite Democrats’ concerns about its huge price tag, the Iran war and a provision that would boost Pentagon ties to…...
ART Inc. to dive into production projects with purchase of former UFS building
8+ hour, 45+ min ago (387+ words) PEORIA, Ill. – Peoria’s ART Inc. is looking to get into the production business. The non-profit recently completed the purchase of the former UFS Furniture Outlet building on SW Adams for $850,000. The purchase was assisted by a state grant of $300,000. The goal…...
CME profit tops estimates, CEO says ‘perps’ chatter overshadows results
10+ hour, 45+ min ago (488+ words) July 22 (Reuters) – CME Group beat Wall Street’s second-quarter profit estimates on Wednesday, fueled by strong hedging demand, sending the derivatives exchange’s shares up 6.1%. Meanwhile, the company’s outgoing CEO, Terry Duffy, reiterated his criticism of perpetual futures, which are listed derivatives…...
Southwest Airlines forecasts third-quarter profit below expectations as fuel costs soar
9+ hour, 30+ min ago (125+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! Southwest Airlines forecasts third-quarter profit below expectations as fuel costs soar July 22 (Reuters) – Southwest Airlines forecast third-quarter profit below Wall Street expectations on Wednesday, after renewed U.S.-Iran…...