(Reuters) -Qualcomm Inc on Wednesday predicted a rise in sales of chips for 5G phones, including Apple Inc’s iPhone, as the company said it had mitigated supply shortfalls that have contributed to a global chip shortage.FILE PHOTO: A Qualcomm sign is shown outside one of the company’s many buildings in San Diego, California, U.S., September 17, 2020. REUTERS/Mike Blake/File PhotoQualcomm […]

Slideshow ( 2 images )PARIS (Reuters) -A consortium led by German automaker Volkswagen has agreed with Europcar to launch a tender offer for the car rental company, which will value the group’s equity at at least 2.5 billion euros ($2.95 billion). Volkswagen is proposing an offer price of 0.50 euros per share, which could be topped up by a 0.01 […]

Shares of Generac fell nearly 13% at their low on Wednesday after the company warned about supply chain constraints and rising input costs. The backup power company posted record sales during the second quarter. Generac shares are up 80% this year as power outages and a shift to clean energy boost demand. In this article GNRC Shares of backup power […]

With the trading day nearly halfway over, the broad markets were somewhat mixed. The Nasdaq was roaring back up, nearly 1%, while the Dow Jones industrials were slightly negative and the S&P 500 was edging higher. Investors seem to be waiting, more than anything, for what the Federal Reserve has to say later in the day. 24/7 Wall St. is […]

Forex traders said the rupee is trading in a narrow range ahead of the monthly expiry and the U.S. Fed’s policy decision. The rupee recovered by 9 paise to close at 74.38 (provisional) against the U.S. currency on Wednesday, snapping it two-day losing run ahead of the U.S. Fed policy decision. Forex traders said the rupee is trading in a […]

The Fed will issue a statement at 2 p.m. ET on Wednesday, following a two-day meeting of the Federal Open Market Committee. Fed Chairman Jerome Powell will then speak to the media at 2:30 p.m. ET. U.S. Treasury yields climbed on Wednesday morning, ahead of Federal Reserve's latest monetary policy decision. The yield on the benchmark 10-year Treasury note rose […]

LONDON (Reuters) – British retailers cut their prices more heavily in July than in June as supermarkets intensified their battle for customers, an industry group said on Wednesday, offering some relief to shoppers as broader inflation accelerates.FILE PHOTO: People shop at a market stalls in east London, Britain, January 23, 2021. REUTERS/Henry NichollsThe British Retail Consortium’s shop price index for […]

PARIS (Reuters) -A consortium led by German automaker Volkswagen is in advanced talks to buy Europcar in a deal that would value the French car rental company’s equity at about 2.5 billion euros ($3 billion).FILE PHOTO: The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July […]