Top US lawmaker opposes potential F-16 sale to Turkey

WASHINGTON, Jan 13 (Reuters) – The Biden administration has told Congress it is preparing a potential $20 billion sale of F-16 fighter jets to Turkey, sources familiar with the matter said on Friday, prompting an immediate objection from a senior US lawmaker who has long opposed the deal. The State Department sent the informal notice … Read more

S&P 500 closes at month’s high, indices gain for a week as earnings kick in

JPMorgan and Wells Fargo shares jump US consumer inflation expectations are easing – survey Tesla drops after electric vehicle price cuts Indices: Dow up 0.3%, S&P 500 up 0.4%, Nasdaq up 0.7% NEW YORK, Jan 13 (Reuters) – The S&P 500 and Nasdaq ended Friday at their highest levels in a month as shares of … Read more

US strongly committed to defending Japan, Biden tells Kishida, welcomes military build-up

WASHINGTON, Jan 13 (Reuters) – U.S. President Joe Biden told Japanese Prime Minister Fumio Kishida on Friday that the United States remains firmly committed to its alliance with Japan and hailed Tokyo’s “historic” defense reforms. Kishida is in Washington on the latest leg of a tour of G7 industrial powers and seeks to bolster longstanding … Read more

Explainer: Why Japan is looking for military ties beyond its US ally

TOKYO, Jan 13 (Reuters) – Ahead of meeting President Joe Biden in Washington DC, Japanese Prime Minister Fumio Kishida visited Italy, France, Britain and Canada, in part to forge ties of security that could help him fend off China, North Korea and Russia. RAW QUARTER In June, then Japanese Defense Minister Nobuo Kishi said his … Read more

China’s COVID peak will last two to three months, then hit rural areas

Peak of the COVID wave observed for 2 to 3 months – epidemiologist Older people in rural areas particularly at risk People’s mobility indicators are picking up, but not yet fully recovering BEIJING, Jan 13 (Reuters) – The peak of the COVID-19 wave in China is expected to last two to three months and will … Read more

TSMC cuts investment in 2023 after record fourth quarter as chip demand weakens

Q4 profit of T$295.9 billion vs. T$289.44 billion, analysts say Fourth-quarter revenue up 26.7% year-on-year to $19.93 billion Sees 2023 investments at $32-36 billion from $36.3 billion the previous year The company plans to increase its production abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter revenue would fall … Read more

Russia appoints Private Gerasimov to oversee Ukraine campaign

Gerasimov will oversee the military campaign in Ukraine Latest reshuffle follows other battlefield setbacks Gerasimov has been the target of Russian pro-war criticism Jan 11 (Reuters) – Russian Defense Minister Sergei Shoigu on Wednesday appointed Chief of General Staff Valery Gerasimov to oversee the military campaign in Ukraine, in Moscow’s latest military leadership reshuffle. Gerasimov, … Read more

Chinese worry about elderly as WHO warns of COVID outbreak over holiday

Two billion trips expected for Lunar New Year The virus is spreading from cities to vulnerable villages WHO says China’s response challenged by lack of data China’s grand reopening spoiled by Japan and Korea spat BEIJING, Jan 12 (Reuters) – People in China on Thursday worried about the spread of COVID-19 to elderly relatives as … Read more

Bed Bath & Beyond surges for third day of meme stock rally

Jan 11 (Reuters) – Shares of Bed Bath & Beyond (BBBY.O) surged on Wednesday as individual investors crowded in, extending the stock’s rebound from the multi-decade lows hit last week and reigniting a rally in other meme actions. Among the top three companies listed on Fidelity’s retail platform, Bed Bath & Beyond jumped 69% during … Read more

Wall St jumps on optimism ahead of key inflation report

CPI report expected on Thursday before the bell Bed, Bath & Beyond Extends Recent Gains NEW YORK, Jan 11 (Reuters) – U.S. stocks closed with strong gains on Wednesday, led by a jump in the Nasdaq as investors were bullish ahead of an inflation report that could give the Federal Reserve some leeway to reverse … Read more