LONDON, July 27 (Reuters) – Elon Musk’s Tesla on Monday won its bid to revive a London lawsuit brought against U.S. technology firm InterDigital and a patent licensing platform, seeking a patent licence ahead of the automaker’s launch of 5G vehicles in Britain. Tesla sued InterDigital and Avanci – which licenses patents from multiple owners,…
Summary The Fed’s favorite inflation indicator, the PCE Price Index, will be released by the BEA on Thursday. The index differs from the better-known Consumer Price Index (CPI) as its composition changes more frequently and is quicker to reflect real-time pricing. In the report through
The difference between the current home equity loan (HEL) rate and the average HELOC rate is 13 basis points, according to Curinos, a real estate data analytics company. Especially when rates are this close, choosing the right option doesn’t come down to just rates. It’s how you plan to use your funds that will dictate…
If you’re looking to supercharge your savings, a high-yield savings account can provide a competitive interest rate to help your balance grow faster. However, not all banks offer high savings account rates, which is why it’s important to shop around and find the most competitive savings interest rates available. Read on to learn more about…
Baker Hughes raised its 2026 Industrial & Energy Technology (IET) order outlook after posting record second-quarter bookings, as surging investment in LNG export facilities, gas-fired power generation and data center infrastructure continued to fuel demand for its equipment and services. The company reported second-quarter orders of $10.5 billion, up 49% from a year earlier, while…
By Xinghui Kok SINGAPORE, July 27 (Reuters) – Singapore’s central bank tightened its monetary policy settings unexpectedly on Monday, with inflation projected to step up in the months ahead. Singapore’s central bank has a unique method of managing monetary policy, tweaking the exchange rate of its currency instead of changing domestic interest rates like many…
Beijing is now desperately attempting to bring rare earth manufacturing back inside its own borders, exclusively. New Chinese export restrictions specifically target American plans to begin the country’s first commercial production of rare earth magnet materials by 2027. To counter that move, REalloys (NASDAQ: ALOY) is rebuilding every major stage of North America’s rare earth…
SEOUL, July 27 (Reuters) – Shares of South Korean internet and cloud service giant Naver jumped more than 10% on Monday after it said Nvidia would acquire $1 billion of its new shares to finance a project to expand an AI data centre. The move underscores a deepening partnership between the two companies, which in…
Oil prices gave up earlier gains on Friday after reports that Pakistan is trying to broker a return to U.S.-Iran nuclear negotiations. China is strongly backing the effort as the conflict and the closure of the Strait of Hormuz continue to threaten its energy security and weigh on its economy. Brent crude for September delivery…
U.S. airlines are grappling with soaring jet fuel costs again after the return of hostilities in the Middle East shattered the three-week-long U.S.-Iran ‘deal to make a deal’ and sent Brent crude oil prices soaring past $100 per barrel again. The U.S. jet fuel market has been tightening since March, although there haven’t been concerns…
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