Browsed by
Author: dzadmin

Wall Street drifts near its record high as Exxon Mobil climbs

Wall Street drifts near its record high as Exxon Mobil climbs

By STAN CHOE, AP Business Writer

NEW YORK (AP) — U.S. stocks are drifting on Tuesday as Wall Street waits to hear what the Federal Reserve will say on Wednesday about where interest rates are heading.

Related Articles

The S&P 500 rose 0.1%, coming off just its second loss in the last 11 days, and pulled closer to its all-time high set in October. The Dow Jones Industrial Average was down 89 points, or 0.2%, as of 12:49 p.m. Eastern time, and the Nasdaq composite was 0.2% higher.

Exxon Mobil was one of the strongest forces lifting the market. It climbed 2.5% after increasing its forecast for profit over the next five years, thanks in part to strength for its fields in the Permian basin in the United States and off Guyana’s shore. read more

SpaceX national security mission marks last use of Canaveral’s landing zones

SpaceX national security mission marks last use of Canaveral’s landing zones

SpaceX sent up its second launch in less than 24 hours on the Space Coast on Tuesday afternoon, while also bringing home its booster for the last time on a landing zone it has been leasing for the last 10 years.

A Falcon 9 rocket lifted off on the NROL-77 mission with a classified satellite for the National Reconnaissance Office from Cape Canaveral Space Force Station’s Space Launch Complex 40 at 2:16 p.m.

This was the fourth launch of the first-stage booster, which made a recovery at Canaveral’s Landing Zone 2.

SpaceX had warned the land recovery could bring one or more sonic booms to parts of Central Florida.

The warning was part of the same standard plans SpaceX plans to use for future Starship and Super Heavy launches, which promise to bring more powerful versions of the loud and rattling pressure change as the massive spacecraft’s booster, as well as upper stage, breaks the sound barrier upon returns to the launch site. read more

Trump approves sale of more advanced Nvidia computer chips used in AI to China

Trump approves sale of more advanced Nvidia computer chips used in AI to China

By JOSH BOAK, Associated Press

WASHINGTON (AP) — President Donald Trump said Monday that he would allow Nvidia to sell an advanced type of computer chip used in the development of artificial intelligence to “approved customers” in China.

There have been concerns about allowing advanced computer chips to be sold to China as it could help the country better compete against the U.S. in building out AI capabilities, but there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.

Related Articles


Federal judge throws out Trump order blocking development of wind energy


Trump says survivors of scrutinized US strike were trying to right boat before 2nd missile was fired


Judge wants whistleblower to testify in contempt probe of Trump official over planes to El Salvador


Former Colorado clerk will remain in state prison after a federal judge rejects her bid for freedom


Tracking the retirement announcements of members of Congress
read more

Boeing finalizes $4.7B acquisition of key 737 Max supplier Spirit AeroSystems

Boeing finalizes $4.7B acquisition of key 737 Max supplier Spirit AeroSystems

By RIO YAMAT

Boeing said Monday that it has completed a $4.7 billion purchase of key supplier Spirit AeroSystems, which builds fuselages for the giant aerospace company’s 737 Max jetliners, including an Alaska Airlines aircraft that suffered a door-panel blowout last year.

Related Articles

The deal, in the works for over a year, brings Boeing’s largest provider of spare parts in-house. CEO Kelly Ortberg called it a “pivotal moment” for the company’s future.

“As we welcome our new teammates and bring our two companies together, our focus is on maintaining stability so we can continue delivering high quality airplanes, differentiated services, and advanced defense capabilities for our customers and the industry,” Ortberg said in a statement. read more

Kroger to pay back Lake County over $460,000 after plant closure announced

Kroger to pay back Lake County over $460,000 after plant closure announced

Kroger Co. has agreed to reimburse Lake County more than $460,000 after it decided to close a Groveland plant the county had supported with a hefty incentive package.

Under the termination agreement the company signed, Kroger must reimburse $460,714.53 to the county by Dec. 31, an amount representing incentive and impact fee rebates received by Kroger from 2022 to 2024. Kroger will also forgo its 2025 incentive and rebate payments, expected to total about $400,000.

The county hopes to get nearly $900,000 more from a British online grocery company that worked with Kroger to build the Groveland facility and was also provided county incentives, but no deal has been reached with that firm yet.

Kroger announced on Nov. 18 that it would be closing its Groveland eCommerce fulfillment center by Feb. 1,  leading to the loss of about 1,400 Florida jobs as the company modifies its grocery delivery approach.

The closing will impact about 935 employees at the Groveland facility and nearly 500 others, many of them delivery drivers, stationed in Jacksonville, Rockledge and Tampa, according to notices the company filed with the Florida Department of Commerce. read more