(1/2) Euro and US dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic TOKYO, May 25 (Reuters) – The euro fell on Thursday as Europe’s biggest economy, Germany, was confirmed in recession, while the dollar hit a two-month high, benefiting from a seek refuge as concerns mount over a US default. … Read more
(1/2) The US Capitol is reflected in a falling puddle amid ongoing negotiations seeking a deal to raise the US debt ceiling and avert a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE, May 25 (Reuters) – Markets were stuck in U.S. debt ceiling limbo on Thursday as Europe largely shrugged … Read more
May 24 (Reuters) – Nvidia Corp (NVDA.O) on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it was increasing supply to meet demand. growing demand for its artificial intelligence chips, which are used for power ChatGPT and many similar services. Shares of Nvidia, the world’s most valuable listed semiconductor company, … Read more
Launch of a new round of negotiations on the debt ceiling Citigroup abandons sale of units in Mexico Agilent falls on lower annual forecast Indices down: Dow 0.82%, S&P 0.89%, Nasdaq 0.94% May 24 (Reuters) – Major Wall Street indexes fell on Wednesday as talks between the White House and Republican representatives on raising the … Read more
May 24 (Reuters) – Kohl’s Corp (KSS.N) reported a surprise profit on Wednesday as its new CEO’s efforts to turn around the company that saw its margins slump last year began yielding results, pushing shares of the department store chain up 19%. The company also stuck to its full-year targets, though it saw a bigger-than-expected … Read more
(1/2) Small figurines are seen in front of the Zoom logo displayed in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration May 22 (Reuters) – Zoom Video Communications Inc (ZM.O) raised its full-year revenue and profit forecast on Monday, even as growth slows after a pandemic boom and business spending slows in a difficult economy. … Read more
May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced it had agreed to sell $2.6 billion in construction home loans at a price reduced in order to improve its balance sheet. PacWest shares rose nearly 20% on the deal, giving the Los Angeles-based bank breathing space … Read more
Deal increases Chevron’s production by 240,000 barrels per day The company will raise its outlook for capital expenditure on purchase Chevron shares fall 1%, PDC Energy gains 8% May 22 (Reuters) – Chevron Corp (CVX.N) said on Monday it was increasing its oil and gas footprint in the United States by acquiring shale producer PDC … Read more
May 22 (Reuters) – Ford Motor Co (FN) unveiled new battery-grade lithium supply deals on Monday as the U.S. automaker aims to meet its goal of producing 2 million electric vehicles by 2026 and to close the gap with market leader Tesla Inc. (TSLA.O). Ford is hosting an investor event on Monday explaining how it … Read more
Asian scholarships: S&P 500 futures down 0.1%, Japanese Nikkei flat US debt ceiling talks to resume after deadlock Powell less warmongering than feared; Yellen warns against further bank mergers G7 to reduce trade dependency on China, Beijing partially bans Micron SYDNEY, May 22 (Reuters) – Asian stocks and Wall Street futures struggled on Monday as … Read more
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