Global stocks head for weekly loss Japan’s Nikkei aim for seven consecutive winning weeks Treasuries rally on hopes of US debt ceiling deal PCE inflation data in the United States before the start of Wall Street LONDON, May 26 (Reuters) – Global stock markets were silent on Friday, with investors holding their breath as the … Read more
Nvidia Hits All-Time High on Optimistic Forecast AI heavy gamers, Microsoft, rising alphabet Two rating agencies place US credit on negative watch Closing indices: S&P 500 +0.88%, Nasdaq +1.71%, Dow -0.11% May 25 (Reuters) – Wall Street ended sharply higher on Thursday after an explosive forecast from Nvidia sent shares of the chipmaker soaring and … 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 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, soared … 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 capital expenditure outlook when buying 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 Energy … 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
May 18 (Reuters) – China’s Alibaba Group Holding Ltd (9988.HK) posted a 2% rise in quarterly revenue on Thursday that beat expectations and said it would list its cloud computing business next year. The company is struggling to attract new users as China’s e-commerce industry matures and grapples with inroads from new competitors such as … Read more
Home Depot falls after lower annual sales forecast Capital One up as Berkshire Hathaway reveals stake Horizon and Amgen fall after FTC files lawsuit to block deal Dow down 1.01%, S&P 500 down 0.64%, Nasdaq down 0.18% May 16 (Reuters) – U.S. stock indexes closed lower on Tuesday after disappointing Home Depot forecasts and U.S. … Read more
May 16 (Reuters) – Shares of Capital One Financial Corp (COF.N) rebounded from losses over the past two weeks on Tuesday after billionaire investor Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) disclosed that he had taken a nearly $1 billion stake in the credit card-focused bank. Berkshire acquired 9.92 million shares of Capital One, a stake … Read more
