By Bhanvi Satija and Raghav Mahobe (Reuters) -Medtronic Plc on Thursday forecast annual profit below Wall Street estimates, as a…
Category: Business
Exclusive-From Russia with gold: UAE cashes in as sanctions bite
By Peter Hobson (Reuters) – The United Arab Emirates has become a key trade hub for Russian gold since Western…
White House criticizes Republicans, says ‘preventing default’ is not a concession
By Andrea Shalal and Nandita Bose WASHINGTON (Reuters) -The White House on Wednesday criticized Republicans and said averting default is…
Nvidia shares soar nearly 30% as sales forecast jumps and AI booms
By Chavi Mehta and Stephen Nellis (Reuters) -Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street…
Chipmaker Analog Devices’ weak forecast sparks share selloff
(Reuters) -Analog Devices Inc said on Wednesday that a turbulent economy would weigh on its third-quarter results, sending the chipmaker’s…
EU court rejects Meta challenge to antitrust information requests
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms suffered a setback on Wednesday as Europe’s second-top court ruled as…
Higher interest rates boost hedge fund stock borrowing to record high – Goldman
By Nell Mackenzie LONDON (Reuters) – Borrowing across the global hedge fund industry has hit record highs, Goldman Sachs said…
Oil rises as US gasoline supplies tighten, Saudi says: ‘watch out’
By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning…
Exclusive-California seeks EPA approval to ban sales of new gasoline-only vehicles by 2035
By David Shepardson WASHINGTON (Reuters) -California has asked the Biden administration to approve its plan to require all new vehicles…
Google-backed Anthropic raises $450 million in latest AI funding
By Krystal Hu and Jaiveer Shekhawat (Reuters) -Anthropic, an artificial intelligence startup competing with OpenAI in building AI foundation models,…