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Nvidia still growing, but China uncertainty clouds outlook
Nvidia forecasts Q3 revenue above Wall Street estimatesForecast assumes no H20 chip sales to ChinaAI demand at cloud providers boosts Nvidia's data center revenueBy Stephen Nellis, Arsheeya Bajwa and Max A. Cherney Aug 27 (Reuters) - Nvidia NVDA.O shares dipped on Wednesday as the fate of its...
Thu, Aug 28
Oil edges up on US crude stocks drop, impact of US tariffs on India
US crude stocks down by 2.4 million barrels: EIATrump's hefty India tariffs take effect US envoy to meet Ukrainian representatives in New YorkRussia plans higher August crude exportsBy Arathy Somasekhar HOUSTON, Aug 27 (Reuters) - Oil prices settled higher on Wednesday after data showed a...
Wed, Aug 27
Kohl's sharper focus on turnaround drives profit lift, shares surge
Shares up 20% in morning tradingQ2 EPS beats estimates on cost cutsNarrows annual sales targets, lifts margin forecastExecutives signal strong start to back-to-school seasonBy Juveria Tabassum and Sanskriti Shekhar Aug 27 (Reuters) - Kohl's KSS.N raised its annual profit forecast on Wednesda...
Wed, Aug 27
Dollar recovers despite Fed independence jitters; European stocks calm after French selloff
LONDON/SINGAPORE, Aug 27 (Reuters) - The U.S. dollar recovered on Wednesday even as investors worried about attacks on Federal Reserve independence, while European shares edged higher after a sharp drop the day before, with the focus now turning to earnings from AI leader Nvidia NVDA.O.
Wed, Aug 27
Bessent says everything on table in China trade talks -Fox Business
Aug 27 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that "everything is on the table" in trade talks with China and that he will be meeting again with his Chinese counterpart at the end of October or beginning of November.
Wed, Aug 27
London markets stabilise amid global jitters over Fed autonomy
Aug 27 (Reuters) - London stocks were flat on Wednesday, stabilising a day after flaring concerns around the U.S. Federal Reserve's independence hit risk assets worldwide.
Wed, Aug 27
MongoDB soars after lifting annual earnings forecast
Shares of database software firm MongoDB MDB.O climb 28.89% to $278.48 in premarket trading
Wed, Aug 27
What does doubling of Trump's tariffs mean for India?
NEW DELHI, Aug 27 (Reuters) - U.S. President Donald Trump's additional 25% tariff on Indian imports took effect on Wednesday, raising duties on some shipments to as much as 50% - among the highest imposed by Washington and on par with Brazil and China.
Wed, Aug 27
Trump's efforts to remove Fed governor set to test Treasury market
Potential for looser monetary policy with Trump's Fed appointeesYield curve steepens amid fears of aggressive rate cutsHigh U.S. debt levels may tempt government to influence Fed policyBy Davide Barbuscia NEW YORK, Aug 27 (Reuters) - U.S. bond investors expect President Donald Trump's lat...
Wed, Aug 27
Trump's doubling of tariffs on Indian imports takes effect, hiking tensions
WASHINGTON/NEW DELHI, Aug 27 (Reuters) - U.S. President Donald Trump's doubling of tariffs on goods from India to as much as 50% took effect as scheduled on Wednesday, escalating tensions between the world's two largest democracies and strategic partners.
Wed, Aug 27
Australian dollar gets only fleeting help from high CPI
By Wayne Cole SYDNEY, Aug 27 (Reuters) - The Australian dollar edged up briefly on Wednesday after a surprisingly high reading on consumer prices seemingly dealt a blow to hopes for a near-term rate cut, though analysts cautioned there was a lot of noise in the data.The monthly reading of consume
Wed, Aug 27
China's industrial profits extend decline as demand, deflation woes take toll
China industrial profits fall again in July, demand woes persistOvercapacity concerns weigh on businessesBeijing under pressure to offer more support to boost domestic demand BEIJING, Aug 27 (Reuters) - China's industrial profits fell for a third consecutive month in July, as businesses strug...
Wed, Aug 27
Trump to chair Gaza meeting in Washington, top US and Israeli diplomats to also meet
Witkoff says US expects war in Gaza to be settled by end of yearPost-war Gaza plans to be discussed in Wednesday White House meeting, Witkoff saysTrump term began with Gaza ceasefire but situation has worsened in recent months of Israeli assaultBy Kanishka Singh and Jasper Ward WASHINGTON, Aug 26
Wed, Aug 27
[Reuters Analysis] Can Nvidia results dispel creeping AI doubts?: McGeever
By Jamie McGeeverORLANDO, Florida, Aug 26 (Reuters) - Questions are arising about when artificial intelligence will deliver its promised returns, meaning tech-concentrated U.S. equity indices sitting near record highs are vulnerable to a correction. Nvidia's quarterly results this week could the...
Wed, Aug 27
US Commerce Department affirms anti-dumping duties against 10 countries
By Christian MartinezAug 26 (Reuters) - The U.S. Department of Commerce issued affirmative determinations of anti-dumping and countervailing duties against 10 countries on Tuesday after investigations into corrosion-resistant steel products.The determinations cover $2.9 billion in imports from Aust
Wed, Aug 27
Bessent says US tariff revenue could be well over $500 billion a year
By David Lawder Aug 26 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top $500 billion a year, with a substantial jump from July to August and likely a bigger jump in September.Bessent told a White Hou...
Wed, Aug 27
Fed's Cook to seek judicial decision to continue in her role, Fed says
By Howard Schneider and Ann Saphir Aug 26 (Reuters) - Federal Reserve Governor Lisa Cook, whose removal is being sought by President Donald Trump over allegations of misstatements on her mortgages, will seek court approval for her continued right to carry on in her role at the U.S. central bank,
Wed, Aug 27
US and Russian officials discussed energy deals alongside latest Ukraine peace talks
Discussions included whether Exxon Mobil would re-enter Sakhalin-1 projectTalks also covered Russia's possible purchase of US equipmentPossible deals were also discussed inside the White HouseBy Anna Hirtenstein and Marwa Rashad LONDON, Aug 26 (Reuters) - U.S. and Russian government officials...
Wed, Aug 27
US Treasury yields, dollar fall as Trump strikes at Fed; US stocks up
Trump says he is firing Fed governor Lisa CookPresident's move fans concerns over Fed independenceUS stocks end with slight gainsBy Caroline Valetkevitch NEW YORK, Aug 26 (Reuters) - U.S. Treasury yields and the dollar eased on Tuesday as President Donald Trump's move to fire a central ba...
Wed, Aug 27
Iran, Europeans meet in Geneva as sanctions threat looms
E3 say they plan to decide on 'snapback' of Iran sanctions this monthRussia, China propose UN Security Council extend nuclear deal for six months IAEA has not been to nuclear sites since US, Israel bombed themEuropean demands include resumption of UN nuclear inspectionsTehran's stock of ...
Tue, Aug 26
