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Broadcom sees strong AI growth for fiscal 2026 on new customer addition
By Zaheer Kachwala Sept 4 (Reuters) - Broadcom AVGO.O expects artificial intelligence revenue growth for fiscal 2026 to "improve significantly", after securing more than $10 billion in AI infrastructure orders from a new customer, CEO Hock Tan said on Thursday.Tan, who was 73 as of Broadc...
Fri, Sep 5
Trump to host tech CEOs for first event in newly renovated Rose Garden
By Jarrett RenshawSept 3 (Reuters) - U.S. President Donald Trump will host more than two dozen technology and business leaders on Thursday for a dinner in the newly renovated White House Rose Garden, according to a White House official. The guests include Meta META.O founder Mark Zuckerberg, Apple A
Fri, Sep 5
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Fed nominee Miran tells Senate panel he's 'not at all' Trump's puppet
Fed next meets to set policy September 16-17Miran if confirmed would serve at Fed through January 31'Are you a Donald Trump puppet?' Miran is asked by Republican KennedyTrump has made 'excellent calls' on policy, Miran saysBy Ann Saphir and Bo Erickson Sept 4 (Reuters) - Stephen M...
Fri, Sep 5
Oil prices ease on surprise build in US crude stockpiles, OPEC+ to consider output hike
US crude stocks rose unexpectedly last week, EIA and API dataOPEC+ to consider raising oil production further, sources sayOPEC+ meeting set for SundayUS economic data suggests potential Fed interest rate cutBy Scott DiSavino NEW YORK, Sept 4 (Reuters) - Oil prices eased about 1% to a two-week low...
Thu, Sep 4
US weekly jobless claims rise as labor market eases
WASHINGTON, Sept 4 (Reuters) - The number of Americans filing new applications for jobless benefits increased more than expected last week, consistent with softening labor market conditions.
Thu, Sep 4
Tesla's UK car sales rise in August despite broader auto dip, data shows
Sept 4 (Reuters) - Tesla's TSLA.O new-car sales in Britain rose in August from last year, data showed on Thursday, primarily driven by a growing electric vehicle market even as overall UK auto sales declined.
Thu, Sep 4
London stocks rise on a boost from consumer staples and utilities
Sept 4 (Reuters) - UK shares nudged higher on Thursday, led by gains in consumer staples and utility stocks, while investors assessed corporate updates.
Thu, Sep 4
Figma shares plunge as earnings miss lofty post-IPO expectations
Sept 4 (Reuters) - Figma's shares FIG.N fell more than 15% in premarket trading on Thursday following a modest first-quarter earnings beat that fell short of the sky-high expectations set by its blockbuster July stock debut.
Thu, Sep 4
Footwear retailer Caleres' Q2 sales beat estimates
Caleres Q2 sales fall 3.6% but beat analyst expectations, per LSEG data. Adjusted EPS of $0.35 misses analyst estimates, per LSEG data
Thu, Sep 4
Japan's Nikkei rebounds as tech shares mirror Wall Street peers
TOKYO, Sept 4 (Reuters) - Japan's Nikkei share average rebounded on Thursday from a nearly one-month low in the previous session, as domestic technology stocks led the rally following overnight gains among U.S. peers.
Thu, Sep 4
China to impose tariffs on some types of US single-mode optical fibre
BEIJING, Sept 4 (Reuters) - China will impose tariffs of up to 78.2% on certain U.S. optical fibre imports from September 4, the commerce ministry said in a statement a few minutes before midnight on Wednesday, accusing American producers of skirting anti-dumping measures.
Thu, Sep 4
Smooth Japan bond auction soothes market jitters after global yield surge
Global 30-year yields surged this week on fiscal worriesJapan's MOF had reduced long-dated issuance to cap yieldsPolitical shifts in Tokyo may drive risk premia higherBy Rocky Swift and Kevin Buckland TOKYO, Sept 4 (Reuters) - A closely watched auction of 30-year Japanese government bonds pas...
Thu, Sep 4
[Reuters Analysis] China uses yuan as olive branch in US trade talks: McGeever
By Jamie McGeeverORLANDO, Florida, Sept 3 (Reuters) - A notable trend this year has been the often-counterintuitive market reactions to U.S. President Donald Trump's efforts to upend many long-held economic norms. One of the biggest surprises has been the appreciation of China's yuan.The con...
Thu, Sep 4
Musk's xAI wins early order blocking engineer from sharing tech with OpenAI
By Mike Scarcella Sept 3 (Reuters) - Elon Musk’s artificial intelligence startup xAI has won a court order temporarily blocking a former xAI engineer from working on or even communicating about AI technology with his new employer, ChatGPT maker OpenAI.U.S. District Judge Rita Lin in San Francisc
Thu, Sep 4
Google must pay $425 million in class action over privacy, jury rules
Jury finds Google liable for privacy violations in class actionGoogle denies wrongdoing, claims data was nonpersonal and encryptedGoogle has faced other privacy lawsuits Sept 3 (Reuters) - A federal jury determined on Wednesday that Alphabet's Google GOOGL.O must pay $425 million for invading...
Thu, Sep 4
Fed officials, worried about jobs, muse on rate-cut prospects
Fed officials consider rate cuts due to labor market concernsWaller and Bostic suggest potential rate cuts in upcoming meetingsTariffs seen as temporary, affecting inflation and labor marketBy Michael S. Derby and Ann Saphir Sept 3 (Reuters) - Several Federal Reserve officials who spoke on We
Thu, Sep 4
Japan 30-year auction tests a jittery bond market as global yields surge
Global 30-year yields surge to historic levels on fiscal concernsJapan's MOF reduced long-dated issuance to cap yieldsPolitical shifts in Tokyo may drive risk premia higherBy Rocky Swift TOKYO, Sept 4 (Reuters) - An auction of super-long Japanese government bonds on Thursday serves as the lat...
Thu, Sep 4
Trump's oldest sons' American Bitcoin stake worth $1.5 billion in stock debut
Donald Trump Jr and Eric Trump own about 20% of bitcoin mining company Trump family expands crypto ventures, including World Liberty FinancialEric Trump dismisses conflict of interest criticisms as "insane"By Koh Gui Qing and Milana Vinn NEW YORK, Sept 3 (Reuters) - A bitcoin company tied...
Thu, Sep 4
Trump says US may have to 'unwind' trade deals and will 'suffer greatly' if it loses tariff case
Trump comments seen aimed at pressuring Supreme CourtFate of trade deals uncertain Senate Democrat says Trump's comments caused confusionBy Jeff Mason and Andrea Shalal WASHINGTON, Sept 3 (Reuters) - President Donald Trump said on Wednesday the U.S. might have to "unwind" trade de...
Thu, Sep 4
Oil prices drop as OPEC+ weighs another output hike
OPEC+ expected to consider further raising oil productionOPEC+ meeting set to take place on SundayUS crude stocks rose last week, market sources say, citing APIBy Nicole Jao NEW YORK, Sept 3 (Reuters) - Oil prices fell by more than 2% on Wednesday ahead of a weekend meeting of OPEC+ producers tha...
Wed, Sep 3
