News
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AMD expects profit to triple by 2030, data center chip market to grow to $1 trillion
NEW YORK, Nov 11 (Reuters) - Advanced Micro Devices AMD.O said on Tuesday that it expected annual data center chip revenue of $100 billion within the next five years, and its earnings to more than triple.
Reuters
Wed, Nov 12
Oil up as investors balance sanctions risks, oversupply worries
Lukoil declares force majeure at Iraqi oilfield amid sanctionsU.S. government shutdown resolution boosts demand expectationsSaudi Arabia, Iraq, Kuwait to supply more oil to IndiaBy Nicole Jao NEW YORK, Nov 11 (Reuters) - Oil prices gained about $1 on Tuesday on the impact of the latest U.S. sanct...Reuters
Tue, Nov 11
ANALYSIS-Stock market hits speed bump but investors stay on bullish path
Investors view market decline as pause after rally, not deeper unravelingVolatility seen as normal, driven by profit-taking, not fundamental shiftU.S. economy's strength supports risk-taking, argues against market crashBy Saqib Iqbal Ahmed and Laura Matthews NEW YORK, Nov 9 (Reuters) - The st...Reuters
Tue, Nov 11
SoftBank Sells Its Entire Stake in Nvidia for $5.83 Billion
SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.83 billion ahead of a rash of planned investments by founder Masayoshi Son to build his own sphere of influence supporting artificial intelligence.The Tokyo-based company had raised its stake in Nvidia to about $3 billion by thTiger News
Tue, Nov 11
Sony raises profit forecast by 8%, cites lower tariff impact, anime strength
Sony cites success of 'Demon Slayer' movie Sony sold 3.9 million PlayStation 5 units in Q2 Firm to spend up to 100 billion yen to buy back sharesShares jump 5.5% following announcementBy Sam NusseyTOKYO, Nov 11 (Reuters) - Sony 6758.T raised its operating profit forecast for the year ending ...Reuters
Tue, Nov 11
Soybeans ease after rally, market awaits Chinese purchases
Chicago soybeans fell for the first time in three sessions on Tuesday, as the market came under pressure amid a lack of large-scale purchases by China, the world's biggest importer of the oilseed, despite earlier announcements from U.S. officials.Reuters
Tue, Nov 11
China devises plan to keep US military from getting its rare-earth magnets
China plans to ease the flow of rare earths and other restricted materials to the U.S. via a system that will exclude companies with ties to the U.S. military while fast-tracking export approvals for other firms, the Wall Street Journal reported on Monday, citing people familiar with the matter.Reuters
Tue, Nov 11
Gold hits near 3-week peak on rate-cut bets, US shutdown optimism
Gold prices rose further on Tuesday to hit their highest level in nearly three weeks, helped by growing expectations of another U.S. Federal Reserve interest rate cut in December and signs of an end to the U.S. government shutdown.Reuters
Tue, Nov 11
Bitcoin Price Prediction: Analysts Compare Current Setup To 2020, Could We See A 500% BTC Rally?
The Bitcoin price prediction narrative is heating up again as analysts draw parallels between today’s setup and the 2020 cycle that kicked off Bitcoin’s historic run to new highs. Miners, such as Bitdeer Technologies, report significant revenue gains, and whales appear to be holding steady. This isCryptopolitan
Tue, Nov 11
US Senate passes bill to end government shutdown, sends to House
Senate passes bill to end shutdown, heads to House for approvalDeal restores funding, stalls Trump's workforce downsizing until January 30Democrats express anger over lack of health subsidy guaranteesBy Richard Cowan, Andy Sullivan and Nolan D. McCaskill WASHINGTON, Nov 10 (Reuters) - The U.S...Reuters
Tue, Nov 11
Trump says US faces 'economic disaster' if Supreme Court rules against tariffs
WASHINGTON, Nov 10 (Reuters) - U.S. President Donald Trump said on Monday the United States faced an economic and national security disaster if the Supreme Court ruled against his use of an emergency powers law to impose sweeping tariffs against nearly every country.Reuters
Tue, Nov 11
Japan's rice prices on rise again in test for new prime minister
KISARAZU, Japan, Nov 11 (Reuters) - At a farmer's market not far from Tokyo, more than 100 shoppers queued for a chance to get a kilo or so of Japanese rice for 500 yen ($3.32) by carefully heaping as much of the grain into a small wooden box as possible.Reuters
Tue, Nov 11
Stocks rally, Treasury yields advance on hopes for a US government reopening
NEW YORK/LONDON, Nov 10 (Reuters) - MSCI's global equities gauge rallied 1.4% on Monday while government bond yields rose modestly on bets the record-long U.S. government shutdown will soon end, enabling official data releases to resume to provide much-needed clarity on the state of the economy.Reuters
Tue, Nov 11
Buffett 'going quiet' but backs CEO-designate Abel, plans to keep Berkshire shares
Nov 10 (Reuters) - Warren Buffett on Monday assured Berkshire Hathaway BRKa.N shareholders they should stick around as he prepares to depart as chief executive, giving a full-throated endorsement to his successor Greg Abel and promising to remain a major shareholder.
Reuters
Tue, Nov 11
Trump says he is working on a deal to lower tariff rate on Swiss imports
WASHINGTON/ZURICH, Nov 10 (Reuters) - The United States is working with Switzerland on a deal to lower the 39% tariff rate it faces on exports to the U.S., President Donald Trump told reporters in the Oval Office on Monday, but said he had not yet settled on a new rate.Switzerland has been scramblinReuters
Tue, Nov 11
