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Figma raises annual revenue forecast on strong design software demand
By Zaheer KachwalaNov 5 (Reuters) - Figma FIG.N raised its annual revenue forecast on Wednesday, banking on the collaborative design software provider's efforts to expand its product line-up and grow its user base.Shares of the company were up around 2.5% in extended trading. In a crowded market...
Reuters
Thu, Nov 6
Qualcomm forecasts solid quarter but smaller Samsung business hits shares
SAN FRANCISCO, Nov 5 (Reuters) - Chip designer Qualcomm QCOM.O on Wednesday forecast quarterly sales and profit above market expectations as premium smartphone sales rebounded, but a possible loss of business next year from Samsung, a key customer, sent its shares down after hours.
Reuters
Thu, Nov 6
Nvidia's Jensen Huang: 'China is going to win the AI race,' FT reports
Nov 5 (Reuters) - Nvidia CEO Jensen Huang has warned that China will beat the United States in the artificial intelligence race, the Financial Times reported on Wednesday."China is going to win the AI race," Huang told the newspaper on the sidelines of the Financial Times' Future of AI S...Reuters
Thu, Nov 6
Beijing lifts some tariffs on US farm goods but soybeans stay costly
China ends retaliatory tariffs on US agricultural products China keeps 10% tariffs on all US goodsChina diversifies soybean imports, cuts US relianceUS soy futures hit June 2024 high on hopes for salesBy Joe Cash, Ella Cao and Ethan Wang BEIJING, Nov 5 (Reuters) - China will suspend retaliatory t...Reuters
Wed, Nov 5
Oil settles down more than 1% at 2-week lows on fears of glut
US crude stocks rise, fuel inventories fall, EIA data showsCanada may scrap oil and gas emissions cap, raising supply concernsRussia suspends fuel exports at Black Sea refineryBy Nicole Jao NEW YORK, Nov 5 (Reuters) - Oil prices fell more than 1% on Wednesday, settling at two-week lows on pressur...Reuters
Wed, Nov 5
Gold rebounds from near 1-week low on bargain-hunting ahead of US jobs data
Gold prices rose on Wednesday, as bargain hunters stepped in after bullion dropped to a near one-week low in the previous session, while focus was also on the U.S. private payroll data for cues on future interest rate cuts.Reuters
Wed, Nov 5
Stocks dip on valuation fears, dip-buyers emerge
Asian stocks recovered some lost ground on Wednesday after a steep selloff as market volatility surged to levels not seen since April following an overnight tech-led selloff on Wall Street heightened concerns over stretched valuations.Reuters
Wed, Nov 5
Silver Price Forecast: XAG/USD moves above $47.50 as safe-haven demand increases
Silver price (XAG/USD) halts its three-day losing streak, trading around $47.60 per troy ounce during the Asian hours on Wednesday. The price of Silver metal gains ground amid increased safe-haven demand, driven by a global selloff in risk assets.
Fxstreet
Wed, Nov 5
Supreme Court weighs legality of tariffs in major test of Trump's power
The U.S. Supreme Court is due on Wednesday to hear arguments over the legality of Donald Trump's sweeping tariffs in a case with implications for the global economy that marks a major test of the Republican president's powers and the willingness of the justices to let him push the limits of his authReuters
Wed, Nov 5
SoftBank Group: With OpenAI Launched JV 'SB OAI Japan', To Market 'Crystal Intelligence' Exclusively In Japan in 2026
Nov 5 (Reuters) - SoftBank Group Corp 9984.T:SOFTBANK GROUP CORP: SOFTBANK GROUP AND OPENAI LAUNCH 'SB OAI JAPAN' JOINT VENTURESOFTBANK GROUP CORP: SB OAI JAPAN IS EXPECTED TO MARKET CRYSTAL INTELLIGENCE EXCLUSIVELY IN JAPAN, WITH AVAILABILITY PLANNED FOR 2026SOFTBANK GROUP CORP: SAM ALTMAN ...Reuters
Wed, Nov 5
Revised Profit Forecast For United States Steel Corporation Due To High Market Uncertainties In The U.S
Nov 5 (Reuters) - Nippon Steel Corp 5401.T:NIPPON STEEL CORP - REVISED PROFIT FORECAST FOR UNITED STATES STEEL CORPORATION DUE TO HIGH MARKET UNCERTAINTIES IN THE U.SNIPPON STEEL CORP - EXPECT TO RECOGNIZE LOSSES ON REORGANIZATION ASSOCIATED WITH TRANSFER OF EQUITY INTERESTS IN USINAS SIDERÚRGICAS DReuters
Wed, Nov 5
Japan's Nikkei falls 2% to track Wall Street's sharp decline
TOKYO, Nov 5 (Reuters) - Japan's Nikkei share average fell more than 2% on Wednesday to touch a one-week low as high-flying technology stocks tracked Wall Street's sharp declines overnight. As of 0025 GMT, the Nikkei .N225 was down 2% at 50,463.01, hitting its lowest since last Wednesda...Reuters
Wed, Nov 5
Wall St ends lower as bank CEOs warn of possible pullback, fueling tech bubble jitters
NEW YORK, Nov 4 (Reuters) - U.S. stocks closed sharply lower on Tuesday as big banks warned that equity markets could be headed for a drawdown, reflecting mounting concerns over stretched valuations.Reuters
Wed, Nov 5
Lilly, Novo near White House deals to cut obesity drug prices, gain Medicare access, source says
Nov 4 (Reuters) - Eli Lilly LLY.N and Novo Nordisk NOVOb.CO are expected to announce deals with the Trump administration to cut prices of their weight-loss drugs in exchange for Medicare coverage, a White House source told Reuters on Tuesday.Patients in the U.S. currently pay the most for prescripti
Reuters
Wed, Nov 5
US Senate efforts to reopen government show frustration as deal proves elusive
WASHINGTON, Nov 4 (Reuters) - Bipartisan efforts in the U.S. Senate to reopen the federal government as early as this week gave way to fresh signs of frustration on Tuesday, even as Republicans and Democrats aired details of a possible path out of the five-week-old impasse.Reuters
Wed, Nov 5
Pinterest's weak revenue forecast signals intense competition for ad dollars
Nov 4 (Reuters) - Pinterest PINS.N forecast fourth-quarter revenue slightly below Wall Street estimates on Tuesday, signaling fierce competition from larger platforms such as Meta during the holiday season, sending its shares down over 20% in extended trading. The company expect...
Reuters
Wed, Nov 5
