News
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Super Micro misses quarterly estimates on delivery delays
Nov 4 (Reuters) - Super Micro Computer missed Wall Street estimates for quarterly profit and revenue on Tuesday, hit by a shift in delivery schedules for large artificial intelligence deals, sending the server maker's shares down more than 8% in extended trading.The company SMCI.O ha...
Reuters
Wed, Nov 5
US President Donald formalizes fentanyl, reciprocal tariff cuts in US-China deal
US President Donald Trump announced a cut to fentanyl-related tariffs on imports from China, lowering the rate from 20% to 10%, and the continued freeze of some of his reciprocal levies on Chinese goods, Bloomberg reported on late Tuesday.
Fxstreet
Wed, Nov 5
AMD beats Q3 revenue and EPS, but gross‑margin guidance merely meets expectations
AMD reported third‑quarter numbers that beat Wall Street estimates on both revenue and earnings per share, but the company’s gross‑margin outlook did not come in stronger than expectations. That was enough to push the stock lower in extended trading. The company said adjusted earnings per share came
Cryptopolitan
Wed, Nov 5
Bitcoin Price Slides Below $105K Amid $186M ETF Outflows
The Bitcoin price extended its decline on Tuesday, plunging below $103,700, its lowest level since June, as the crypto market faced one of the largest liquidation waves in weeks. Related Reading: Market Maker Balancer Compromised: Key Facts Behind The $128 Million Hack Data from Coinglass showed tha
Bitcoinist
Wed, Nov 5
Oil settles lower on stronger dollar, fears of oversupply
By Arathy Somasekhar HOUSTON, Nov 4 (Reuters) - Oil prices settled lower on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the OPEC+ decision to pause output hikes in the first quarter of next year could signal the group's concern about a potential supp...Reuters
Tue, Nov 4
Starbucks to sell control of China business to Boyu, aims for rapid growth
Boyu Capital to hold up to 60% interest in joint ventureStarbucks' market share in China has fallen to 14% from 34%Competitors like Luckin offer lattes at a third of Starbucks pricesBy Kane Wu, Waylon Cunningham and Casey Hall Nov 4 (Reuters) - Starbucks SBUX.O said it would sell control of i...Reuters
Tue, Nov 4
Japan yet to achieve durable, wage-driven inflation, PM Takaichi says
Takaichi says hopes BOJ guides policy to stably hit price goalGovt will 'strategically' deploy spending to prop up economyRemarks may affect BOJ's decision on how soon to raise ratesGovernor Ueda scheduled to speak in Nagoya on December 1BOJ's next policy meeting on December 18-19By ...Reuters
Tue, Nov 4
Supreme Court cannot stop all of Trump's tariffs. Deal with it, officials say
Trump employs various legal authorities to impose tariffsIf emergency law disallowed, other tariff paths remainCountries negotiate trade deals to mitigate tariff impactTariffs strain corporate profits, risk inflation increaseTreasury Secretary Bessent to attend Supreme Court argumentsBy David Lawder...Reuters
Tue, Nov 4
GRAINS-Soybeans ease after rally; wheat hits three-month high
Chicago soybeans fell on Tuesday, retreating from a 16-month-high hit in the previous session, while traders awaited further Chinese purchases of U.S. cargoes following last week's talks and a thaw in trade relations between the two countries.Reuters
Tue, Nov 4
AUD/JPY faces selling pressure as RBA keeps interest rates steady at 3.6%, as expected
The AUD/JPY pair slumps to near 100.40 during the Asian trading session on Tuesday as the Reserve Bank of Australia (RBA) has held its Official Cash Rate (OCR) steady at 3.6%. This is the second straight meeting when the RBA has maintained a status quo.
Fxstreet
Tue, Nov 4
WTI holds losses near $60.50 despite OPEC+ output pause
West Texas Intermediate (WTI) Oil price remains subdued for the second successive day, trading around $60.70 per barrel during the Asian hours on Tuesday. The prices of Oil lose ground, which could be attributed to the market caution surrounding the US Federal Reserve (Fed) policy outlook for the De
Fxstreet
Tue, Nov 4
Asia stocks retreat from record highs on profit taking; US dollar gains
Tech drives initial rally, but stock traders cautious after weak US dataDivergent views among Fed officials clouds outlook for December rate cutRBA refrains from rate cut, as widely expectedBy Kevin Buckland TOKYO, Nov 4 (Reuters) - Asian stock markets from Tokyo to Taipei and Seoul retreatedReuters
Tue, Nov 4
US Dollar Index rises to near 100.00 due to cautious Fed policy outlook
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the fifth consecutive session and trading around 99.90 during the Asian hours on Tuesday.Fxstreet
Tue, Nov 4
Samsung SDI in talks with Tesla to supply energy storage batteries, shares soar
By Heejin Kim and Hyunjoo JinSEOUL, Nov 4 (Reuters) - South Korea's Samsung SDI 006400.KS said on Tuesday it is in talks to supply energy storage batteries to Tesla TSLA.O, in an order that Korean media said could be worth more than 3 trillion won ($2.11 billion). Samsung SDI shares soared more ...Reuters
Tue, Nov 4
OpenAI turns to Amazon in $38 billion cloud services deal after restructuring
Nov 3 (Reuters) - OpenAI has signed a seven-year, $38 billion deal to buy cloud services from Amazon.com AMZN.O, in its first big push to power its AI ambitions after a restructuring last week that gave the ChatGPT maker greater operational and financial freedom.
Reuters
Tue, Nov 4
Google owner Alphabet to tap US dollar, euro bond markets
WASHINGTON, Nov 3 (Reuters) - Google owner Alphabet GOOGL.O is tapping the U.S. dollar and euro debt markets in a multi-tranche senior unsecured notes offering.The digital media and tech giant will use the proceeds from the note sale for general corporate purposes, including the pot...
Reuters
Tue, Nov 4
Palantir forecasts fourth-quarter revenue above estimates on solid AI demand
Nov 3 (Reuters) - Palantir Technologies PLTR.O forecast fourth-quarter revenue above analysts' estimates on Monday, as the rapid adoption of artificial intelligence boosts demand for its data analytics services from businesses and governments.
Reuters
Tue, Nov 4
Microsoft signs $9.7 billion cloud deal with IREN as AI demand swells
Nov 3 (Reuters) - Microsoft has struck a $9.7 billion deal with data-center operator IREN that includes access to Nvidia's advanced chips, aiming to ease the computing crunch that has kept the tech giant from fully cashing in on the artificial intelligence boom.The news sent shares of IREN IREN....
Reuters
Tue, Nov 4
