News
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A Trump Supreme Court tariff defeat would add to trade uncertainty
The U.S. Supreme Court's tough questioning of President Donald Trump's global tariffs fueled increased speculation that they will be struck down, but raised the specter of additional chaos as he is widely expected to shift to other trade tactics in the wake of an adverse ruling.Reuters
Thu, Nov 6
US orders 10% flights cut at major US airports due to shutdown
FAA may take further steps if air traffic issues persistShutdown causes staffing shortages, flight delays, longer security wait timesAirlines scramble to adjust schedules amid flight cutsFAA exempts international flights from capacity reductionsBy David Shepardson and Rajesh Kumar Singh WASHINGTO...Reuters
Thu, Nov 6
Novo Nordisk trims outlook as obesity drug maker loses ground to Eli Lilly
COPENHAGEN, Nov 5 (Reuters) - Wegovy-maker Novo Nordisk NOVOb.CO trimmed its full-year forecasts on Wednesday as sales growth of its blockbuster obesity drugs slows, leaving investors worried the firm is losing ground to U.S. peer Eli Lilly LLY.N and copycat rivals.
Reuters
Thu, Nov 6
Robinhood profit surpasses expectations as retail traders ride market momentum
Nov 5 (Reuters) - Robinhood Markets HOOD.O topped third-quarter profit estimates on Wednesday as retail traders shrugged off bubble fears, and the online brokerage announced the retirement of its longtime finance chief.
Reuters
Thu, Nov 6
Lyft bets on global expansion, smaller cities focus to drive growth
Nov 5 (Reuters) - Lyft's LYFT.O foray into global markets and smaller U.S. cities will help fuel growth, the ride-hailing firm said on Wednesday, as it forecast upbeat bookings for the all-important holiday travel season.Reuters
Thu, Nov 6
Japan's services sector extends growth in October despite demand slowdown, PMI shows
TOKYO, Nov 6 (Reuters) - Japan's services sector extended its robust growth in October, despite the slowest growth in new orders in 16 months and a resurgence in inflationary pressures, a private-sector survey showed on Thursday.The S&P Global final Japan Services Purchasing Managers' In...Reuters
Thu, Nov 6
Japan's Nikkei climbs as Wall Street rebound restores risk appetite
TOKYO, Nov 6 (Reuters) - Japan's Nikkei share average climbed as much as 2% on Thursday, rebounding from steep losses in the previous session, as a strong overnight finish on Wall Street revived risk appetite and boosted investor sentiment. As of 0012 GMT, the Nikkei .N225 was up 1.6% at 51,025....Reuters
Thu, Nov 6
Stocks climb after upbeat earnings, economic data; Treasury yields jump
NEW YORK, Nov 5 (Reuters) - Major stock indexes gained on Wednesday as corporate earnings and U.S. private payrolls data were stronger than expected, while Treasury yields surged following the day's economic data.Reuters
Thu, Nov 6
Bessent says he is optimistic after Supreme Court hearing on tariffs
WASHINGTON, Nov 5 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he came away from a Supreme Court hearing on the legality of President Donald Trump's sweeping tariffs feeling "very, very optimistic."Reuters
Thu, Nov 6
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
