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Remy Cointreau lifts profit view on US tariffs deal
Remy nudges up 2025-26 forecast for current operating profitReduces estimated hit from US tariffs to 20 million eurosRival Pernod Ricard cut tariff impact estimate on Thursday By Dominique Vidalon and Alessandro Parodi Aug 29 (Reuters) - French spirits maker Remy Cointreau RCOP.PA raised its annu...Reuters
27 minutes ago
Super Micro Addresses 'Accounting Fraud' Allegations, Cites Weaknesses in Financial Disclosure Controls
TradingKey - Super Micro Computer (SMCI.US), a prominent AI server manufacturer, recently revealed significant weaknesses in its financial disclosure controls (like internal audits and compliance checks), which could compromise the accuracy and timeliness of its financial reporting if not corrected.
TradingKey
50 minutes ago
Japan's Nikkei falls as August rally spurs profit taking
TOKYO, Aug 29 (Reuters) - Japan's Nikkei share average fell on Friday as August's rally invited profit taking on the final trading day of the month, while a stronger yen and some weak economic readings also weighed on sentiment.Reuters
4 hours ago
Super-long JGB yields retreat on speculation of further issuance cuts
TOKYO, Aug 29 (Reuters) - The longest-dated Japanese government bond yields pulled back further from record highs on Friday following a report that the Ministry of Finance is considering further reducing issuance of such debt.Reuters
4 hours ago
US low-value package tariff exemption ends, raising costs for shippers, consumers
WASHINGTON, Aug 29 (Reuters) - The U.S. tariff exemption for package shipments valued under $800 ended on Friday, raising costs and disrupting supply chain models for e-commerce companies, small businesses using online marketplaces and consumers alike...Reuters
4 hours ago
The “No-Error Era” for AI Chip Stocks: Marvell Meets Expectations Yet Plunges 11%
TradingKey - Custom chip giant Marvell Technology (MRVL) reported its latest quarterly results:Q2 revenue hit a record $2.01 billion, up 58% year-over-year. Adjusted EPS of $0.67, in line with market expectations.
TradingKey
6 hours ago
BREAKINGVIEWS-Chips-for-rare-earths is US-China circuit breaker
By Robyn Mak HONG KONG, Aug 29 (Reuters Breakingviews) - Which will last longer: China's stranglehold on critical minerals including rare earths, or the U.S.-led grip on advanced chips? The answer will help shape relations between Beijing and Washington for years to come.The world's two l...Reuters
6 hours ago
Japan's output falls as US tariffs bite, inflation slows
Tokyo Aug core consumer prices up 2.5% yr/yr, matches forecastIndex less fresh food, fuel rises 3.0% yr/yr in AugustJuly factory output falls 1.6% on drop in auto productionRetail sales rise much less than expected in JulyData highlights dilemma for BOJ as it weighs rate-hike timingBy Leika Kihara a...Reuters
7 hours ago
Chipmaker Marvell's weak data center forecast prompts AI investors to dump its stock
Outlook points to decline in custom chip business Shares down over 12% after-marketBy Juby Babu Aug 28 (Reuters) - Chipmaker Marvell Technology MRVL.O forecast quarterly revenue below market estimates on Thursday, disappointing investors who are accustomed to strong results from artificial intell...Reuters
8 hours ago
S&P 500, Dow score record high closes as Nvidia results buttress AI rally
Weekly jobless claims fall; corporate profits rebound in Q2 Snowflake surges on AI-driven revenue forecastHP Inc gains on upbeat Q3 revenue S&P 500 +0.32%, Nasdaq +0.53%, Dow +0.16%By Noel Randewich Aug 28 (Reuters) - The S&P 500 and Dow Jones Industrial Average notched record high closes...
Reuters
9 hours ago
Trump, Nvidia talks to allow advanced AI chip sales in China will take time, CEO says
Nvidia aims to capture $50-billion AI market in ChinaNvidia's Blackwell chip variant for China faces trade tensionsNvidia's potential China sales excluded from current-quarter forecast due to uncertaintyBy Alexandra Alper and David Shepardson WASHINGTON, Aug 28 (Reuters) - Discussions wit...Reuters
9 hours ago
End of US low-value package tariff exemption is permanent, Trump officials say
WASHINGTON, Aug 28 (Reuters) - The U.S. tariff exemption for package shipments valued under $800 ends permanently on Friday, with a six-month transition period under which postal service shippers can opt to pay a flat duty of $80 to $200 per package depending on the country of origin, Trump administReuters
9 hours ago
Fed's Waller sees rate cuts over next 3-6 months, starting in September
Aug 28 (Reuters) - Federal Reserve Governor Christopher Waller on Thursday said he wants to start cutting U.S. interest rates next month and "fully expects" more rates cuts to follow to bring the Fed's policy rate closer to a neutral setting, stepping up his call to lower short-term borrowing costs.Reuters
9 hours ago
