Reuters US Business

(This March 10 story has been corrected to say ‘analysts’ average estimate,’ not ‘median estimate,’ in paragraph 11) By Zaheer Kachwala (Reuters) – Oracle CEO Safra Catz on Monday gave a strong growth outlook for its fiscal 2026 and 2027, indicating that the skyrocketing demand for advanced artificial intelligence computing shows no signs of slowing …

Oracle gives strong long-term growth outlook as AI cloud demand soars Read More »

(This March 7 story has been corrected to say that related parties were also ordered to repay pledges, in paragraph 2) (Reuters) – China’s Evergrande Property Services Group said on Friday it expects to record a decrease of up to 37% in its annual profit for the year ended December 31, 2024, due to legal …

China’s Evergrande Property Services eyes up to 37% decline in annual profit Read More »

By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Monday slashed its first-quarter profit estimates by half, sending its shares down 14%, and its CEO said the environment had weakened due to U.S. economic uncertainty. The Atlanta-based airline is the first major U.S. carrier to report that mounting economic worries among consumers and businesses …

Delta cuts profit forecast as US economic uncertainty hits travel Read More »

JAKARTA (Reuters) -Indonesia’s car sales in February rose 2.2% year-on-year, the first growth recorded since June 2023, data from the country’s car association showed on Tuesday, amid growing adoption of electric vehicles (EV) driven mostly by Chinese brands. Car sales in Southeast Asia’s largest economy have been facing challenges due to customers’ weak spending power …

Electric vehicles fuel Indonesia’s first car sales growth since June 2023 Read More »

HOUSTON (Reuters) – U.S. Energy Secretary Chris Wright said on Monday he was planning to work with Congress on cancelling previously mandated sales from the Strategic Petroleum Reserve as one way to address low stockpiles.  Congress has mandated some 100 million barrels in sales from the reserve, the world’s largest emergency stockpile of crude oil, …

Trump administration aims to cancel oil reserve sales, support small nuclear power Read More »

By Tom Westbrook SINGAPORE (Reuters) -Citi analysts cut their recommendation for U.S. stocks to “neutral” from “overweight” on Monday after recession fears pummelled the market, arguing that the U.S. economy may no longer outpace the rest of the world in the coming months. At the same time, they upgraded their view on China to “overweight” …

Citi cuts recommendation for US stocks as recession fears hit, lifts view on China Read More »

By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Sean Duffy said he plans to visit a Boeing factory in Renton, Washington, on Thursday to ensure the U.S. planemaker is maintaining the highest level of safety, six years after a deadly 737 MAX crash in Ethiopia. Duffy will travel to Seattle with acting FAA Administrator Chris …

US transportation chief to meet with Boeing CEO on safety efforts Read More »

WASHINGTON (Reuters) – The acting chief of the U.S. Securities and Exchange Commission said on Monday he has directed staff to look at ways to abandon a plan that would have widened the definition of alternative trading systems to include some cryptocurrency firms. The SEC in 2022 proposed requiring some crypto firms to register as …

US SEC to move away from requiring crypto firms to register as trading systems, chief says Read More »