SYDNEY (Reuters) – Australian household spending rose for a fourth straight month in January, driven by a rise in services, although the annual pace of growth slowed, data showed on Friday. The Australian Bureau of Statistics’ monthly household spending indicator (MHSI) showed a seasonally adjusted rise of 0.4% in January from December, when it rose …
Australia household spending rises for fourth month in January Read More »
(Reuters) -IPO-bound AI cloud startup CoreWeave said on Thursday it had not seen any contract cancellations after the Financial Times reported that the company’s largest customer, Microsoft, had moved away from some agreements. “We pride ourselves in our client partnerships and there have been no contract cancellations or walking away from commitments. Any claim to …
AI firm CoreWeave denies contract cancellations with Microsoft Read More »
By Zaheer Kachwala and Max A. Cherney (Reuters) -Broadcom CEO on Thursday assuaged investor worries about AI chip demand with a strong second-quarter forecast and hinted about new potential customers that could boost revenue in a highly competitive market. Its forecast eased concerns about the thirst for AI chips, a day after Marvell Technology’s spooked …
Broadcom shares surge as solid forecast eases demand worries for AI chips Read More »
PANAMA CITY (Reuters) – Panama’s government has closed a 1.2 billion euros ($1.29 billion) loan with a two-year maturity with a subsidiary of Bank of America, the Economy Ministry said a statement on Thursday. The ministry indicated that the financing, which will be disbursed in its dollar equivalent, was authorized on Friday. ($1 = 0.9269 …
Panama closes 1.2 billion-euro loan with Bank of America subsidiary Read More »
By Juby Babu (Reuters) -Hewlett Packard Enterprise forecast quarterly revenue growth below estimates, which triggered a near 20% drop in its shares in after hours trading, and said the U.S.’ tariff war had created uncertainty that affected its server business. HPE expects to adjust prices of its products and leverage its global supply chain to …
HPE expects tariffs to bite, forecasts quarterly revenue below estimates Read More »
By Neil J Kanatt, Nicholas P. Brown (Reuters) -Costco Wholesale would consider making changes to its international supply chain if tariffs from U.S. President Donald Trump lead to big price hikes, Chief Executive Officer Ron Vachris said on a conference call on Thursday. The membership-only retailer, which on Thursday missed Wall Street expectations for second-quarter …
Costco misses quarterly profit estimates on rising merchandise costs Read More »
By Anuja Bharat Mistry (Reuters) -Gap beat fourth-quarter sales and profit estimates on Thursday, as CEO Richard Dickson’s turnaround strategy helped attract customers to its apparel brands including Old Navy and Banana Republic during the holiday quarter. The company’s shares jumped about 15% in extended trading. Shoppers, who were saving up over the year to …
Gap beats quarterly sales, profit estimates on strong holiday quarter Read More »
(Reuters) – The U.S. Department of Labor is investigating Scale AI, a data labeling startup backed by tech giants Nvidia, Amazon and Meta, for its compliance with the Fair Labor Standards Act, the California-based firm said on Thursday. The investigation is looking into Scale AI’s compliance with fair pay practices and working conditions and was …
US Labor Department investigating Nvidia, Amazon-backed startup Scale AI Read More »
By Rishav Chatterjee (Reuters) -Insignia Financial has granted access to its books to two key suitors after both Bain Capital and CC Capital raised their respective takeover bids to A$3.34 billion ($2.11 billion), marking a pivotal moment in an escalating bidding war. Insignia said on Friday the two firms that are now vying for control …
Insignia opens books after Bain, CC Capital raise bid to $2.1 billion Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s trade surplus in January exceeded expectations by a wide margin posting a 32-month record as fears of tariffs from the U.S. pushed exports of cars and energy products higher, especially south of its border, data showed on Thursday. The trade surplus rose to C$3.97 billion ($2.78 billion), more than …
Canada’s January trade surplus at 32-month high as firms stockpile on tariff threat Read More »
