Reuters US Business

By Aditya Soni, Noel Randewich and Rae Wee (Reuters) – Nvidia’s quarterly outlook on Wednesday suggested demand from Microsoft, Amazon and other heavyweight tech companies racing to build out AI infrastructure remains robust, though the outcome failed to significantly quell fears of overspending in the booming industry. Shares of Nvidia edged down 0.18% in Frankfurt …

Nvidia earnings offer little cheer for tech shares Read More »

By Christine Chen SYDNEY (Reuters) – BlackRock, the world’s largest asset manager, said on Thursday it was considering shifting focus away from Australia due to stretched valuations and weak growth, eyeing better opportunities in other markets like the U.S. and Japan. Katie Petering, who leads BlackRock’s multi-asset investment strategy in Australia and New Zealand where …

BlackRock to reassess Australian exposure amid stretched valuations, weak growth Read More »

By Lewis Krauskopf and Laura Matthews NEW YORK (Reuters) – Going into the year investors were betting that President Donald Trump’s policies would spur U.S. stocks and the dollar to outperform their global peers. That assumption is increasingly getting tested. The Trump administration’s revamp of the government and massive moves on trade and other policies …

Analysis-Why the US exceptionalism trade is faltering Read More »

A look at the day ahead in European and global markets from Kevin Buckland It could be taken as testament to the market’s laser focus on the health of the U.S. economy – and the threat from Donald Trump’s trade wars – that even the financial report card from AI poster child and market bellwether …

Morning Bid: Trump tariffs take spotlight as Nvidia neither hot nor cold Read More »

(Reuters) – The United Auto Workers union’s president Shawn Fain said on Wednesday its members representing Rolls Royce’s Indianapolis Local 933 unit reached a tentative agreement with the company. (Reporting by Surbhi Misra in Bengaluru; Editing by Mrigank Dhaniwala)

By Roshan Thomas (Reuters) – Australia’s Qantas Airways showered investors with its first post-pandemic ordinary dividend, and a special dividend, for the first time in a quarter of a century on Thursday. The airline reported strong demand across its budget and full-service operations. The flag carrier’s shares soared as much as 8% to A$9.60, marking …

Qantas splurges on first post-COVID dividends on strong travel demand, shares jump Read More »

By Devayani Sathyan BENGALURU (Reuters) – Home prices in Australia will rise less quickly this year than previously thought, with only modest support from further interest rate cuts, according to a Reuters poll of property analysts. A shortage of new homes, together with a stretched price to income ratio after a more than 40% jump …

Aussie home prices to rise only modestly this year as affordability bites: Reuters poll Read More »

NEW YORK (Reuters) – Citigroup appointed Chris Biotti as the head of its private bank for North America on Wednesday. Biotti will join Citi in late May from Bank of America, where he most recently served as an executive for its Northeast division, according to a memo from Citi’s head of wealth, Andy Sieg, which …

Citigroup appoints Chris Biotti to lead private bank in North America Read More »

By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs added its President and Chief Operating Officer John Waldron to its board of directors a month after he was given a retention bonus, cementing his position as a potential successor to CEO David Solomon. Waldron, 55, joins Solomon, 63, as the second member of the management …

Goldman Sachs adds Waldron to board, lining up potential CEO succession Read More »