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WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Wednesday that he anticipates robust demand continuing in the Treasury debt market and the department will gradually adjust coupon auction sizes to avoid market disruptions. Bessent told a Federal Reserve Bank of New York Treasury markets conference that Treasury would maintain “regular and predictable” offerings of …

Bessent says he will adjust US Treasury debt auctions gradually, safeguard stability Read More »

(Reuters) -AI startup Anthropic said on Wednesday it would invest $50 billion in building data centers in the U.S., the latest multi-billion-dollar outlay in the industry as companies race to expand their artificial intelligence infrastructure. The company behind Claude AI models said it would set up the facilities with infrastructure provider Fluidstack in Texas and …

Anthropic to invest $50 billion to build data centers in US Read More »

(Reuters) -Synopsys will lay off about 10% of its workforce, or roughly 2,000 employees, as the chip-design software maker looks to redirect investment towards growth opportunities, according to a regulatory filing on Wednesday. The move comes after the company completed its $35 billion cash-and-stock acquisition of engineering design firm Ansys earlier this year and missed …

Synopsys plans 10% job cuts after Ansys deal closure Read More »

(Reuters) -Loblaw raised its annual profit forecast after beating third-quarter profit estimates on Wednesday, as the Canadian retailer bet on demand for grocery and medicines at its discount stores to remain resilient amid economic uncertainties.    The retailer’s focus on discount banners such as Maxi and No Frills and value-driven programs like keeping prices low …

Canada’s Loblaw raises annual profit forecast on resilient grocery demand Read More »

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Markets have already effectively priced in the U.S. government’s reopening on Monday, with today’s House vote to restore funding through January seen as a formality. Attention has now turned more to tech sector wobbles and the deluge …

Morning Bid: Tech turbulence and data deluge due Read More »

(Reuters) -AMD shares rose nearly 5% in premarket trading on Wednesday, a day after it laid out ambitious plans to reach $100 billion in annual data center revenue in five years by taking a bigger slice of the AI market from Nvidia. CEO Lisa Su said on Tuesday the market for the company’s data center …

AMD shares climb as investors cheer long-term growth targets Read More »