(Reuters) – Gene sequencing machine maker Illumina forecast 2025 revenue largely below Wall Street estimates on Thursday, signaling subdued demand for its genetic tests and diagnostic tools, sending shares down nearly 4% in extended trading. Diagnostic tool makers such as Illumina have witnessed reduced spending from biotech clients in the past two years, but recent …
Illumina forecasts 2025 revenue largely below estimates Read More »
By Jaspreet Singh (Reuters) – Pinterest forecast first-quarter revenue above market estimates on Thursday, betting on the image-sharing platform’s artificial intelligence-powered advertising tools to boost ad spend, sending its shares up 19% in extended trading. The forecast followed better-than-expected record monthly active users and revenue during the fourth quarter, thanks to a robust holiday shopping …
Pinterest projects revenue above estimates as AI tools boost ad spend; shares jump Read More »
By Georgina McCartney, Arathy Somasekhar and Sheila Dang HOUSTON (Reuters) -Growth in oil output from the U.S. Permian basin, the country’s top oilfield, is expected to slow by at least 25% this year despite President Donald Trump’s vow to maximize production, energy executives forecast on Thursday. At a conference in Houston, they said production is …
US Permian oil output growth to slow in 2025 despite Trump’s plan, executives say Read More »
WASHINGTON (Reuters) – President Donald Trump’s administration has placed holds on U.S. government grants to states and local communities as part of its drive to significantly reduce federal spending. Here is a look at just a few of the thousands of projects that have been caught up Trump’s executive orders: ENVIRONMENTAL CLEAN-UP Around $130 million …
Factbox – Trump spending freezes hits high-value investment projects Read More »
By Anna Tong, Akash Sriram SAN FRANCISCO (Reuters) -ChatGPT maker OpenAI said on Thursday that it is evaluating U.S. states as potential artificial intelligence data center locations for its massive Stargate venture, framing the project as a matter of urgency for the United States to beat China in the global AI race. “As news emerged …
OpenAI’s Stargate AI venture is scouting for US data center sites Read More »
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -Jamieson Greer, President Donald Trump’s nominee for U.S. trade representative, said on Thursday that a universal tariff needs further study to gauge its impact on rising U.S. trade deficits, and put countries on notice they must lower import barriers to maintain access to the U.S. market. Greer …
Trump’s trade chief nominee Greer says universal tariff needs more study Read More »
By Davide Barbuscia and Saeed Azhar NEW YORK (Reuters) – U.S. Treasury Secretary Scott Bessent’s pledge to contain yields on 10-year Treasury notes met some skepticism in the bond market on Thursday, as inflationary pressures and expectations of a widening federal deficit threaten to outweigh efforts to curb borrowing costs. Bessent said in an interview …
Analysis-US bond market lukewarm on Bessent’s 10-year yield pledge Read More »
By Shariq Khan (Reuters) – Oil prices settled lower on Thursday after U.S. President Donald Trump repeated a pledge to raise U.S. oil production, unnerving traders a day after the country reported a much bigger-than-anticipated jump in crude stockpiles. Brent crude futures fell 32 cents, or 0.4%, to settle at $74.29 a barrel. U.S. West …
Oil settles down after Trump repeats pledge to boost US supply Read More »
By Michael S. Derby NEW YORK (Reuters) – The full suite of tariffs sought by the Trump administration would have created notable upward pressure for already high levels of inflation, a report by the Federal Reserve Bank of Boston released on Thursday said. The 25% tariffs Trump was to impose on Mexico and Canada, joined …
Boston Fed maps out inflation response to Trump trade tariffs Read More »
By Bo Erickson and Richard Cowan WASHINGTON (Reuters) – President Donald Trump has placed holds on tens of billions of dollars in congressionally-approved spending for projects across the U.S. that range from Iowa soybean farmers adopting greener practices to a Virginia railway expansion, a Reuters analysis found. Project managers and advocates warn continued delays could …
Billions of dollars for US projects remain frozen by Trump, managers and advocates say Read More »
