(Reuters) – Corning on Wednesday forecasted first-quarter revenue and profit that beat Wall Street expectations, with the Gorilla Glass-maker expecting robust demand for its optical fiber products for artificial intelligence-related infrastructure. Shares of the New York-based company were up 5.6% in premarket trading. Demand for optical fiber, which is used to transfer data at high …
By Lewis Krauskopf NEW YORK (Reuters) – A development in the field of artificial intelligence that staggered asset prices could help set the stage for broader stock strength beyond the narrow group of technology shares that has propelled the market higher. Tech stocks, led by megacap companies, have been the driving force of the current …
Analysis-AI stock shock could spark broader gains in US market Read More »
(Reuters) – Consumer healthcare company Haleon said on Wednesday it will invest $54 million in its global research and development centre in Richmond, U.S., aiming to boost its pipeline for new product innovations. The company said the investment is in addition to its 300 million pound ($372.5 million) annual spending in R&D. The Richmond facility …
Haleon to invest $54 million in US R&D centre to boost product innovation Read More »
By Nicole Jao NEW YORK (Reuters) – Wall Street is bracing for a sharp decline in U.S. oil refiners’ fourth-quarter profits as fuel demand softened, while seeking clarity on the sector’s preparations for President Donald Trump’s threatened tariffs on crude imports from Canada and Mexico. U.S. refiners have seen earnings slide from record levels in …
Wall Street braces for oil refiners’ lower Q4 earnings, tariff plans Read More »
By Marta Nogueira and Lisandra Paraguassu RIO DE JANEIRO/BRASILIA (Reuters) – Brazilian miner Vale’s CEO held his first official meeting with President Luiz Inacio Lula da Silva on Tuesday, the company said, where he highlighted that there was “enormous convergence” between its projects and the country’s development agenda. WHY IT’S IMPORTANT Vale Chief Executive Gustavo …
Vale CEO meets Brazil’s Lula, touts ‘convergence’ with government agenda Read More »
By Akash Sriram (Reuters) – Apple is expected to report tepid quarterly revenue growth on Thursday as its slow roll-out of artificial intelligence features and tough Chinese competition weighed on iPhone demand during the crucial holiday-shopping season. The company and its rivals Google and Samsung have been leaning on AI to drive sales of their …
Apple’s sales likely hurt by AI delays, Chinese competition Read More »
MILAN (Reuters) – ASML shares rose sharply in early Frankfurt trading on Wednesday following strong quarterly bookings. The biggest supplier of computer chip-making equipment posted much better than expected fourth-quarter bookings of 7.08 billion euros, on strong demand for its most advanced tools. The shares, which have been hit by the DeepSeek rout this week, …
By Tom Westbrook SINGAPORE (Reuters) – Global investors who have historically bet on China’s economic development are ditching grand narratives of long-term prosperity and instead adopting more modest views that see the market as an opportunity for smaller bets with quicker payoffs. Frustration over Beijing’s efforts to shore up faltering growth and fading investor conviction …
Analysis-Growth engine or casino? Global investors rethink China playbook Read More »
By Emma Rumney LONDON (Reuters) – Diageo’s new finance chief Nik Jhangiani is under pressure to row back on the spirits giant’s medium-term sales goals next week, which some investors say may no longer be realistic given sliding sales across the sector. The world’s top spirits maker reports interim results on Feb. 4, Jhangiani’s first …
Analysis-Top investors question Diageo’s growth goals Read More »
(Corrects paragraphs 3-4 and 7 after Shukan Bunshun magazine says it reported in error that the dinner invitation had been extended by a Fuji TV executive. Also corrects first sentence in paragraph 7 to remove reference to the Fuji TV executive.) By Rocky Swift TOKYO (Reuters) -Japan’s Fuji Media said on Monday its chairman and …
Fuji Media, rocked by sexual misconduct allegations, says executives to resign Read More »
