Reuters US Business

By Oliver Griffin SAO PAULO (Reuters) -The world should watch out for three possible bubbles in financial markets, including artificial intelligence, the head of the World Economic Forum said on Wednesday, in comments that came amid sharp falls in global technology stocks. Brokers and analysts say the falls are a cause for caution but not …

World Economic Forum chief warns of three possible ‘bubbles’ in global economy Read More »

(Reuters) -Emerson Electric reported a lower-than-expected fourth-quarter revenue on Wednesday, as the company contends with choppy demand for its automation equipment. Shares of the company fell over 6% in premarket trade. Emerson, which pivoted to focus on automation over the past few years, is still attempting to gain traction and has struggled to yield stronger …

Emerson shares slide after missing fourth-quarter revenue estimates Read More »

By Savyata Mishra (Reuters) -McDonald’s beat estimates for third-quarter global comparable sales on Wednesday as affordable meal offers from the fast-food giant helped whet demand even as consumers remained selective with their spending. The burger chain posted global same-store sales growth of 3.6%, slightly ahead of analysts’ average estimate of a 3.55% increase, according to …

McDonald’s beats sales estimates as value meals pull in cautious diners Read More »

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets A rare shakeout in Big Tech and chip stocks on Tuesday rippled around world bourses overnight. The fact that it came with few triggers other than growing unease at sky-high valuations left investors wondering if a more …

Morning Bid: Wall Street gets vertigo Read More »

By Manya Saini (Reuters) -Bank of America’s top executives will take center stage at Wednesday’s investor day in Boston, with analysts expecting them to outline plans to boost performance and narrow the gap to rival JPMorgan Chase. Investors in Bank of America will also look for signals on succession plans, as longtime CEO Brian Moynihan …

Factbox-BofA’s top brass to focus on growth plans at investor day Read More »

(Reuters) -Pinterest shares sank 18% on Wednesday as its dour forecast fueled fears the image-sharing platform is struggling to find new avenues of growth amid tariff pressures and competition from bigger rivals. The share slump is set to erase $4.36 billion from the company’s market value, if the premarket trading losses hold over the day. …

Pinterest shares tumble on stiff ad competition, tariff-driven pressures Read More »

(Reuters) -Super Micro Computer’s shares slipped more than 9% in premarket trading on Wednesday after the artificial intelligence (AI)-focused server maker missed quarterly profit and revenue estimates, citing delayed deliveries tied to design changes. The company said “design win upgrades” pushed about $1.5 billion in expected first-quarter revenue into the current period, after a high-volume …

Super Micro shares slip as delivery delays stall AI momentum Read More »

By Gabriel Araujo SAO PAULO (Reuters) -Brazilian asset manager Trigono Capital is not seeking to sell its stake in grains silo maker Kepler Weber, an executive said on Tuesday, rebuffing a report of talks with U.S. commodities trader Bunge about a potential deal. Newspaper O Globo reported earlier in the day that Bunge was in …

Brazil asset manager rejects report of talks with Bunge over Kepler Weber stake Read More »