Reuters US Business

By Suzanne McGee (Reuters) – Interest in leveraged exchange-traded funds that allow investors to profit when shares of Nvidia fall grew steadily ahead of the chipmaker’s quarterly results, according to data from some of the companies that issued the products. Nvidia, which in June eclipsed Microsoft as the world’s most valuable company, dominates the major …

Leveraged Nvidia ETF issuers saw trading surge in bearish products ahead of earnings Read More »

By Nate Raymond (Reuters) – Thirty states are set to receive more than $102 million from Delaware after the U.S. Supreme Court last year unanimously ruled that it had no right to keep hundreds of millions of dollars in uncashed MoneyGram checks for itself. The settlement announced on Thursday resolves the issue of damages that …

Delaware settles dispute with other states over unclaimed MoneyGram funds Read More »

By David Lawder WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai on Thursday gave a strong endorsement to Canada’s decision to impose a 100% tariff on Chinese-made electric vehicles and 25% on Chinese steel and aluminum as she finalizes U.S. duties planned at similar rates. In a statement issued by her office, Tai applauded Canada’s …

US trade chief Tai lauds Canada’s steep new tariffs on Chinese EV, metals Read More »

(Reuters) -Shares of Salesforce gained about 4% on Thursday as investors cheered the customer relationship management software maker’s upbeat quarterly results and its artificial intelligence push to drive growth. The company has been heavily investing to integrate its AI technologies into existing products, such as its messaging platform Slack, to enhance their capabilities and attract …

Salesforce gains as software firm bets on AI tools to power growth Read More »

By Savyata Mishra (Reuters) – Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition and selective consumer spending in North America for its pricey leggings and tank tops. Its shares, which have lost nearly half of their value this year, reversed early losses to rise 2.3% after the bell, …

Lululemon cuts annual forecasts on tepid US demand, rising competition Read More »

By Gabriel Araujo SAO PAULO (Reuters) -Azul is not planning on filing for Chapter 11 bankruptcy protection, the Brazilian airline’s CEO told Reuters, contradicting reports which caused the carrier’s shares to nosedive on Thursday. Bloomberg reported on Wednesday Azul was considering options ranging from an equity offering to filing for Chapter 11 in the United …

Brazil airline Azul not weighing Chapter 11, CEO says Read More »

By Ricardo Brito and Luana Maria Benedito BRASILIA/SAO PAULO (Reuters) – Brazilian Supreme Court Judge Alexandre de Moraes on Thursday blocked the financial accounts of billionaire Elon Musk’s Starlink, as an ongoing feud leaves social media platform X on the brink of being taken down in the country. Starlink confirmed it received an order from the …

Brazil judge blocks accounts of Musk’s Starlink amid dispute with social media platform X Read More »

NEW YORK (Reuters) – The Public Utility Commission of Texas selected 17 projects, seeking $5.38 billion in government funding, to advance in a new program aimed at spurring the development of gas-fired power plants, the regulators said on Thursday. The Lone Star State, whose power grid has been plagued with bouts of prolonged blackouts, established …

Texas narrows gas plant projects vying for $5.4 billion in funding Read More »

(Reuters) -Ulta Beauty cut its annual sales and profit forecasts on Thursday, hurt by slowing demand for higher-priced cosmetics and fragrances at its stores. The company’s shares, which have already fallen about 22% this year, were down 7% in extended trading. Once pandemic-related restrictions were lifted in the United States, people initially splurged on affordable …

Ulta Beauty lowers annual forecasts on slowing demand for beauty products Read More »