Reuters US Business

LONDON (Reuters) – Investors dumped cash and continued to pour money into equities, particularly tech stocks, and investment grade bonds in the week to Wednesday, Bank of America said in a report on Friday. There were inflows of $16.1 billion to stocks, and $11.6 billion to bonds, compared to outflows of $18.4 billion from cash, …

Biggest outflow from cash in eight weeks, investors buy stocks, bonds – BofA Read More »

By Purvi Agarwal and Fergal Smith (Reuters) -Canada’s main stock index on Thursday posted its biggest gain in two months, with resources leading broad-based gains as weaker-than-expected U.S. retail sales data raised prospects of an early start to Federal Reserve interest rate cuts. The Toronto Stock Exchange’s S&P/TSX composite index ended up 333.29 points, or …

TSX posts biggest gain in two months as resource shares jump Read More »

(Reuters) -Roku on Thursday reported a bigger fourth-quarter loss than expected, as it grappled with intense competition and lower customer spending, sending the streaming platform’s shares down about 15% in extended trading. It reported a loss of 55 cents per share, above analysts’ expectations of a loss of 52 cents, according to LSEG estimates. “While …

Roku reports bigger-than-expected quarterly loss on lower customer spending Read More »

By Carolina Mandl, Johann M Cherian and Ankika Biswas (Reuters) -U.S. stocks closed higher on Thursday as retail sales data declined more than expected, feeding hopes the Federal Reserve will soon start cutting interest rates in coming months. A Commerce Department report showed U.S. retail sales dropped 0.8% in January, weighed by declines at auto …

Wall Street ends higher as retail sales slump feeds hopes for rate cuts Read More »

(Reuters) -Semiconductor equipment supplier Applied Materials forecast second-quarter revenue above Wall Street estimates on Thursday, on strong demand for AI chips and a recovery in the personal computer market, sending its shares up 8% in extended trading. AI-embedded personal computers are the latest rage, pulling the PC market out of a post-pandemic slump and leading …

Applied Materials sees quarterly revenue above estimates on AI boom Read More »

By Granth Vanaik (Reuters) -DoorDash projected annual core profit largely above expectations and beat fourth-quarter revenue estimates on Thursday, signaling more customers used its online delivery platform to order food and grocery items. Shares of the San Francisco-based firm were down about 3% in after hours trading after it forecast current-quarter core profit below estimates …

DoorDash projects upbeat 2024 core profit on robust delivery demand Read More »

(Reuters) – Coinbase Global swung to a profit in the fourth-quarter, helped by higher interest income that the crypto exchange earned on its stablecoin reserves and other products. The company on Thursday reported a profit of $273.4 million, or $1.04 per share, in the three months ended Dec. 31, compared with a loss of $557 …

Coinbase posts profit on higher interest income from stablecoin reserves Read More »

By Melanie Burton MELBOURNE (Reuters) -BHP Group will record another $3.2 billion impairment in relation to its Brazilian Samarco dam failure, and a $2.5 billion impairment charge for its Western Australia Nickel business, the world’s biggest listed miner said on Thursday. BHP flagged the two-non cash impairments ahead of its half year results next week …

BHP flags $5.7 billion impairments on Samarco dam failure, nickel operations Read More »

PARIS (Reuters) -Pernod Ricard’s shares rose 6% on Thursday, even after the French spirits maker cut its full-year sales forecast and share buyback programme as hoped-for improvements in the United States and China failed to materialise. The world’s second-largest spirits maker said it now expects full-year sales to flatline, after previously forecasting growth. It also …

Pernod Ricard’s shares rise despite sales forecast cut Read More »