Reuters US Business

By Trevor Hunnicutt and Eduardo Baptista ABOARD AIR FORCE ONE/GYEONGJU (Reuters) -U.S. President Donald Trump may have teased that he could discuss Nvidia’s state-of-the-art artificial intelligence Blackwell chips with Chinese President Xi Jinping, but in the end, he said the topic did not come up. After Thursday’s meeting in South Korea, Trump told reporters aboard …

Despite expectations, Trump did not discuss Nvidia’s Blackwell chip with Xi Read More »

By Anuja Bharat Mistry (Reuters) -Estee Lauder beat Wall Street estimates for first-quarter sales and profit on Thursday on strong demand for its Le Labo and Tom Ford fragrances and an uptick in China demand, in fresh signs the beauty company’s turnaround push is starting to work. Shares of the company, which maintained its annual …

Estee Lauder beats quarterly estimates on robust growth in fragrances Read More »

By Lewis Krauskopf and Davide Barbuscia NEW YORK (Reuters) -Investors were pinning hopes on more monetary policy easing ahead, even as Wednesday’s Federal Reserve meeting revealed a less-certain path toward more interest rate cuts in the face of a data drought, sticky inflation and divided opinions among the central bank’s members. Fed Chair Jerome Powell …

Analysis-Fed adds wrinkle for markets with December cut now in doubt Read More »

(Reuters) -Ford Motor is recalling 227,006 vehicles in the United States for issues ranging from air bubbles in windshield glass to loose seat frames, the National Highway Traffic Safety Administration (NHTSA) said on Thursday. The recalls cover 163,256 Bronco SUVs for front seats that may have loose bolts, and 56,841 Lincoln and Explorer vehicles due …

Ford to recall about 227,000 vehicles in US for windshield, seat issues, NHTSA says Read More »

By Kenrick Cai and Akash Sriram (Reuters) -Strong AI demand helped power Alphabet’s financial results, as both the core advertising and cloud computing businesses of the Google parent beat revenue expectations. Despite whispers of concerns over a developing AI bubble, the search giant boosted its projected capital expenditures for the year to between $91 billion …

Alphabet hikes capex again after earnings beat on strong ad, cloud demand Read More »

SINGAPORE (Reuters) -U.S. President Donald Trump and China’s Xi Jinping concluded talks on Thursday at a South Korean air base with both leaders sounding optimistic about cooling trade tension between the world’s two largest economies. Trump said he struck a deal to reduce tariffs on China in exchange for Beijing resuming U.S. soybean purchases, keeping …

Market analysts react to Trump-Xi meet Read More »