Reuters US Business

By Samrhitha A (Reuters) -HP Inc on Tuesday forecast first-quarter profit below Wall Street estimates but maintained its annual earnings outlook, a sign that demand in the personal computers market is still recovering. Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the pandemic, when work-from-home trends drove …

HP forecasts downbeat first-quarter profit amid slow PC market recovery Read More »

By Ross Kerber NEW YORK (Reuters) – New York City Comptroller Brad Lander told Reuters on Tuesday that Tesla’s board of directors should sanction CEO Elon Musk if he does not apologize for endorsing an antisemitic comment on his social media platform X. Lander oversees about $946 million in Tesla shares for New York City …

New York City investment chief calls on Tesla to sanction Musk unless he apologizes Read More »

(Reuters) – Nordstrom missed Wall Street targets for third-quarter revenue on Tuesday, in a sign that sticky inflation pressured consumer spending in the months leading up to the all-important holiday shopping season. Shares of the upmarket department store chain fell nearly 3% in extended trading. Fellow retailers Best Buy and Kohl’s have also hinted at …

Nordstrom misses quarterly revenue estimates as inflation crimps shopping Read More »

By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) – Crypto investors have welcomed the prospect of a resolution of a long-running U.S. criminal investigation into Binance, reckoning any deal that allows the major exchange to continue operating would remove a nagging risk to the wider market. The U.S. Justice Department (DOJ) is seeking over $4 …

Crypto investors cheer talk of Binance criminal probe resolution Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks retreated on Tuesday and the S&P 500 snapped a five-session winning streak, with retailers down after some disappointing outlooks and technology shares falling. Indexes stayed lower after minutes from the latest Federal Reserve meeting showed officials agreed to take a cautious approach to raising U.S. interest …

Wall St ends down after recent gains; retailers, tech weak Read More »

By Savyata Mishra and Ananya Mariam Rajesh (Reuters) – U.S. retailers across apparel, electronics and home improvement are bracing for a challenging holiday season, a sign that higher discounts might not spark the level of spending the companies are hoping for during their most important period of the year. Economic demand in the United States …

US retailers brace for a tough holiday season despite discounts Read More »

By Suzanne McGee (Reuters) – Trading volumes in leveraged ETFs tied to Nvidia on Tuesday showed many traders anticipate yet another upside earnings surprise and bullish outlook when the chipmaker reports quarterly results after the bell. In August, Nvidia stock soared to all-time highs after the company reported quarterly results. “Today is the second-highest trading …

Trading in Nvidia ETFs shows traders preparing for upbeat earnings Read More »

By Vladimir Soldatkin and Olesya Astakhova MOSCOW (Reuters) – As the world’s most powerful oil producers ponder further supply cuts, Russia has little incentive for a radical change as its energy revenue is strong, oil prices are higher than its forecasts and its budget deficit is narrowing. Ministers from OPEC+, which groups the Organization of …

Analysis-Russia basks in the oil price comfort zone ahead of OPEC+ Read More »

(Reuters) – Unions representing hospitality workers in Las Vegas said on Monday that thousands of members employed at Caesars Entertainment have voted to ratify a new five-year contract. The Culinary Workers and Bartenders Unions had earlier this month reached a tentative deal with Caesars for a “historic” new contract for 10,000 employees. The unions had …

Las Vegas hospitality unions ratify 5-year contract with Caesars Read More »