Reuters US Business

(Reuters) -Dollar Tree on Wednesday forecast fiscal 2026 profit above Wall Street estimates and upheld its annual targets, signaling steady demand for affordable groceries and essentials. Shares of the company up about 4% in early trading after it also maintained its current quarter forecast. They have risen about 28% so far this year. With inflation …

Dollar Tree forecasts upbeat fiscal 2026 earnings; reiterates annual targets Read More »

(Corrects to say that Stargate UAE is first phase of AI campus, not overall project in paragraphs 2 and 6) By Federico Maccioni DUBAI (Reuters) -AI chip startup Cerebras Systems aims to deploy its infrastructure to the United Arab Emirates to support the Gulf state’s rapidly growing AI sector, as well as markets in India …

Cerebras aims to deploy AI infrastructure for massive Stargate UAE data centre hub Read More »

By Jeslyn Lerh and Florence Tan SINGAPORE (Reuters) -Supertanker freight rates surged this week and are set to stay elevated on U.S.-China tit-for-tat hikes in port fees and concerns about the fallout from U.S. sanctions on a major Chinese crude oil terminal. Chinese retaliatory port fees announced on Friday would add more than $7 a …

Supertanker freight rates up sharply as US-China trade war envelops ports Read More »

(Corrects BNY Mellon Asset Management to BNY Investments in paragraph 13) By Sarupya Ganguly BENGALURU (Reuters) -Short-dated U.S. Treasury yields will edge lower on expectations of Federal Reserve rate cuts even as the long end resists the pull thanks to sticky inflation, swelling deficits and concerns about Fed independence, a Reuters poll showed. The poll, …

Long Treasury yields to stay elevated as inflation, debt pressures blunt Fed easing Read More »

By Nandita Bose WASHINGTON (Reuters) -U.S. support for Argentina hinges on the ruling party of President Javier Milei succeeding in this month’s midterm legislative elections, President Donald Trump said on Tuesday, saying “we’re not going to waste our time” if Milei’s party does not win. Trump and Milei were meeting at the White House just …

Trump won’t ‘waste our time’ with Argentina if Milei loses in midterms Read More »

By Scott Murdoch SYDNEY (Reuters) -Commonwealth Bank of Australia Chief Executive Matt Comyn will remain at the helm of the country’s largest lender for at least the next three years, its chair said on Wednesday, heading one of the most expensive banks in the world. Chairperson Paul O’Malley told the bank’s annual meeting in Brisbane …

Commonwealth Bank keeps CEO Comyn in top job until at least 2028 Read More »