By Koh Gui Qing and Milana Vinn NEW YORK (Reuters) -A bitcoin company tied to President Donald Trump’s two oldest sons more than doubled in value in its stock market debut on Wednesday, valuing the sons’ stake at well over $1.5 billion as the first family grows their crypto business interests. Shares in American Bitcoin …
Trump’s oldest sons’ American Bitcoin stake worth $1.5 billion in stock debut Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -The Nasdaq rose 1% and the S&P 500 also ended higher on Wednesday as Alphabet jumped after a U.S. judge ruled against breaking up the Google parent and as investors were optimistic that the Federal Reserve would cut interest rates this month. The Dow finished slightly lower, with shares of …
Nasdaq, S&P 500 end higher with Alphabet, Apple, rate-cut hopes; Dow dips Read More »
(Reuters) -Nippon Steel said on Wednesday it has resolved all legal disputes with the United Steelworkers union and steelmaker Cleveland-Cliffs tied to its $14.9 billion acquisition of U.S. Steel, which closed in June. The settlement includes the dismissal of a lawsuit brought by Nippon Steel, its North America unit and U.S. Steel against USW President …
Nippon Steel settles disputes with USW, Cliffs over U.S. Steel deal Read More »
By Zaheer Kachwala and Juby Babu (Reuters) -Salesforce forecast third-quarter revenue below Wall Street estimates on Wednesday, signaling lagging monetization for its highly-touted artificial intelligence agent platform as clients dial back spending due to macroeconomic uncertainty. The cloud software provider also announced a $20 billion increase to its existing share buyback program, but that was …
Salesforce’s weak quarterly revenue forecast signals lagging AI monetization Read More »
By Neil J Kanatt (Reuters) -American Eagle Outfitters forecast third-quarter comparable sales above expectations on Wednesday, signaling a demand boost in the fall season from its Sydney Sweeney and Travis Kelce partnerships. Its shares surged 25% after the bell as the company hailed the controversial “Great Jeans” campaign with actress Sydney Sweeney, which included a …
American Eagle expects sales boost in fall season from Sweeney, Kelce ad campaigns Read More »
WASHINGTON (Reuters) -New orders for U.S.-manufactured goods fell in July, pulled down by weakness in commercial aircraft bookings, but businesses appeared to have maintained a strong pace of spending on equipment early in the third quarter. Factory orders decreased 1.3% after an unrevised 4.8% drop in June, the Commerce Department’s Census Bureau said on Wednesday. …
Weak commercial aircraft bookings weigh on US factory orders in July Read More »
(Reuters) -Gilead Sciences said on Wednesday it has started work on a new pharmaceutical development and manufacturing hub at its headquarters in Foster City, California, as part of its planned $32 billion investment in domestic manufacturing. Major U.S. drugmakers such as Eli Lilly, Johnson & Johnson, Merck and Bristol Myers Squibb have also announced big …
Gilead starts building manufacturing hub under $32 billion planned US investments Read More »
(Reuters) -Hewlett Packard Enterprise beat Wall Street estimates for third-quarter revenue on Wednesday, driven by strong demand in its server and networking segments. Demand for AI servers has surged as big tech companies and startups race to deploy generative AI services, such as ChatGPT, which require immense computing power. The surge in GenAI has boosted …
Hewlett Packard beats quarterly revenue estimates on robust server demand Read More »
By Pritam Biswas (Reuters) -The U.S. Commodity Futures Trading Commission on Wednesday approved Polymarket, the world’s largest prediction market, to relaunch in the country, more than three years after its exit. The decision comes amid a debate in the financial sector, with some experts highlighting prediction markets as superior to traditional polls, while others argue …
Polymarket receives green signal from CFTC for US return Read More »
By David Shepardson FORT WORTH, Texas (Reuters) -A U.S. judge on Wednesday held a three-hour hearing to consider objections to a deal between the Justice Department and Boeing that allows the planemaker to avoid prosecution on a charge stemming from two fatal 737 MAX plane crashes that killed 346 people. Judge Reed O’Connor in Texas …
US judge questions DOJ decision to drop Boeing independent monitor Read More »
