Reuters US Business

(Reuters) -HSBC raised its year-end forecast for the S&P 500 index to 6,500 from 6,400 on Wednesday, marking its second upgrade in less than a month, on the back of stronger-than-expected second-quarter corporate earnings and a ‘modest’ impact from tariffs. HSBC’s new target represents a 1.3% upside to the benchmark index’s last close of 6,415.54. …

HSBC raises S&P 500 year-end target on earnings strength, modest tariff impact Read More »

(Reuters) -Venezuela’s government is slowly allowing the use of dollar-tied cryptocurrencies in currency exchanges for the private sector, a dozen sources said, as U.S. restrictions on oil exports reduce available foreign currency. Sanctions by the United States, which the Venezuelan government has characterized as “economic war,” prevent many business transactions, forcing companies seeking to buy …

With dollars scarce, Venezuela currency exchanges turn to crypto Read More »

By Ateev Bhandari (Reuters) -Via Transportation is targeting a valuation of up to $3.50 billion in its initial public offering, the transit technology maker said on Wednesday, joining a wave of companies aiming to list their shares on U.S. exchanges this fall. Via and some of its existing investors are seeking to raise up to …

Transit tech firm Via Transportation targets up to $3.5 billion valuation in US IPO Read More »

By Kenrick Cai SAN FRANCISCO (Reuters) -A rising group of artificial intelligence companies stand to gain from an antitrust ruling on Tuesday that ordered Alphabet’s Google to share its invaluable search data with competitors. Matching Google’s heft, though, will take time and huge resources, with no guarantees that any rival product will win as many …

Google’s AI rivals get a boost from data-sharing order, but tech giant far from routed Read More »

By Davide Barbuscia and Lewis Krauskopf NEW YORK (Reuters) -Investors are bracing for more volatility after Wall Street’s summer lull gave way when markets reopened from the Labor Day unofficial end-of-summer holiday on Tuesday. With September historically the worst month for the U.S. stock market, fears over Federal Reserve independence and President Donald Trump’s tariff …

Investors on edge as September reset exposes simmering US market risks Read More »

By Stephen Nellis SAN FRANCISCO (Reuters) -New Mexico, site of the world’s first atomic bomb tests, on Tuesday plans to invest $315 million in a bid to become a leader in another potentially era-defining technology: quantum computing.  Quantum computing, which leverages the behavior of matter and energy at the atomic and sub-atomic scale, holds the promise …

New Mexico to invest $315 million in quantum computing drive Read More »