By Byron Kaye and Himanshi Akhand (Reuters) -Newly relisted Virgin Australia met prospectus guidance with a jump in annual profit on Friday, benefiting from robust demand for travel and moderating fuel prices, and said it expected higher income this business year. The airline was delisted in 2020 after collapsing due to COVID-19 lockdowns. It was …
Relisted Virgin Australia meets forecast with 28% profit jump Read More »
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The U.S. tariff exemption for package shipments valued under $800 ends permanently on Friday, with a six-month transition period under which postal service shippers can opt to pay a flat duty of $80 to $200 per package depending on the country of origin, Trump administration officials said. …
End of US low-value package tariff exemption is permanent, Trump officials say Read More »
(Reuters) -Alphabet-owned YouTube and Fox said on Thursday they have reached an agreement that will keep Fox News, Fox Sports and other Fox channels available to YouTube TV subscribers. The companies did not disclose the financial terms of the agreement. Earlier this week YouTube had been in negotiations with Fox, with the media company asking …
YouTube reaches agreement with Fox to prevent disruption Read More »
By Juby Babu (Reuters) -Chipmaker Marvell Technology forecast quarterly revenue below market estimates on Thursday, disappointing investors who are accustomed to strong results from artificial intelligence-facing firms and sending its shares down 12% after hours. Shares of the company — which designs custom chips to power AI workloads for big tech companies including Microsoft and …
Chipmaker Marvell’s weak data center forecast prompts AI investors to dump its stock Read More »
By Rajasik Mukherjee (Reuters) -Star Entertainment reported a narrower full-year loss on Friday, but high remediation costs and weak patron spending kept the cash-strapped casino operator dependent on lenders, regulators and the government to fend off any “challenges”. The casino operator posted a statutory net loss after tax of A$471.5 million ($306.4 million) for the …
Star Entertainment says survival hinges on stakeholder support; annual loss narrows Read More »
By Kylie Madry MEXICO CITY (Reuters) -Brazil and Mexico plan to sign complementary trade deals in August of next year, Brazilian Vice President Geraldo Alckmin said on Thursday, after a meeting with Mexican President Claudia Sheinbaum. Authorities signed preliminary agreements in agriculture, health and biofuels, Alckmin told a press conference in Mexico City. Brazil is …
Brazil readies updated sector trade deals with Mexico Read More »
By Ann Saphir (Reuters) -Federal Reserve Governor Christopher Waller on Thursday said he wants to start cutting U.S. interest rates next month and “fully expects” more rates cuts to follow to bring the Fed’s policy rate closer to a neutral setting, stepping up his call to lower short-term borrowing costs. “Based on what I know …
Fed’s Waller sees rate cuts over next 3-6 months, starting in September Read More »
(Reuters) -Spirit Aviation has engaged rival Frontier Group in high-level talks about the carrier’s ongoing efforts to chart a path forward less than six months after emerging from bankruptcy, Bloomberg News reported on Thursday. Spirit Chairman Robert Milton met earlier this week with Frontier Chair Bill Franke, to discuss Spirit’s rebuilding efforts and the broader …
Frontier Air chairman said to meet with Spirit Air executives, Bloomberg News reports Read More »
(Reuters) -The U.S. Senate Banking Committee will hold a hearing September 4 to consider President Donald Trump’s nominee to the Federal Reserve Board, Stephen Miran, it said in a notice issued Thursday. Miran, who chairs the president’s council of economic advisers, has called for sharply lower interest rates given what he says is no inflation …
Trump’s Fed pick Miran to get Senate hearing Sept 4 Read More »
By Jaspreet Singh (Reuters) -Dell raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its artificial intelligence-optimized servers that are powered by Nvidia’s advanced chips. Shares fell around 5% in extended trading as Dell’s third-quarter profit outlook was below analysts’ estimates. Rising demand for AI servers, capable of handling computational needs …
Dell lifts annual forecasts on AI server sales boom Read More »
