By Roberto Samora and Ana Mano SAO PAULO (Reuters) -Exports of fresh beef from Brazil reached a record 276,900 metric tons in July, according to trade data on Wednesday, showing a steep rise before a hefty U.S. tariff applied on sales from the world’s biggest exporter. July shipments exceeded those of the same month last …
On eve of US tariffs, Brazilian beef exports hit record high in July Read More »
By Krystal Hu and Shivani Tanna (Reuters) -ChatGPT maker OpenAI is in early-stage discussions about a stock sale that would allow employees to cash out and could value the company at about $500 billion, a source familiar with the matter said. That would represent an eye-popping bump-up from its current valuation of $300 billion, with …
OpenAI eyes $500 billion valuation in potential employee share sale, source says Read More »
(Reuters) -DoorDash forecast third-quarter gross merchandise value above Wall Street expectations after topping estimates on Wednesday, betting on robust demand for food and grocery deliveries through its platform. The company’s offers and promotions, particularly in its U.S. and international markets for members, have attracted budget-conscious consumers seeking value to its online services. DoorDash expects gross …
DoorDash forecasts strong quarter on resilient delivery demand Read More »
(Reuters) -Payroll processor Paycom Software raised its forecast for annual revenue and profit on Wednesday, as the addition of AI features helps accelerate demand for its employee management services, sending its shares up 7% in extended trading. The company now expects fiscal 2025 revenue of $2.05 billion to $2.06 billion, up from its previous projection …
Paycom raises 2025 revenue and profit forecasts on AI-driven demand Read More »
By Brad Haynes and Lisandra Paraguassu BRASILIA (Reuters) -As U.S. tariffs on Brazilian goods jumped to 50% on Wednesday, Brazil’s President Luiz Inacio Lula da Silva told Reuters in an interview that he saw no room for direct talks now with U.S. President Donald Trump that would likely be a “humiliation.” Brazil is not about …
By Kenrick Cai SAN FRANCISCO (Reuters) -Alphabet’s Google on Wednesday announced a three-year, $1 billion commitment to provide artificial intelligence training and tools to U.S. higher education institutions and nonprofits. More than 100 universities have signed on to the initiative so far, including some of the nation’s largest public university systems such as Texas A&M and …
Google commits $1 billion for AI training at US universities Read More »
(Corrects typographical error in headline to IDB from IBD) By Luciana Magalhaes SAO PAULO (Reuters) -Brazilian payments company Stone said on Monday it has secured 295 million reais ($53.4 million) in financing from the Inter-American Development Bank’s private investment arm to expand credit offerings to small and mid-sized companies, focusing on Brazil’s remote Legal Amazon …
Stone secures IDB financing to offer credit to businesses in the Amazon Read More »
(Reuters) -American International Group reported a higher second-quarter profit on Wednesday, powered by strong underwriting gains and higher returns on investments. Insurers like AIG and Travelers Cos are benefiting as businesses and individuals have maintained spending on insurance against the backdrop of economic uncertainty. “We continued to make significant progress on our long-term strategic, operational …
Insurer AIG posts higher quarterly profit on underwriting strength Read More »
(Reuters) -Citing a slowing labor market and her assessment that tariffs pose only a short-term threat to inflation, San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she believes the U.S. central bank will need to cut interest rates soon. “Inflation, absent tariffs, has been gradually trending down, and with a slowing economy and …
Fed will likely need to cut rates in coming months, Daly says Read More »
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -Less than a week after deciding against an interest-rate cut, some Federal Reserve policymakers are signaling rising angst about a cooling U.S. labor market and a slowing economy, even as they continue to express uncertainty about the outlook for inflation, which remains stuck above the Fed’s 2% …
Fed policymakers signal rising angst about cooling economy Read More »
