Reuters US Business

By Aditya Soni (Reuters) -Microsoft investors head into Wednesday’s earnings with one big question: is the company’s artificial intelligence edge at risk as partner OpenAI turns to rivals Google, Oracle and CoreWeave for cloud services? Exclusive licensing deals and access to OpenAI’s cutting-edge models have made Microsoft one of the biggest winners of the generative …

Microsoft’s AI edge under scrutiny as OpenAI turns to rivals for cloud services Read More »

TAIPEI (Reuters) -Foxconn, also known as Hon Hai Precision Industry, said it will suspend share trading on July 30 pending a major announcement.  In Taiwan, companies typically halt trading ahead of announcements, including investments, asset sales and mergers or strategic partnerships, that could affect share prices. (Reporting by Wen-Yee Lee; Editing by Kirsten Donovan)

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets  The dollar is on course for its best week of the year, as unfolding U.S. trade deals are succeeding in raising tariffs without attracting much retaliation or causing major economic damage so far. A …

Morning Bid: Dollar rejuvenated Read More »

By Makiko Yamazaki TOKYO (Reuters) -Japan’s leading trade negotiator said on Tuesday that the trade deal Tokyo agreed with the United States last week guarantees Japan will always receive the lowest tariff rate on chips and pharmaceuticals of all the pacts negotiated by Washington. “If a third country agrees with the United States on lower …

US-Japan trade deal guarantees lowest tariff rates for chips, pharma, Japanese official says Read More »

TOKYO (Reuters) -Japan said on Tuesday the trade agreement it struck with the U.S. cleared uncertainties on U.S. trade policies but continued attention needs to be given to risks of those policies putting downward pressure on the Japanese economy.  Tokyo clinched a trade deal with Washington last week, lowering tariffs to 15% from a previously proposed …

Japan says US trade deal eases tariff uncertainties, but risks remain Read More »

(Reuters) -U.S. sports-betting service BetMGM, a joint venture between Entain and MGM Resorts, has raised its full-year 2025 revenue and core earnings forecast after posting a 35% rise in first-half revenue, helped by strong demand in online sports betting and its iGaming division. Growth in player volumes and engagement helped lift iGaming revenue by 28% …

BetMGM raises 2025 forecast on strong iGaming, sports betting growth Read More »

(Reuters) -A look at the day ahead in European and global markets from Wayne Cole. Asian markets have been quietly picking up the pieces after the U.S./EU tariff party turned into a bust. It was like being relieved because somebody only burned half your house down. Hey, at least they left the kitchen and the …

Morning Bid: Remembering the downsides to tariffs Read More »