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US smartphone market sees sluggish growth as India-made phones surge, Canalys says

28 Jul 2025

(Reuters) -The United States smartphone market grew just 1% in the second quarter as vendors front-loaded device inventories amid tariff concerns, while supply chain negotiations between China and the United States boosted shipments of Indian-made phones, research firm Canalys said on Monday. WHY IT’S IMPORTANT The imposition of U.S. tariffs has prompted smartphone makers to …

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Firefly Aerospace seeks $5.5 billion valuation in IPO as US space race heats up

28 Jul 2025

By Manya Saini (Reuters) -Northrop Grumman-backed space technology startup Firefly Aerospace is targeting a valuation of about $5.5 billion in its U.S. initial public offering, as investor appetite for high-growth sectors shows signs of a sustained rebound. The Cedar Park, Texas-based maker of spacecraft and launch vehicles is aiming to sell 16.2 million shares, priced …

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Gold price to stay above $3,000/oz as flight to safety endures- Reuters poll

28 Jul 2025

By Sherin Elizabeth Varghese (Reuters) -Global trade and fiscal debt concerns are feeding into a flight to safer assets, sharpening gold’s edge as a haven from risk, prompting analysts in a Reuters poll to sharply raise their forecasts. The poll of 40 analysts and traders returned a median forecast of $3,220 per troy ounce of …

Gold price to stay above $3,000/oz as flight to safety endures- Reuters poll Read More »

UnitedHealth investors may seek roadmap on costs as Hemsley takes center stage

28 Jul 2025

By Sriparna Roy (Reuters) -UnitedHealth’s newly returned CEO, Stephen Hemsley, will likely face investor scrutiny over the largest U.S. health insurance and services company’s efforts to rein in the elevated medical costs behind the withdrawal of its annual forecast. Hemsley returned to the role in May following the abrupt departure of then-CEO Andrew Witty, who …

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Interactive Brokers considers launching new stablecoin for customers

28 Jul 2025

By Anirban Sen NEW YORK (Reuters) -Interactive Brokers Group is considering launching a stablecoin for customers, joining a number of large financial firms that are betting big on the digital token boom as the U.S. eases regulations around the crypto industry. The deliberations come at a time when the underlying infrastructure of global financial markets …

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Oppenheimer lifts S&P 500 year-end target to Wall Street-high on trade optimism

28 Jul 2025

(Reuters) -Oppenheimer Asset Management on Monday raised its year-end target for the S&P 500 index to 7,100, the highest among major Wall Street brokerages, betting on easing trade tensions and strong corporate earnings. Its current target implies an 11.13% upside to the benchmark index’s last close of 6,388.64. Oppenheimer previously set a target of 5,950 …

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EU-sanctioned Indian refiner Nayara takes Microsoft to court over outage

28 Jul 2025

By Nidhi Verma NEW DELHI (Reuters) -Russia-backed Indian refiner Nayara Energy Monday said it has started legal proceedings against Microsoft following the abrupt and unilateral suspension of critical services by the U.S.-headquartered software giant. “Microsoft is currently restricting Nayara Energy’s access to its own data, proprietary tools, and products—despite these being acquired under fully paid-up …

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This Bezos-backed EV startup is betting you’ll pay extra for a stereo in your petite pickup

28 Jul 2025

By Kalea Hall and Nora Eckert (Reuters) -When Will Haseltine saw images online of a small, boxy electric pickup from startup Slate Auto this past spring, he got on the waitlist right away. The sparse interior and crank windows reminded him of the no-frills pickups he grew up around in Memphis, Tennessee – but he …

This Bezos-backed EV startup is betting you’ll pay extra for a stereo in your petite pickup Read More »

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