(Reuters) -RBC Capital Markets on Sunday raised its S&P 500 index year-end target to 6,250 from 5,730, its second hike this year, citing stronger investor sentiment and growing focus on 2026 economic prospects. The S&P 500 eased from a record high on Friday as caution prevailed after President Donald Trump imposed 50% tariffs on Brazil …
RBC lifts S&P 500 year-end price target to 6,250 Read More »
By Lewis Krauskopf NEW YORK (Reuters) -A rally that has taken U.S. stocks to record highs will be tested in the coming week by the kick-off of corporate earnings season and a key inflation report as investors hope to learn more about the economic fallout from tariffs. The S&P 500 is little changed so far …
Earnings, inflation data confront resilient US stocks rally Read More »
(Reuters) -SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk’s ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported on Saturday. The investment follows xAI’s merger with X and values the combined company …
SpaceX to invest $2 billion in Musk’s xAI startup, WSJ reports Read More »
(Reuters) -U.S. President Donald Trump announced on Saturday a 30% tariff rate for goods imported from the European Union and Mexico, starting on August 1. The EU had initially hoped to reach a comprehensive trade agreement with the U.S. for 27-country bloc, but until Trump’s social media post on Saturday it was unclear if it …
Investors react to Trump’s 30% tariffs on EU and Mexico Read More »
(Reuters) -Online spending soared $24.1 billion across U.S. retailers during the stretch from July 8 to 11 – dubbed “Black Friday in Summer”, outpacing Adobe Analytics’ prior forecast, as eager shoppers rushed to snap up deep discounts on back-to-school essentials. Retailers recorded online sales growth of 30.3% during events that included Amazon Prime Day, Adobe …
US online spending surges $24.1 billion as steep discounts boost sales, Adobe says Read More »
(Reuters) -Google has agreed to pay about $2.4 billion in a deal to license the technology of artificial intelligence-assisted coding tool Windsurf, The Wall Street Journal reported on Friday, citing people familiar with the matter. Reuters could not immediately confirm the report. Earlier on Friday, a Google spokesperson told Reuters that the company has hired …
Google to pay $2.4 billion in deal to license tech of Windsurf, WSJ reports Read More »
(Reuters) -U.S. President Donald Trump’s promised 50% copper tariffs are said to include all refined metal, Bloomberg reported on Friday, citing people familiar with the matter. (Reporting by Abu Sultan in Bengaluru; Editing by Chris Reese)
(Reuters) -Elon Musk’s xAI is preparing to raise more money from investors in a deal that could value the artificial-intelligence company between $170 billion and $200 billion, the Financial Times reported on Friday, citing people close to the discussions. Saudi Arabia’s PIF sovereign wealth fund is expected to play a large role in the deal, …
Musk’s xAI seeks up to $200 billion valuation in next funding round, FT reports Read More »
By David Lawder WASHINGTON (Reuters) -U.S. customs duty collections surged again in June as President Donald Trump’s tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported on Friday. The budget data showed that …
US customs duties top $100 billion for first time in a fiscal year Read More »
By Mike Colias and Nora Eckert (Reuters) -General Motors is pausing production at a pickup-truck plant in Mexico for several weeks, crimping output of its top-selling vehicles, people familiar with the situation told Reuters, and the company confirmed the information when asked. GM’s assembly complex in Silao, Mexico, where the company builds the Chevrolet Silverado …
Exclusive-GM pickup-truck plant in Mexico pauses output for several weeks Read More »
