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(Reuters) -Home Depot cut its full-year profit forecast after missing Wall Street estimates for quarterly earnings on Tuesday, as tariff-driven economic uncertainty dampened demand for big-ticket renovations and do-it-yourself projects.   The world’s top home-improvement chain set the ball rolling for a week packed with earnings reports from big-box retailers, including Walmart and Target, as …

Home Depot signals subdued spending with downbeat annual profit, sales forecast Read More »

By Niket Nishant (Reuters) -Reverse stock splits globally have climbed to a record this year, underscoring the strain on small-cap companies struggling to stay listed even as an AI-fueled rally lifts technology heavyweights to fresh highs. Companies carried out a record 288 reverse splits through the end of October, compared with just 53 traditional splits, …

Record reverse splits expose growing divide between small caps and megacaps Read More »

By Howard Schneider WASHINGTON (Reuters) -A divided U.S. Federal Reserve begins receiving updated economic reports from the now-reopened federal government this week as policymakers hope for clarity in their debate over whether to cut interest rates when they meet in just over three weeks. It remains unclear how much of the shutdown-delayed data on employment, inflation, …

As data flow revives, Fed still faces a deep policy divide Read More »

DUBAI (Reuters) -Gulf Air signed an agreement on Tuesday with Boeing to buy at least 12 Boeing 787 Dreamliner planes, the carrier said. The definitive purchase agreement to buy between 12 and 15 Dreamliner planes, signed at the Dubai Airshow, finalises an announcement in July that the carrier would buy 12 aircraft with an option …

Gulf Air finalises deal for at least 12 Boeing 787 Dreamliner planes Read More »

SYDNEY (Reuters) -Commonwealth Bank of Australia, the country’s largest lender, believes demand for home loans is too high and is helping to push property prices up, Chief Executive Matt Comyn said on Tuesday. While admitting the bank benefitted from the surge in housing credit growth, Comyn said a lower level would be better for “long-term …

Commonwealth Bank, Australia’s biggest lender, says home loan demand is too high Read More »

(Reuters) -Data analytics firm Databricks is in talks to raise funds at a valuation of more than $130 billion, about 30% higher than its last financing round two months ago, The Information reported on Monday, citing two people familiar with the discussion. The company declined to comment on the report. Databricks has not signed a …

Databricks in talks to raise capital at above $130 billion valuation, The Information reports Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S.-Saudi Arabia investment forum to take place in Washington during the visit of Saudi Crown Prince Mohammed bin Salman this week is expected to include CEOs from Chevron, Qualcomm, Cisco, General Dynamics and Pfizer, according to a source familiar with the event. In bin Salman’s first trip to the …

US-Saudi event to include CEOs from Chevron, Qualcomm, Pfizer, source says Read More »