By Arsheeya Bajwa and Stephen Nellis (Reuters) -Nvidia forecast quarterly revenue well above Wall Street estimates on Wednesday and CEO Jensen Huang touted blockbuster demand for its AI chips from giant cloud providers. Shares of the AI market bellwether jumped 5% in extended trading, setting up the company to add $220 billion in market value….
(Corrects spelling of Nicolas Jaquier in paragraph 9 of Nov 17 story with no other changes to text) By Karin Strohecker and Rodrigo Campos LONDON/NEW YORK (Reuters) -Chile’s peso and stocks strengthened, while bond yields ticked lower, as analysts viewed the first-round vote in Chile’s presidential election as potentially paving the way for more market-friendly…
TOKYO (Reuters) -Japan’s core consumer inflation probably accelerated in October for the second straight month, a Reuters poll showed on Friday, as smaller energy subsidies compared with a year earlier pushed up utility costs, while food price gains moderated. The nationwide core consumer price index (CPI), which includes energy items but excludes fresh food prices, was…
HONG KONG (Reuters) -The United States is the biggest recipient of China’s lending activities globally, according to a study which tracked Beijing’s credit activities and found it is increasingly lending to higher-income countries over developing countries. The report, published on Tuesday by AidData, a research lab at U.S. university William & Mary, said China’s lending…
By Andrew Goudsward and Sarah N. Lynch WASHINGTON (Reuters) -Recent grand jury subpoenas for records related to the U.S. intelligence community’s work on Russian interference in the 2016 election, a topic that President Donald Trump has long demanded prosecutions on, are likely to yield little to no new information for prosecutors, according to three sources…
By Adrian Portugal and Eloisa Lopez ISABELA, Philippines (Reuters) -The Philippines evacuated over 100,000 residents across its eastern and northern regions as Fung-wong intensified on Sunday into a super typhoon ahead of its expected arrival later in the day, threatening to unleash torrential rains, destructive winds, and storm surges. Storm alert signals have been hoisted…
By Helen Reid LONDON (Reuters) -Sweden’s Inter IKEA, which supplies furniture to IKEA stores around the world, said on Friday its annual operating profit dropped 26% as the impacts of U.S. tariffs drove up costs. The IKEA brand owner said operating profit for the financial year ended August 31 was 1.7 billion euros ($1.98 billion),…
By Sabrina Valle and Tom Hals (Reuters) -Pfizer plans to sweeten its bid for Metsera, a person familiar with the matter told Reuters, after a judge denied its request to block rival drugmaker Novo Nordisk’s $10 billion offer for the biotech company. Pfizer is racing against the clock to salvage its takeover of Metsera, after…
By Jonathan Stempel (Reuters) -A federal judge on Friday said 36 drugmakers and executives must face nearly all claims in an antitrust lawsuit brought by most U.S. states, accusing them of conspiring to fix prices of 80 generic drugs. Chief Judge Michael Shea of the federal district court in Connecticut rejected claims that 45 states,…
By Jonathan Stempel (Reuters) -Berkshire Hathaway signaled on Saturday that it remained cautious about markets, letting cash swell to a record $381.7 billion even as profit rose, in its last financial report before Warren Buffett bows out as chief executive. For a 12th straight quarter, Buffett’s conglomerate sold more stocks than it bought for its…
