By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Trump is Fed up If Federal Reserve Chair Jerome Powell was cautious and mildly hawkish in his outlook for U.S. monetary policy on Wednesday, European Central Bank President Christine Lagarde was bold and…
By Carolina Mandl NEW YORK (Reuters) – The media company majority owned by President Donald Trump, Trump Media & Technology Group, said on Thursday it had asked the U.S. Securities and Exchange Commission (SEC) to investigate a recent short position in its stocks. Hedge fund Qube Research & Technologies disclosed a roughly $105 million short…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Netflix exceeded Wall Street’s quarterly earnings expectations and offered a bullish revenue outlook on Thursday, signaling confidence amid the economic uncertainty surrounding President Donald Trump’s erratic tariff plans. Shares of the company rose 4.4% in after-hours trading to $1,016.55. The streaming giant also said its co-founder…
(Reuters) – American chipmaker Intel has informed Chinese clients it will start needing a license to sell some of its advanced artificial intelligence processors, the Financial Times reported on Wednesday. The news comes a day after Nvidia warned of a $5.5 billion hit as Washington restricted exports of its AI processor tailored for China. Dutch…
(Reuters) – Video-conferencing platform Zoom Communications services were down for thousands of users on Wednesday, according to outage tracking website Downdetector.com. Users reported interruptions accessing the Zoom web portal, as well as the application. Some users also reported login issues. “We continue to investigate the domain name resolution issues on the zoom.us domain that is…
By Kalea Hall, Nora Eckert and Utkarsh Shetti (Reuters) – Ford Motor may raise prices on its new vehicles if U.S. President Donald Trump’s auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters. The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month…
By Gram Slattery, Steve Holland and Humeyra Pamuk WASHINGTON (Reuters) – U.S. Secretary of State Marco Rubio and White House envoy Steve Witkoff will travel to Europe this week for talks about ending Russia’s war in Ukraine and laying the groundwork for a nuclear deal with Iran. Rubio and Witkoff are slated to meet with…
(Reuters) – Comcast unveiled a five-year price lock for its Xfinity Internet service on Tuesday, aiming to stem subscriber losses and bolster its broadband business as competition in the sector intensifies. WHY IT’S IMPORTANT Comcast has been losing broadband subscribers to wireless giants such as AT&T, T-Mobile and Verizon, which offer plans, bundling internet with…
By Sybille de La Hamaide PARIS – Global wine production and consumption fell in 2024 to their lowest in decades, as extreme weather and high prices weighed on the sector, the International Organisation of Vine and Wine, known as the OIV, said on Tuesday. Adding to the challenges, wine producers around the world are under…
By Jody Godoy and Katie Paul WASHINGTON (Reuters) -Meta CEO Mark Zuckerberg considered spinning off popular photo-sharing app Instagram in 2018 in anticipation of possible antitrust scrutiny, according to a document shown at a trial in Washington, D.C., on Tuesday. The document was shown during Zuckerberg’s second day of testimony at the high-stakes trial, in…
