By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The likelihood of bitcoin ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging against more declines in the world’s largest cryptocurrency. On the other hand, the options market has assigned just a 30% chance of bitcoin finishing 2025…
(Reuters) -Defense supplier L3Harris Technologies said on Tuesday it will invest $400 million in a new solid rocket motor production campus in Arkansas, marking one of the largest such expansions in the U.S. in decades. The new 110-acre campus at Camden, Arkansas will feature more than 20 buildings and expand manufacturing capacity of large solid…
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 Trevor Hunnicutt and Eduardo Baptista ABOARD AIR FORCE ONE/GYEONGJU (Reuters) -U.S. President Donald Trump may have teased that he could discuss Nvidia’s state-of-the-art artificial intelligence Blackwell chips with Chinese President Xi Jinping, but in the end, he said the topic did not come up. After Thursday’s meeting in South Korea, Trump told reporters aboard…
By Anmol Choubey (Reuters) -Gold’s winning streak is seen extending into next year, with analysts forecasting an annual average price above $4,000 per ounce for the first time as economic and geopolitical turmoil keep the metal’s safe-haven allure intact, a Reuters poll showed. The poll of 39 analysts and traders returned a median forecast of…
(Reuters) -Goldman Sachs CEO David Solomon on Thursday expressed concerns that mounting U.S. government debt will pose more of a problem if the economy does not grow faster. “If we continue on the current course, and we don’t take the growth level up… there will be a reckoning,” Solomon told the Economic Club of Washington. …
