Robot invasion slows in the face of weaker US economy, high interest rates
By Timothy Aeppel (Reuters) – Even a robot invasion can’t beat a slowing economy. Companies in North America sharply cut…
Month: August 2023
Wall St ends mixed, dollar gains ahead of jobs report
By Stephen Culp NEW YORK (Reuters) – Wall Street lost earlier momentum and the dollar advanced on the last trading…
Salesforce rallies as profitability push pays off
By Aditya Soni (Reuters) -Salesforce rallied over 5% on Thursday after its strong earnings report showed that cost cuts were…
Marketmind: Markets brace for EU, US inflation data blitz
A look at the day ahead in European and global markets from Brigid Riley A slew of economic data is…
CrowdStrike lifts forecast for annual revenue, profit on resilient cybersecurity demand
(Reuters) – CrowdStrike Holdings on Wednesday raised its full-year outlook and forecast third-quarter revenue and profit above market estimates, as…
Oil prices rise after U.S. data shows tighter crude supply
By Stephanie Kelly NEW YORK (Reuters) -Oil prices gained on Wednesday as U.S. government data showed tighter-than-expected crude supplies, while…
Biden plan would guarantee overtime pay for 3.6 million workers
By Daniel Wiessner (Reuters) -The administration of U.S. President Joe Biden on Wednesday moved to extend mandatory overtime pay to…
As Nvidia splashes out, are stock buybacks worth it?: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – To buy back, or not to buy back. The highest U.S. interest rates…
SoftBank fund cuts stake in India’s Zomato in $115-million deal
BENGALURU (Reuters) – SoftBank Vision Fund on Wednesday sold a 1.17% stake in Indian food delivery firm Zomato in a…
Chinese banks should step up lending to private sector, central bank official quoted
BEIJING (Reuters) -An official at China’s central bank urged banks to step up lending to private companies during a meeting…