Soaring US stocks could take cues from Fed as earnings wind down
By Lewis Krauskopf NEW YORK (Reuters) – Strong corporate results have helped fuel the S&P 500’s climb to new highs…
Year: 2024
Reddit’s US IPO filing reveals $90.8 million losses, 21% revenue growth in 2023
By Niket Nishant and Manya Saini (Reuters) -Reddit disclosed on Thursday that its net loss narrowed to $90.8 million and…
Block outlook tops earnings estimates, boosting shares 12%
By Hannah Lang (Reuters) -Shares in Jack Dorsey-led Block surged 12% on Thursday after the payments firm forecast adjusted core…
Nvidia fuels global stock records, bond yields rise
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) -AI chipmaker Nvidia’s stunning results sparked a worldwide wave of record…
Pioneer Natural reports strong FY production as Exxon takeover looms
(Reuters) – Pioneer Natural Resources on Thursday reported 2023 production that exceeded its prior forecast, as the U.S. shale producer…
Intel signs Microsoft as foundry customer, says on track to overtake TSMC
By Stephen Nellis and Max A. Cherney (Reuters) -Intel said on Wednesday that Microsoft plans to use its services to…
Biden administration cancels another $1.2 billion of student loan debt
By Trevor Hunnicutt and Jeff Mason CULVER CITY, California/WASHINGTON (Reuters) -President Joe Biden said on Wednesday his administration is cancelling…
Rivian, Lucid’s 2024 production targets disappoint as EV demand wanes
By Akash Sriram and Abhirup Roy (Reuters) -Electric vehicle startups Rivian and Lucid forecast 2024 production well below analyst estimates…
Oil rises 1% on signs of tightening supplies
By Shariq Khan NEW YORK (Reuters) -Oil prices rose 1% on Wednesday as geopolitical tensions raged on in the Middle…
Exclusive-Occidental explores $20 billion-plus sale of Western Midstream, sources say
By David French and Anirban Sen (Reuters) -Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural…