Oil falls as supply set to rise, uncertainty around Fed rate cuts
By Georgina McCartney HOUSTON (Reuters) -Oil fell about 2% on Friday as investors weighed expectations of a rise in OPEC+…
Year: 2024
Solid US consumer spending pushes against hopes for hefty Fed rate cut
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground…
Apple in talks to join OpenAI funding round, WSJ reports
(Reuters) -Apple is in talks to invest in OpenAI as part of a new fundraising round that would value the…
Salesforce gains as software firm bets on AI tools to power growth
(Reuters) – Shares of Salesforce gained more than 5% on Thursday as investors cheered the customer relationship management software maker’s…
Meta says its Llama AI models being used by banks, tech companies
By Katie Paul NEW YORK – Meta’s Llama artificial intelligence models are being used by companies including Goldman Sachs and…
Affirm soars as BNPL lender aims to turn profit ahead of Street targets
By Manya Saini (Reuters) – Affirm shares rose 33% on Thursday after the buy-now-pay-later lender trounced estimates for quarterly results…
Self-driving truck company TuSimple settles fraud lawsuit for $189 million
By Jonathan Stempel (Reuters) – TuSimple reached a $189 million settlement of a lawsuit accusing the self-driving truck technology company…
Nordstrom Q2 revenue rises on boost from sales event, shares surge
(Reuters) -Nordstrom reported a better-than-expected growth in second-quarter sales on Tuesday, buoyed by its crucial Anniversary Sale event, even as…
Trump, Harris agree to mute mics for Sept. 10 US presidential debate, Trump says
WASHINGTON (Reuters) – Republican presidential candidate Donald Trump said on Tuesday an agreement has been reached to have closed microphones…
Nvidia results could spur record $300 billion swing in shares, options show
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are expecting Nvidia’s upcoming earnings…