PIMCO bullish on stocks on US soft landing hopes, cautious on inflation
By Davide Barbuscia NEW YORK (Reuters) – An optimistic outlook on the U.S. economy is prompting U.S. bond giant PIMCO…
Category: Business
TJX raises annual profit forecast as off-price stores attract bargain hunters
(Reuters) -TJX Cos raised its annual profit forecast on Wednesday, benefiting from lower costs and strong demand from cash-strapped customers…
Target shares slide 20% as retailer expects stagnant holiday quarter sales
By Savyata Mishra (Reuters) -Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for…
Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says
(Reuters) – Major oil and gas companies have ramped up investments in the biofuels sector, betting on sustainable aviation fuel…
Microsoft-backed startup d-Matrix launches first AI chip
By Stephen Nellis (Reuters) – Silicon Valley startup d-Matrix on Tuesday said it is shipping its first AI chip aimed…
Stellantis unveils technology to support flexible EV and hybrid auto production
By Nora Eckert DETROIT (Reuters) – Stellantis is preparing to navigate the turbulent electric-vehicle transition with a new vehicle system…
Facebook users affected by data breach eligible for compensation, German court says
BERLIN (Reuters) – A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and…
ASML CEO says AI boom benefits the company
AMSTERDAM (Reuters) – ASML CEO Christophe Fouquet said on Thursday the ongoing boom in AI computer chips would help ASML…
Hilton increases stock buyback program by $3.5 billion
(Reuters) – Hilton Worldwide said on Thursday it had authorized the repurchase of an additional $3.5 billion worth of common…
Cava surges after annual sales forecast raise on steak, pita chips demand
By Savyata Mishra (Reuters) -Restaurant chain Cava touched a fresh record high as its shares rose more than 16% at…