by Reuters | May 26, 2023 | Asia, Business, Economy, US
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Friday as U.S. officials appeared close to striking a debt-ceiling deal, and as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting. Brent...
by Reuters | May 26, 2023 | Business, Economy, US
By Ann Saphir and Michael S. Derby (Reuters) -Federal Reserve policymakers got a dose of unexpectedly strong U.S. economic data on Friday that bolstered the case for further monetary policy tightening to bring down persistently high inflation. Consumer spending...
by Reuters | May 26, 2023 | Business, Economy, Technology, US
(Reuters) – Shares of Marvell Technology soared about 23% on Friday after the chipmaker became the latest to project a big surge in revenue from the AI boom, days after larger peer Nvidia Corp signaled the huge potential for the technology. The gains were set to...
by Reuters | May 25, 2023 | Business, Economy, Top News, US
By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker’s stock soaring and fueled a rally in AI-related companies, while investors watched for signs of...
by Reuters | May 25, 2023 | Asia, Australia, Business, Economy, Europe, US
By Chris Prentice and Marc Jones NEW YORK/LONDON (Reuters) -Progress on U.S. debt ceiling talks bolstered global equities and sent gold prices to a two-month low on Thursday, as forecast-smashing revenue from chipmaker Nvidia fueled a rally in AI-related companies....
by Reuters | May 25, 2023 | Business, Economy, US
By Karen Brettell (Reuters) – The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn’t act to lift the debt ceiling before it is reached, which could happen as soon as June 1. For holders of Treasury bills, notes and bonds,...