UBS raises S&P year end target, eyes more gains in 2026
(Reuters) – UBS Global Wealth Management on Thursday raised its year-end target for the S&P 500 to 6,000 from 5,800 and initiated a June 2026 target of 6,400.The research group also raised its 2025 expectation for S&P 500 earnings per share to $260 from...
Nuclear stocks surge on report of Trump executive orders to boost industry
(Reuters) -Shares of nuclear power companies surged in premarket trading after a report that U.S. President Donald Trump would sign executive orders as early as Friday to jumpstart the industry.Trump is expected to streamline the regulatory process for new reactor...
Markets slump as Trump recommends 50% tariff on EU, targets Apple
LONDON (Reuters) -U.S. President Donald Trump said on Friday he is recommending a straight 50% tariff on goods from the European Union starting on June 1, saying the EU has been hard to deal with on trade.Stock markets across Europe fell sharply with the STOXX 600...
Nvidia earnings in focus as rising US yields, debt rattle markets
By Lewis KrauskopfNEW YORK (Reuters) -An earnings report from semiconductor giant and artificial intelligence bellwether Nvidia takes center stage for Wall Street in the coming week, as stocks hit a speed bump of worries over federal deficits driving up Treasury...
Alphabet hits near three-month high on new AI updates
(Reuters) -Alphabet shares jumped 4% on Thursday, rising for a second straight day, as investors cheered the Google parent’s artificial intelligence updates including the rolling out of “AI Mode” to all its U.S. users.A $249.99-a-month subscription...
Exclusive-FTC probes Media Matters over Musk’s X boycott claims, document shows
By Jody Godoy and Mike Scarcella(Reuters) -The U.S. Federal Trade Commission has demanded documents from Media Matters about possible coordination with other media watchdogs accused by Elon Musk of helping orchestrate advertiser boycotts of X, according to a document...
US Steelworkers union urges Trump to block Nippon Steel’s bid for U.S. Steel
WASHINGTON (Reuters) -The United Steelworkers union urged U.S. President Donald Trump on Thursday to block Nippon Steel’s bid for U.S. Steel despite a pledge by the Japanese steel giant to invest $14 billion in the iconic American company, as first reported by...
FTC drops case over Microsoft’s $69-billion Activision Blizzard deal
By Jody Godoy(Reuters) – The U.S. Federal Trade Commission dropped a case that sought to block Microsoft’s $69-billion purchase of “Call of Duty” maker Activision Blizzard, saying on Thursday that pursuing the case against the long-closed deal...