Nasdaq futures surge as tech gains offset Fed caution

Nasdaq futures surge as tech gains offset Fed caution

(Reuters) – Futures tracking the Nasdaq leapt on Thursday on gains in heavyweight technology stocks, aided by broadly unchanged bets on the Federal Reserve easing interest rates in September despite the central bank projecting just one cut this year. Investor...
Broadcom soars as demand for AI chips power forecast raise

Broadcom soars as demand for AI chips power forecast raise

By Arsheeya Bajwa(Reuters) – Broadcom surged more than 13% on Thursday as its upbeat annual forecast highlighted an insatiable demand for chips used in powering AI-focused technology, while its announcement of a stock split added to the euphoria.The rising...
Caterpillar boosts buyback by $20 billion, raises dividend

Caterpillar boosts buyback by $20 billion, raises dividend

(Reuters) – Caterpillar has raised its quarterly dividend by 8% and its share repurchase authorization by $20 billion, the company said on Wednesday, sending its shares up 2% in morning trading.With the expanded authorization, the company may now repurchase up...