(Reuters) -Shares of several U.S. banks fell on Tuesday, the day after ratings agency S&P Global followed Moody’s in cutting its credit ratings on some regional lenders with high commercial[...]
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August 22, 2023
VinFast shares more than double to highest since market debut
(Reuters) – VinFast’s shares more than doubled on Tuesday to the highest since Vietnamese electric vehicle maker’s blowout Wall Street debut after Reuters reported that South Korea[...]
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Medtronic raises profit forecast as surgeries return to pre-pandemic levels
By Bhanvi Satija (Reuters) -Medtronic on Tuesday raised its annual profit forecast as the return of non-urgent surgery volumes to pre-pandemic levels boosted demand for its medical devices, sending it[...]
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VMware, Nvidia target businesses that want their own AI
By Stephen Nellis (Reuters) – VMware Inc on Tuesday said it has developed a new set of software tools in partnership with Nvidia Corp aimed at businesses which want to develop generative artific[...]
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Lowe’s tops quarterly estimates, CEO says consumer sentiment improving
By Deborah Mary Sophia (Reuters) -Lowe’s said on Tuesday consumer sentiment was improving after it topped Wall Street estimates for quarterly profit and comparable sales, as sustained spending o[...]
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Strong US data makes ‘reacceleration scenario’ possible, Fed’s Barkin says
By Howard Schneider DANVILLE, Virginia (Reuters) – The Federal Reserve must be open to the possibility that the economy will begin to reaccelerate rather than slow, with potential implications f[...]
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Meta rolls out web version of Threads
(Reuters) -Meta Platforms said on Tuesday it was launching the web version of its new text-first social media platform Threads, in a bid to retain professional users and gain an edge over rival X, for[...]
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Canadian banks’ profits seen pressured by slower dealmaking, mortgage growth
By Nivedita Balu TORONTO (Reuters) – Canada’s big bank results are expected to bring to light a number of challenges as lenders set aside more funds for bad loans in a tough economy that h[...]
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US energy firm payouts to oil investors top exploration spending for first time
HOUSTON (Reuters) – Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report rel[...]
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