By Ashitha Shivaprasad and Brijesh Patel SINGAPORE (Reuters) – Demand for gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers s[...]
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June 11, 2024
US House committee report finds Wall Street colluded to curb emissions
By Isla Binnie (Reuters) -The Republican majority in a U.S. congressional committee published a report on Tuesday accusing Wall Street firms of colluding with advocacy groups to force companies to shr[...]
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China’s discount wars risk cementing frugal consumer mindset
By Casey Hall SHANGHAI (Reuters) -An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating defla[...]
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Oracle expects double-digit revenue growth for fiscal 2025 on strong AI demand
By Zaheer Kachwala (Reuters) -Oracle on Tuesday forecast revenue for fiscal 2025 to grow in double digits, above analysts’ estimates, indicating strong demand for its AI-powered cloud services,[...]
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Oil settles higher on forecasts for strong demand
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled slightly higher on Tuesday as the U.S. Energy Information Administration (EIA) raised its global oil demand growth forecast for the year, whi[...]
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As GameStop shares gyrate, Roaring Kitty faces ticking clock on options
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The clock is ticking for Keith Gill, the stock influencer known on YouTube as “Roaring Kitty,” to lock in gains on his options position in GameStop[...]
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World Bank says global growth stabilizing but well below pre-pandemic levels
By David Lawder WASHINGTON (Reuters) – The World Bank on Tuesday said the U.S. economy’s stronger-than-expected performance has prompted it to lift its 2024 global growth outlook slightly[...]
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US small business sentiment up in May, but looming election clouds outlook
(Reuters) – U.S. small-business confidence and hiring plans increased in May to their highest levels of the year, but the looming U.S. presidential election also drove uncertainty to nearly a fo[...]
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Billionaire investor Ryan Cohen beats Bed Bath & Beyond shareholder lawsuit
By Jonathan Stempel NEW YORK (Reuters) – The billionaire activist investor Ryan Cohen won the dismissal on Tuesday of a shareholder lawsuit accusing him of profitably cashing out of Bed Bath[...]
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