(Reuters) -Chinese property developer Kaisa Group said on Thursday it expects to report a bigger net loss for the first half of the year, hurt by a decline in property deliveries and higher impairment[...]
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August 21, 2024
Wolfspeed forecasts weak first-quarter revenue on manufacturing issues
(Reuters) – Wolfspeed forecast first-quarter revenue below estimates on Wednesday, anticipating manufacturing issues that could affect its production capacity amid slowing EV sales. Shares of th[...]
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Wall Street muted as investors look to Fed to confirm rate cuts
By Lawrence Delevingne and Huw Jones (Reuters) -Global shares idled on Wednesday after a lengthy rebound propelled them towards recent record highs, and as investors awaited confirmation that the U.S.[...]
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Walt Disney tasks Morgan Stanley’s Gorman to lead CEO search
By Tanay Dhumal (Reuters) -Walt Disney on Wednesday named board member and Morgan Stanley executive chairman James Gorman to chair its succession planning committee, which is looking for a replacement[...]
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Zoom lifts revenue forecast on growing demand for AI tools used in hybrid work
By Juby Babu (Reuters) -Zoom Video Communications raised its annual revenue forecast on Wednesday, driven by strong demand for its AI-powered collaboration tools deployed in hybrid work models, and sa[...]
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Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes
By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced on Wednesday amid range-bound trading after investors parsed a steep downward revision in payrolls, and the release of the minutes from the mos[...]
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TD Bank sets aside $2.6 billion more for US anti-money laundering penalties, lowers Schwab stake
By Nivedita Balu and Manya Saini TORONTO (Reuters) -Canada’s TD Bank Group said it would set aside $2.6 billion more for penalties related to U.S. regulatory probes into deficiencies in its anti[...]
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Microsoft rejigs reporting on business units, offers clarity on AI benefits
(Reuters) -Microsoft on Wednesday restructured how it reports results for its business units, moving some search and news advertising revenue under the Azure cloud-computing unit as the tech giant loo[...]
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Morning Bid: Bank of Korea eyed, US yields slide
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The Bank of Korea’s interest rate decision and guidance take center stage in Asia on Thursday, as investors digest r[...]
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