By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Financial market trading in many Asian countries could be choppy on Friday, with investors hoping to close out a remarkabl[...]
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August 29, 2024
Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
By Jonathan Stempel NEW YORK (Reuters) -Elon Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency dogec[...]
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Japan July jobless rate rises to 2.7%, job availability edges up
TOKYO (Reuters) – Japan’s jobless rate in July rose to 2.7% from 2.5% in June, government data showed on Friday. The seasonally adjusted unemployment rate compared with economists’ m[...]
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Dell raises forecasts as demand surges for Nvidia powered AI servers
By Jaspreet Singh (Reuters) -Dell Technologies raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its AI-optimized servers that are powered by Nvidia’s powerful chi[...]
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Analysis-China’s interest rate reform will be ‘arduous, long’ process
By Kevin Yao BEIJING (Reuters) – China’s central bank wants to shift its policy framework to target the cost of credit rather than its size, but liquidity risks and uncooperative markets a[...]
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Factbox-The Chinese central bank’s policy arsenal
BEIJING (Reuters) – The People’s Bank of China (PBOC) aims to create a more market-driven interest rate curve and move away from quantitative policy tools to help wean the economy off stat[...]
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Stocks ease past Nvidia blues, crude oil rebounds
By Chibuike Oguh NEW YORK (Reuters) -Global shares edged higher on Thursday, shrugging off investor disappointment at artificial intelligence powerhouse Nvidia’s results, while oil prices reboun[...]
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Dow closes at record high, Nvidia falls after forecast
By Johann M Cherian and Noel Randewich (Reuters) – The Dow notched a record high close on Thursday in mixed trading following robust U.S. economic data, while artificial intelligence chipmaker N[...]
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Gap’s turnaround efforts drive quarterly beat in surprise early announcement
By Ananya Mariam Rajesh (Reuters) -Gap on Thursday surpassed Wall Street expectations for the second quarter, as a surprise early announcement of its results showed shoppers turned to its Old Navy and[...]
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