By Ann Saphir (Reuters) -The U.S. Federal Reserve is likely done raising interest rates, traders bet on Friday after a…
US construction spending rises strongly in July on single-family housing
WASHINGTON (Reuters) – U.S. construction spending increased solidly in July as a shortage of houses on the market boosted outlays…
Broadcom falls as forecast pales before Nvidia’s blowout results
(Reuters) -Broadcom shares fell nearly 5% on Friday as the semiconductor maker’s quarterly revenue forecast fell short of investors’ lofty…
Nvidia’s market cap climbs amid tech turbulence in August
(Reuters) – Nvidia Corp’s market capitalization climbed higher in August thanks to its strong profit forecasts, which defied the broader…
Lululemon says third quarter off to “solid start” as N.America improves
By Granth Vanaik (Reuters) -Lululemon Athletica said on Thursday its third quarter was “off to a solid start” as the…
Broadcom forecasts quarterly revenue below expectations on broader demand weakness
(Reuters) – Broadcom forecast fourth-quarter revenue slightly below Wall Street estimates on Thursday, on worries bleak enterprise spending and stiff…
Qatar records $2.74 billion budget surplus in Q2, spending up sharply
By Rachna Uppal (Reuters) – Qatar recorded a budget surplus of 10 billion riyals ($2.74 billion) in the second quarter…
Factbox-What are global companies saying about China’s economy?
(Reuters) – United States Commerce Secretary Gina Raimondo has said U.S. companies have raised concerns that China has become “uninvestible”,…
Salesforce lifts annual forecast as business software demand stays strong
By Zaheer Kachwala (Reuters) -Salesforce raised its annual revenue forecast on Wednesday and projected quarterly sales above estimates as it…
Biden plan would guarantee overtime pay for 3.6 million workers
By Daniel Wiessner (Reuters) -The administration of U.S. President Joe Biden on Wednesday moved to extend mandatory overtime pay to…