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China's GDP growth appears on track to meet its full-year target, reducing the need for sizable stimulus to come, Citi analysts say in a note. They note Beijing seems satisfied with current growth momentum based on its announcements.
The central bank that Wall Street has become accustomed to may be on the verge of significant change.
Samsung Electronics on Thursday proposed that its South Korean labour union resume pay talks after government-mediated negotiations fell apart, a union leader said, citing a letter from the company. South Korea's Labour Commission also called on the two sides to hold another round of government-mediated talks on Saturday in a bid to avert a threatened lengthy strike. "There is no reason to continue the dialogue without institutionalisation and transparency," union representative Choi Seung-ho said in response to the letter, referring to the union's demand for an overhaul of Samsung's bonus scheme.
Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) reported higher production, stronger refinery utilization and continued investment in upstream projects during the first quarter of 2026, while executives said the company is monitoring fuel-price volatility and prioritizing capital discipline. Chief E
The price of Bitcoin was rising slightly but stayed below $80,000 after falling to a one-week low in the previous session. Higher-than-expected U.S. inflation data for April on Tuesday reduced the prospect of interest-rate cuts by the Federal Reserve, denting risk appetite and boosting the dollar.
The S&P 500 rose 0.6%, and the Nasdaq Composite added 1.2%. The president and a group of top business leaders are attending a summit with Chinese leader Xi Jinping. Kevin Warsh passed the final Senate vote hurdle.
Foxconn Technology Group reported robust first-quarter revenue and profit as it ramped up production of server racks, other advanced equipment and consumer devices for the global artificial-intelligence buildout.
(Bloomberg) -- Bankers were still putting the final touches on Alphabet Inc.’s blockbuster $17 billion of bond sales when word started to spread Monday morning on Wall Street: the company is already hawking more debt.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summit With Iran War in LimboThis
(Bloomberg) -- Xi Jinping signaled China is moving toward greater openness, striking an upbeat note during his meeting with US business leaders accompanying Donald Trump as the two presidents wrapped up morning talks that featured more divisive issues like trade and Taiwan.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Land
Applied Materials reports earnings Thursday as investors look for signs that AI-driven chip spending can outweigh slowing sales growth in China.
Top Pension officials from New York and California have written to SpaceX CEO Elon Musk, expressing concern over the “extreme” governance structure of the commercial space flight company ahead of its public listing. Comptrollers Express Concern New York State Comptroller Thomas DiNapoli, as well as New York City Comptroller Mark Levine and California Public Employees’ Retirement System (CalPERS) CEO Marcie Frost, wrote a letter to Musk, accessed by Reuters on Wednesday. Notably, CalPERS had also
Political pressure is building for consumer rebates after Sen. Mark Kelly (D-Ariz.) on Wednesday accused the administration's tariff policy of raising costs for households while allowing major corporations to retain the financial benefits. In a post on X, Kelly said, "Americans have paid the real price of this administration’s chaotic tariff policy. The savings should go back to them, not big corporations who raised prices and did just fine." Americans have paid the real price of this administra
(Bloomberg) -- President Donald Trump became the first US leader in almost a decade to visit China when he landed in Beijing on Wednesday. His much-anticipated two-day summit with President Xi Jinping — delayed from March due to the Iran war — offers the leaders of the world’s two largest economies a chance to reset personal ties and look for common ground on trade, technology and a range of other contentious topics. Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday,
The Senate narrowly confirmed Kevin Warsh as the next Federal Reserve Chair in a deeply divided 54-45 vote. The contentious appointment immediately drew fierce criticism from prominent economists and Democrats who fear the move severely threatens the central bank’s historical independence. Progressive Backlash And Identity Crisis Leading the opposition, Senator Elizabeth Warren (D-Mass.) blasted the incoming Chair’s motives and loyalties. “Trump wants to control interest rates, and he nominated
OppFi (NYSE:OPFI) reported higher first-quarter 2026 revenue but lower adjusted earnings as elevated charge-offs offset growth in receivables, while management emphasized a series of strategic moves aimed at reshaping the company into a broader technology-enabled banking platform. Executive Chairma
ON (NYSE:ONON) reported what executives described as an “outstanding” start to 2026, with first-quarter net sales surpassing CHF 800 million for the first time and profitability expanding as the company reiterated its full-year growth outlook. Net sales reached CHF 831.9 million in the quarter, up
Montrose Environmental Group (NYSE:ONT), now operating under the Onterris brand, reported lower first-quarter revenue as severe winter weather and reduced environmental emergency response activity weighed on results, but management reiterated its full-year outlook and pointed to stronger profitabili
Donald Trump’s state visit to China gives the US president an opportunity to distract attention from his war with Iran and troubles at home,...
May 14 (Reuters) - In China, Elon Musk has been the object of love - and occasional loathing.
(Bloomberg) -- It’s not just US retail investors piling into any asset connected to space exploration. Europeans want in, too. Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summit With Iran War in LimboShares in British SpaceX supplier Filtronic Plc are up 257% in a year, while German satellite
The S&P 500 just pulled off something with only one precedent in more than four decades, and a strategist at one of the world's largest asset managers boiled the entire episode down to three words that every equity investor needs to hear. Chris Galipeau, senior market strategist at the Franklin ...
Doximity (NYSE:DOCS) reported fiscal fourth-quarter revenue above the high end of its guidance and said it is entering what management called an “AI investment year,” with higher spending planned for artificial intelligence products even as near-term growth in the digital pharma advertising market r
Cisco Systems Inc (CSCO) reports a 12% revenue increase driven by strong AI demand, despite challenges in services revenue and gross margin.
Wall Street is poised to open with gains Thursday following another record-setting day and developments emerging from U.S. President Donald Trump’s summit with Chinese leader Xi Jinping in Beijing. Oil prices were effectively unchanged, with no clear ending to the Iran war after more than two months. On Thursday, the White House said Trump and Xi discussed enhancing U.S.-China economic cooperation.
Enovix Corp (ENVX) reports a 49% revenue increase and strategic advancements in battery technology, despite ongoing operational challenges.
Spire Global Inc (SPIR) surpasses revenue expectations but faces profitability hurdles and delivery risks.
Aeluma Inc (ALMU) leverages innovative technologies and strategic partnerships to navigate supply chain constraints and secure future growth, despite current revenue setbacks.
BEIJING, May 14 (Reuters) - Nvidia CEO Jensen Huang told state broadcaster CCTV on Thursday that he hoped U.S.
USA Rare Earth (NASDAQ:USAR) said its first quarter was marked by a series of strategic transactions intended to turn the company into a fully integrated rare earths platform spanning mining, processing, metals and magnet production. On the company’s first-quarter 2026 earnings call, Chief Executiv
