Reuters Financial News
18.08 / 12:43
Lowe's
Reuters
Gap
show
track
safe
Safe-haven dollar hovers around 2-month high on China woes, high rates fear
dollar hovered around a two-month high on Friday, set for a fifth consecutive week of gains in the longest winning streak for 15 months, buoyed by demand for safer assets on worries over China's economy and bets U.S. interest rates will stay high. The People's Bank of China (PBOC) set a much-stronger-than-expected daily fixing, lifting the yuan from a 9-month low hit on Thursday, while sterling fell after British retail sales weakened more than expected in July.
18.08 / 12:29
Reuters
beautiful
2024
Estée Lauder 2024 sales, profit forecasts miss estimates
Investing.com — Estée Lauder (NYSE:EL) has delivered annual profit and net sales forecasts that were under market expectations, in a sign that the beauty giant is facing a slower-than-anticipated recovery in its travel retail business in China.
18.08 / 09:15
18.08 / 07:39
Lowe's
Reuters
Yellow
Gold rate today: Yellow metal gains as US dollar, yields retreat; may face resistance at ₹59,800 per 10 grams
₹58,398 per 10 grams as against the previous close of ₹58,290 and the opening price of ₹58,370 on the MCX. Silver futures traded 0.54 percent higher at ₹70,394 per kg. International gold rate rose from 5-month lows as the US dollar and bond yields slightly retreated from highs.
18.08 / 06:07
COST
Reuters
Digital
Software
Nestle
generative AI
Why big advertisers like Nestle, Oreo, Unilever turning from men to machine generative AI, despite security concerns?
Nestle to consumer goods multinational Unilever, are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say. But many companies remain wary of security and copyright risks as well as the dangers of unintended biases baked into the raw information feeding the software, meaning humans will remain part of the process for the foreseeable future.
18.08 / 04:49
Reuters
Yasin Malik's wife included in Pakistan caretaker PM's cabinet
Pakistan's caretaker Prime Minister Anwaar-ul-Haq Kakar has included Mishaal Hussain Malik, wife of jailed terrorist and Jammu Kashmir Liberation Front (JKLF) chief Yasin Malik, in his cabinet, Reuters reported. Yasin Malik was convicted by National Investigation Agency (NIA) court in terror funding cases and sentenced to life imprisonment on May 25, 2022. Mishaal Hussain Malik has been appointed as Pakistan's Minister for Human Rights, Reuters reported.
18.08 / 03:51
Lowe's
Reuters
NIFTY
SENSEX
Rupee opens 13 paise higher at 83.02 as US dollar retreats
rupee slumped 20 paise to end at a record closing low level of 83.15 a dollar. US July industrial production, retail sales and housing data pointed to a sound beginning to the third quarter.
18.08 / 03:39
COST
UPS
Target
Reuters
ArcelorMittal weighs possible bid for US Steel
ArcelorMittal SA, the world's second-largest steelmaker, is considering a potential offer for U.S. Steel Corp, three people familiar with the matter said on Wednesday. The combination would reverse ArcelorMittal's retreat from the United States as a production base after it sold most of its operations to Cleveland-Cliffs Inc in 2020 for $1.4 billion to focus on growing markets such as India and Brazil.
18.08 / 03:27
Reuters
country
China in need for a big debt restructuring, says legendary investor Ray Dalio
Read here: China's real estate giant Evergrande files for bankruptcy protection in US, seeks restructuring deal Dalio’s $125 billion hedge fund Bridgewater Associates, in which he is also a member of the operating board, is an investor in China and also offers funds for Chinese investors. Last year, Bridgewater doubled its fund assets in China to more than 20 billion yuan ($2.74 billion), cementing its position as the biggest foreign hedge fund in the country, Reuters reported.
18.08 / 03:27
Reuters
Waters
Action
ICE
country
Chandrayaan 3: 10 frequently asked questions about latest ISRO lunar mission
Chandrayaan-3, the ‘Vikram’ lander module of the spacecraft successfully separated from the propulsion module on Thursday. Here are the top 10 frequently asked questions about the Chandrayaan-3. Former ISRO scientist and Padma Shri awardee Mylswamy Annadurai while speaking to ANI said, “So now the important and final thing is… softly and securely landing on the moon.
18.08 / 03:17
MET
Reuters
VISA
love
Yasin Malik's wife Mishaal Hussain Malik enters Pakistan's interim govt. What's her India connection?
Reuters. Yasin Malik, the chief of the Jammu Kashmir Liberation Front (JKLF), had been found guilty by a National Investigation Agency (NIA) court in terror funding cases and was sentenced to life imprisonment on May 25, 2022. Mishaal Hussain Malik, a Pakistani national, is married to Yasin Malik who is the chief of the Jammu Kashmir Liberation Front (JKLF) in India.
18.08 / 02:59
Reuters
Microsoft
Platform
Software
Microsoft plans AI service with Databricks that could hurt OpenAI: report
Microsoft is planning to start selling a new version of Databricks software that helps customers make AI apps for their businesses, The Information reported on Thursday, citing people with direct knowledge of the plan. Databricks — a data analytics platform that uses artificial intelligence, which Microsoft would sell through its Azure cloud-server unit — helps companies make AI models from scratch or repurpose open-source models as an alternative to licensing OpenAI's proprietary ones, the report added.
18.08 / 02:09
18.08 / 01:19
17.08 / 22:21
17.08 / 19:39
Reuters
Google
Racing
Coherent
Top ex-Google Brain researchers start AI research company in Tokyo
Google researchers, one of whom was a co-inventor of the «transformer» artificial intelligence architecture that paved the way for the generative AI boom, announced on Thursday they had started a new AI company based in Tokyo. Sakana AI, founded by David Ha and Llion Jones, declined to disclose funding details.
17.08 / 19:39
UPS
Reuters
Disney
Intel
SpaceX
WSJ
elon
Elon Musk's SpaceX turns profit in first quarter as revenue soars: WSJ report
SpaceX's surging revenue helped it turn a small profit in the first quarter of 2023 after two annual losses, the Wall Street Journal reported on Thursday, citing documents. The company generated $55 million in profit on $1.5 billion in revenue during the January-to-March period, according to the report.
17.08 / 19:35
17.08 / 19:17
BLOCK
Reuters
track
electronic
Nazi
Senators
NOT
US Senators say Credit Suisse did not review all records when probing Nazi-linked accounts
By Chris Prentice and Brenna Hughes Neghaiwi
17.08 / 18:11
17.08 / 17:13
UPS
Reuters
Walmart
show
Walmart Q2 results: Profit jumps 53% at $7.9 billion
Reuters citing Walmart chief financial officer (CFO) John David Rainey, shoppers are still “choiceful and discerning" and are focused on buying food and health and wellness products. Shoppers also responded strongly to seasonal events, such as the Memorial Day and July 4 holidays as well as the back-to-school season, indicating that the consumer is not compromising and showing a willingness to spend, Rainey told Reuters.
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