Explore

Crypto shares climb after Treasury's doubled buybacks boost risk assets

Crypto shares climb after Treasury's doubled buybacks boost risk assets

By Pritam Biswas, Arasu Kannagi Basil and Hannah Lang Aug 20 (Reuters) - Cryptocurrency-related stocks surged on Thursday, a day after the U.S. Treasury Department said it would support more long-duration bonds, boosting risk assets, and as U.S.

Shein postpones Hong Kong debut to September, SCMP reports

Shein postpones Hong Kong debut to September, SCMP reports

Aug 20 (Reuters) - Shein has pushed back its market debut in Hong Kong until September following a slight delay in taking investor orders for the fast-fashion retailer's IPO at a reduced valuation, the South China Morning Post reported on Thursday.

Wall St indexes fall to two-week lows as rising bond yields, disappointing Walmart results drag

Wall St indexes fall to two-week lows as rising bond yields, disappointing Walmart results drag

By Sinéad Carew and Avinash P Aug 20 (Reuters) - The main U.S. stock indexes fell on Thursday and hovered near two-week lows, as rising Treasury yields dented risk appetite and disappointing results from retail bellwether Walmart added pressure along with rallying oil prices.

Tech stocks weigh on Wall Street as Iran stalemate lifts oil, yields

Tech stocks weigh on Wall Street as Iran stalemate lifts oil, yields

By Shashwat Chauhan and Purvi Agarwal Aug 18 (Reuters) - Wall Street's main indexes fell to about two-week lows on Tuesday, pressured by losses in heavyweight technology stocks, while fading hopes for a U.S.-Iran peace deal sustained gains in oil prices and kept government bond yields at multi-year

Tech selloff pulls Wall Street to two-week lows as bond yields climb

Tech selloff pulls Wall Street to two-week lows as bond yields climb

By Shashwat Chauhan and Purvi Agarwal Aug 18 (Reuters) - The S&P 500 hit a two-week low on Tuesday and the Nasdaq Composite sank more than 1% with semiconductors leading declines in the heavyweight technology sector as multi-year peaks in bond yields fed concerns about borrowing costs.

Marvell gives Google option to buy $12.2 billion stake in custom AI chip deal

Marvell gives Google option to buy $12.2 billion stake in custom AI chip deal

By Anhata Rooprai Aug 19 (Reuters) - Marvell Technology will help develop Google's in-demand custom chips and has offered the search giant the right to buy a potential $12.2 billion stake, the latest deal in which Big Tech is investing in the suppliers powering its AI build-out.

Estee Lauder forecasts strong annual profit on resilient fragrance demand

Estee Lauder forecasts strong annual profit on resilient fragrance demand

Aug 19 (Reuters) - Estee Lauder forecast annual profit above Wall Street estimates on Wednesday, betting on sustained demand for premium fragrances and strong performance in key market China, as gains from its CEO's turnaround strategy continue to build.

US stocks set for lower open as Iran stalemate lifts oil, yields

US stocks set for lower open as Iran stalemate lifts oil, yields

By Shashwat Chauhan and Purvi Agarwal Aug 18 (Reuters) - U.S. stocks were set to open lower on Tuesday, as diminishing prospects for a peace deal between the United States and Iran kept oil prices elevated and government bond yields at multi-year peaks.

Marvell gives Google option to buy $12.2 billion stake in custom chip deal

Marvell gives Google option to buy $12.2 billion stake in custom chip deal

Aug 19 (Reuters) - Marvell Technology will help develop Google's in-demand custom chips and has given the tech giant the option to become one of its biggest investors through a stake purchase of as much as $12.2 billion, in its latest move to tap the AI boom.

Estee Lauder bets on fragrances and skincare to deliver strong annual profit

Estee Lauder bets on fragrances and skincare to deliver strong annual profit

By Arriana McLymore and Anuja Bharat Mistry Aug 19 (Reuters) - Estee Lauder forecast annual profit above many Wall Street estimates on Wednesday, betting its CEO's turnaround strategy would deliver sustained demand for luxury fragrances and strong performance in major growth market China.

Bank of America doubles down on Nvidia stock despite big risk

Bank of America doubles down on Nvidia stock despite big risk

One growing concern is not shaking the bank’s conviction

OpenAI unveils ChatGPT for Teens with stronger guardrails, parental controls

OpenAI unveils ChatGPT for Teens with stronger guardrails, parental controls

Aug 18 (Reuters) - OpenAI introduced "ChatGPT for Teens" on Tuesday, tailored for minors with parental controls and enhanced security features in place, as platforms face fierce criticism over the risks associated with AI chatbots.