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Wall Street rallies as strong inflation data cements rate-hike bets

Wall Street rallies as strong inflation data cements rate-hike bets

By Noel Randewich and Tharuniyaa Lakshmi Sept 11 (Reuters) - Wall Street rallied on Friday as oil prices retreated and strong consumer price data reinforced expectations the Federal Reserve will raise interest rates next week to fight inflation. Dell soared 11% to a record high.
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S&P 500 ends higher as strong inflation data cements rate-hike bets

S&P 500 ends higher as strong inflation data cements rate-hike bets

By Noel Randewich Sept 11 (Reuters) - Wall Street ended higher on Friday as oil prices retreated and strong consumer price data reinforced expectations the Federal Reserve will raise interest rates next week to fight inflation. AI server maker Dell soared 12% to a record high.
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Wall St climbs after August inflation report, oil price slide

Wall St climbs after August inflation report, oil price slide

By Tharuniyaa Lakshmi Sept 11 (Reuters) - The main U.S. stock indexes rose on Friday, putting them on track to end a rough week on a positive note, even as data showed consumer prices accelerated in August.
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Wall St bounces as oil cools, inflation risks keeps Fed in focus

Wall St bounces as oil cools, inflation risks keeps Fed in focus

By Tharuniyaa Lakshmi and Niket Nishant Sept 11 (Reuters) - The main U.S. stock indexes rose on Friday as a pullback in oil prices offered relief, setting stocks on course to end a rough week on a positive note though data showed consumer price inflation accelerated in August.
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Wall St futures recover as oil slides ahead of inflation test

Wall St futures recover as oil slides ahead of inflation test

Sept 11 (Reuters) - U.S. stock index futures bounced back as oil prices cooled on Friday and investors pinned their hopes on the consumer inflation report to end a rough week on a positive note.
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Oracle climbs as AI-fueled backlog growth deflects spending worries

Oracle climbs as AI-fueled backlog growth deflects spending worries

By Deborah Mary Sophia Sept 11 (Reuters) - Oracle shares rose 6% before the bell on Friday after it reported a $26 billion jump in first-quarter revenue backlog, proving its massive debt-driven spending spree on data centers was powering strong growth in its cloud business.
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Oracle to spend $700 million more on restructuring costs as it ramps up AI spending

Oracle to spend $700 million more on restructuring costs as it ramps up AI spending

By Deborah Mary Sophia Sept 11 (Reuters) - Oracle said restructuring costs, part of a plan that includes job cuts, will rise about $700 million as the cloud company seeks to rein in costs while spending billions to capitalize on booming demand for artificial intelligence services.
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Wall St futures muted as oil tops $100 for first time since July

Wall St futures muted as oil tops $100 for first time since July

Sept 9 (Reuters) - U.S. stock index futures were subdued on Wednesday as oil prices blew past $100 for the first time since July amid an intensifying Middle East conflict, keeping investors cautious ahead of inflation data later this week.
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Macy's raises annual forecasts as Bloomingdale's drives growth

Macy's raises annual forecasts as Bloomingdale's drives growth

Sept 10 (Reuters) - Macy's raised its annual sales and profit forecasts on Thursday after stronger performance at its upmarket Bloomingdale's and Bluemercury chains as higher-income shoppers keep spending despite broader economic uncertainty.
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Oracle tops estimates as AI demand tempers cash-burn fears

Oracle tops estimates as AI demand tempers cash-burn fears

Sept 10 (Reuters) - Oracle topped Wall Street estimates for quarterly results on Thursday and reported a smaller cash burn than expected, offering investors confidence that its hefty AI investments were generating solid returns without squeezing its balance sheet.
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Signet Jewelers Raises Annual Profit Forecast Amid Strong Demand for Pricier Jewelry

Signet Jewelers Raises Annual Profit Forecast Amid Strong Demand for Pricier Jewelry

Signet Jewelers Raises Annual Profit Forecast Amid Strong Demand for Pricier Jewelry
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Analysis-Samsung, SK Hynix payouts test South Korea's reform drive as investors seek more

Analysis-Samsung, SK Hynix payouts test South Korea's reform drive as investors seek more

By Ankur Banerjee and Hyunjoo Jin SINGAPORE/SEOUL, Sept 10 (Reuters) - Eye-popping shareholder-return plans from Samsung Electronics and SK Hynix have become an early test of South Korea's corporate reform drive, with investors welcoming the windfall but saying more is needed to narrow the country's