By Arsheeya Bajwa and Max A. Cherney (Reuters) -Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its[...]
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Articles written by Reuters
Analysis-HSBC Cost Conundrum Intensifies Investor Bank Scrutiny
By Sinead Cruise and Lawrence White LONDON (Reuters) – Climbing costs at HSBC have added to growing investor concerns about how big banks manage their expenses, putting executives under pressure[...]
Read moreHost Hotels & Resorts Forecasts 2024 Revenue Above Estimates on Business Travel Recovery
(Reuters) – Real estate investment trust Host Hotels & Resorts forecast on Wednesday its 2024 revenue to be higher than Wall Street estimates, anticipating a continued recovery in demand for[...]
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Private U.S. Moon Lander Reaches Lunar Orbit Ahead of Touchdown Attempt
By Steve Gorman (Reuters) -A moon lander built by Houston-based company Intuitive Machines reached lunar orbit on Wednesday, heading for an attempt at the first U.S. touchdown on Earth’s nearest[...]
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Royal Caribbean Boosts Annual Profit Forecast on Strong Cruise Demand
(Reuters) – Royal Caribbean Group on Wednesday raised its annual profit forecast as the company benefits from strong cruise demand during the key ‘wave season’ and robust on-board sp[...]
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Rivian Cuts Jobs, Forecasts Annual Production Below Estimates
By Akash Sriram and Abhirup Roy (Reuters) -Rivian said on Wednesday it would cut its workforce by 10% and forecast EV production for this year that widely missed estimates, hurt by downtime for factor[...]
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Apple Rolls Out Imessage Upgrade To Withstand Decryption By Quantum Computers
By Christopher Bing and Raphael Satter WASHINGTON (Reuters) – Apple is rolling out an upgrade to its iMessage texting platform to defend against future encryption-breaking technologies. The new[...]
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Yields rise on Fed fears of cutting rates too soon, stocks mixed
By Herbert Lash NEW YORK (Reuters) -Treasury yields rose on Wednesday after minutes from the Federal Reserve’s last meeting showed concerns about cutting interest rates too soon, while global sh[...]
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Conference Board gives up on U.S. recession call
(Reuters) -The Conference Board on Tuesday abandoned a long-running call for the U.S. economy to fall into recession, although its Leading Economic Index still sees economic output flatlining in the m[...]
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