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By Wayne Cole SYDNEY, Aug 24 (Reuters) - Share markets were flat in Asia on Monday and oil prices eased as investors awaited details of threatened U.S. sanctions on Iran due later in the session,
Tesla Inc. is recalling 2.98 million vehicles in China, its largest recall ever in the country, because passengers may be unable to find and use the emergency door releases after a crash cuts power. Bloomberg has identified at least 15...
The company’s turnaround efforts are paying off, and now Target is trying to share the wealth with shoppers.
Las Vegas tourism has been declining, but that’s only part of the story behind Delta Air Lines’ latest route cuts.
<body><p>STORY: U.S. stock indexes closed higher Friday with the Dow gaining about 1 percent and the S&P 500 and Nasdaq rising about four-tenths of one percent each.</p><p>:: Archive</p><p>All three fell for the week as investors were rattled by fluctuating government bond yields and a lack of clarity on progress in the Middle East.</p><p>Friday’s economic data eased concerns, as the U.S. services sector posted its strongest growth in nearly two years powering a sharp acceleration in overall business activity in August. </p><p>This offset a slowing of growth in a manufacturing sector that is being restrained by reduced stock building and supply disruptions from the Iran war.</p><p>Earlier, UBS Global Wealth Management raised its year-end target for the S&P 500 to 8,100, citing a stronger earnings outlook and robust corporate profit growth.</p><p>Kevin Mahn, president and chief investment officer with Hennion & Walsh Asset Management says he expects a bumpy road for stocks in the near term but believes they will finish 2026 on solid footing.</p><p>"So I believe that the market is likely headed for more short-term bouts of volatility up to and through these midterm elections." //</p><p>"But I also believe that once we have some clarity after the midterm elections, in all likelihood, some type of lasting deal between the US and Iran, moderating inflation, and also continued strong earnings, not just from technology companies, but all S&P 500 companies will have a very strong close to the year. "</p><p>Stocks on the move included Ross Stores which added 4 percent after the value retailer raised its annual profit forecasts and reported better-than-expected quarterly results.</p><p>And retail investor platform Robinhood surged nearly 14% as bitcoin touched its highest levels since mid-May.</p></body>
Wall Street may still be underestimating Nvidia's AI momentum
The market is demanding proof that AMD can convert enormous customer agreements into profitable accelerator deployments.
The two chains have been performing strongly, and the scares should have a temporary effect on sales.
(Updated with response from Meta spokesperson in the seventh paragraph.) Meta Platforms (META), A
Walmart Inc.'s quarterly sales fell short of expectations, a rare miss that's likely to stoke concern about the leading big-box retailer decelerating alongside a slow-growing US economy. Sales at US stores open at least a year, excluding fuel, rose 2.6% in the second quarter, shy of the lowest analyst estimate compiled by Bloomberg. That rate of growth hindered primarily by pricing pressure in its pharmacy business is the slowest in more than six years. Walmart shares fell as much as 10%, the most intraday since 2022, in New York trading on Thursday, erasing a modest year-to-date gain through the previous day's close. We get reaction from Poonam Goyal, Senior US Retail Analyst for Bloomberg Intelligence.
Even at its lowest in 12 years, NKE stock has still not hit rock bottom.
Oura rings are popular tools for measuring how well Americans sleep. A new lawsuit alleges, however, that much of the data is really hogwash.
(Updated with response from Google spokesperson in sixth paragraph.) Meta Platforms (META), Alpha
Nearly 1 million vehicles under review after 499 complaints
Walmart Stock Gets Hit Again as Goldman Slashes Target to $130
Millions of vehicles need software fixes tied to safety concerns.
Federal auto-safety regulators are opening an investigation into nearly one million General Motors pickup trucks and sport-utility vehicles after receiving hundreds of reports of engine failures. The National Highway Traffic Safety Administration said Friday it was launching the probe into vehicles equipped with a particular GM V-8 engine that had already been the subject of an earlier recall. The regulator has received nearly 500 complaints alleging engine failure in vehicles that had already been serviced under recall, including nearly two dozen that required complete engine replacements.
Bitcoin (CRYPTO: $BTC) mining operator Poolin Technology has filed for Chapter 11 bankruptcy.
Tesla Inc. (NASDAQ:TSLA) is recalling 2.98 million vehicles in China, its largest recall ever in the country, because passengers may be unable to find and use the emergency door releases after a crash cuts power. Bloomberg has identified at least...
(Updated with response from Snap spokesperson in fifth paragraph.) Meta Platforms (META), Alphabe
The president's repeated calls for lower interest rates are falling on deaf ears amid elevated inflation that's primarily been driven by his policies.
Aug 21 (Reuters) - U.S. stock index futures inched up on Friday following a battering in the last session, in a week that saw elevated government bond yields and heightened geopolitical tensions weigh
National Highway Traffic Safety Administration said on Friday it has opened a probe into 997,743 General Motors pickup trucks and SUVs over concerns related to engine failure. The vehicles include the Cadillac Escalade, Chevrolet Silverado 1500 and GMC Yukon, among others, from model years 2021-2026 equipped with GM's L87 engines.
Aug 21 (Reuters) - Global equity funds drew their largest weekly inflows in three weeks through August 19 as investors bet on a strong earnings season, though rising bond yields and oil prices began
Meta Platforms (META), Alphabet's (GOOGL) Google and Snap (SNAP) face one fewer teen social media ad
U.S. stocks fell yesterday, with the Dow closing down nearly 700 points, more than 1%. Walmart slumped 9% percent after the retailer reported its smallest sales gain in more than six years as some Americans continue to spend cautiously.
South Korea plans to create a new fund to channel tax windfalls from the country's semiconductor boom into supporting younger generations and invest in future growth industries such as artificial intelligence, the budget ministry said on Friday. The proposed "Future Response Fund" would finance programmes aimed at helping young people find jobs, buy homes and start families, while also supporting investments in AI, regional development and talent development, according to a ministry press release. The fund would be financed mainly by tax revenue exceeding a benchmark based on the average growth in domestic tax receipts over the past decade.
The country’s largest bank filed six layoff notices between February and July, impacting nearly 800 employees in Texas, New Jersey, and California.
The AI-hardware maker’s board found no evidence CEO Charles Liang knew anything about alleged chip smuggling but a pending trial could bring more legal exposure to the beleaguered company.
Cloud growth accelerated sharply, but infrastructure spending and weak adjusted earnings dominated the reaction.
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