(Reuters) – Shares of Nvidia rose more than 3% in hefty trading volume on Tuesday after two brokerages raised their price targets for the chipmaker, heightening already lofty expectations ahead of its quarterly earnings report next week. The world’s most valuable semiconductor company has been at the center of a rally in technology stocks this…
MOSCOW (Reuters) – A fire at a fuel station in the southern Russian region of Dagestan late on Monday killed 35 people, Russia’s emergency services ministry said on Tuesday. The fire started at an auto repair shop on the roadside of a highway in Dagestani capital Makhachkala on Monday night and caused blasts as it…
(Reuters) – Canada’s corporate ethics watchdog said on Tuesday it was investigating Ralph Lauren’s Canada unit to probe allegations the apparel retailer’s supply chain and operations in China used or benefited from the use of Uyghur forced labor. The Canadian Ombudsperson for Responsible Enterprise (CORE) said it had published an initial assessment report after complaints…
BRASILIA (Reuters) -Brazil will likely need to upwardly revise its inflation estimates, central bank Governor Roberto Campos Neto said on Tuesday, after state-run oil giant Petrobras announced a fuel price hike earlier in the day. According to Campos Neto, who was speaking at an event hosted by lawmakers, the move’s impact on inflation is expected…
By Sarah Morland and Marion Giraldo (Reuters) – Grupo SURA, Colombia’s largest investment company, on Tuesday cut its 2023 net profit forecast to between 2,400 and 2,700 pesos per share, following an agreement earlier this year to divest its stake in food processing firm Nutresa. However, the group, which had previously forecast a profit of…
By Tom Hals WILMINGTON, Delaware (Reuters) – The criminal case against former U.S. President Donald Trump for attempting to overturn the 2020 election in Georgia will be handled by the newest judge on the court, a former prosecutor who once worked in the same office as Fulton County District Attorney Fani Willis. Fulton County Superior…
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of U.S. banks dropped on Tuesday as the prospect of tighter regulations and a possible downgrade of several lenders by Fitch Ratings raised investor concerns over the health of the sector. Federal Deposit Insurance Corporation Chairman Martin Gruenberg said in a speech on Monday that the agency…
(Reuters) -Money-losing private jet charter company Wheels Up Experience said on Tuesday it would give up 95% of its common stock in return for a $500 million lifeline from Delta Air Lines and two investment firms. The company said on Monday it was considering its options, including filing for bankruptcy protection. It also reported a…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased more than expected in July as Americans boosted online purchases and dined out more, suggesting the economy continued to expand early in the third quarter and keeping a recession at bay. The report from the Commerce Department on Tuesday also showed consumers splurging on hobbies,…
WASHINGTON (Reuters) – The White House said on Tuesday that they do not see any reason to have a government shutdown next month, after negotiating a bipartisan budget agreement earlier this year. (Reporting by Jeff Mason; Writing by Trevor Hunnicutt)
