By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are expecting Nvidia’s upcoming earnings report to spark a more than $300 billion swing in the shares of the world’s most dominant artificial intelligence chipmaker. Options pricing shows that traders anticipate a move of around 9.8% in the company’s shares…
(Reuters) -The owners of the National Football League (NFL) have allowed some private equity firms to buy up to a 10% stake in a team, the NFL said on Wednesday. Firms initially approved by the NFL include Ares Management, Arctos Partners and Sixth Street in addition to a consortium comprising Blackstone, Carlyle, CVC and Dynasty…
(Reuters) – Federal Reserve Bank of Chicago President Austan Goolsbee said Friday that while he’s not ready to explicitly call for a central bank rate cut, monetary policy is quite tight and is no longer aligned with current economic conditions. “I usually don’t like saying, tying our hands before a meeting, but I’ve been saying…
By Ismail Shakil and Stephanie Kelly (Reuters) -Independent presidential candidate Robert F. Kennedy Jr. abandoned his campaign on Friday and endorsed Republican Donald Trump, ending a presidential bid that he began as a Democrat trading on one of the most famous names in American politics. Strategists said it was unclear whether Kennedy’s endorsement would help…
By Dietrich Knauth and Mike Spector NEW YORK (Reuters) – Johnson & Johnson said on Friday it is negotiating with plaintiffs’ lawyers who have opposed the company’s proposed settlement of lawsuits alleging its baby powder and other talc products caused cancer, seeking to eliminate holdouts to the deal. J&J has announced plans to finalize a…
(Reuters) – Apple is planning its biggest product launch event of the year on Sept. 10, during which it will unveil the latest iPhones, watches and AirPods, Bloomberg News reported on Friday, citing people familiar with the situation. The company is making preparations for that date, even though the timing has not yet been announced,…
KYIV (Reuters) – Ukraine’s military said its troops were subjected to dozens of attacks by Russian forces on Monday around Toretsk and Pokrovsk, two settlements in eastern Ukraine where Moscow is gaining ground against embattled Ukrainian forces. In a statement, the military said Russian troops attacked Ukrainian defenders 21 times over the course of Monday…
By Max A. Cherney (Reuters) -AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia. AMD plans to pay for 75% of the ZT Systems acquisition with cash and the remainder in stock….
(Reuters) -Palo Alto Networks forecast fiscal 2025 revenue and profit above Wall Street estimates on Monday, a sign of growing demand for its comprehensive cybersecurity products as digital threat landscape evolves. Shares of Santa Clara, California-based Palo Alto Networks rose about 4% in extended trading, as the company also announced an additional $500 million for…
(Reuters) – Republican presidential candidate Donald Trump on Monday said he would consider ending a $7,500 tax credit for electric vehicle purchases, calling it “ridiculous.” “Tax credits and tax incentives are not generally a very good thing,” Trump said in an interview with Reuters after a campaign event in York, Pennsylvania when asked about the…
