By Noel Randewich (Reuters) -Chipmaker Nvidia is replacing Tesla as Wall Street’s most traded stock by value, adding to its prominence after becoming the third-most valuable U.S. company and showing more evidence of how central AI-related bets have become to investors. Nvidia’s outsized representation in day-to-day stock trading could leave investors more vulnerable should the…
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Walmart kicked off U.S. retailers’ reporting season on Tuesday with robust fourth quarter results after inflation-squeezed shoppers flocked to its stores, and said it would buy smart-TV maker Vizio for $2.3 billion. Shares of the retail giant rose as much as 6.5% to an all-time high of…
By Fabio Teixeira RIO DE JANEIRO (Reuters) – Mining giant Vale is looking at expanding the use of industrial batteries to power ports and mining sites, said the firm’s Energy and Decarbonization director Ludmila Nascimento, in a move that would boost an industry still in early stages in Brazil. Since last year the firm has…
(Repeats Feb 16 story with no changes to text) By Medha Singh and Manas Mishra (Reuters) – U.S.-based Eli Lilly and Denmark’s Novo Nordisk have struck gold with their weight-loss drugs, sending their shares to stratospheric levels and putting them on par with some high-growth tech stocks. Retail and institutional investors alike have flocked to…
By Anirban Sen and Michelle Price NEW YORK/WASHINGTON (Reuters) -Warren Buffett-backed U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion to create a global payments giant, the companies said on Monday. The deal, which is expected to receive intense antitrust scrutiny,…
By Shariq Khan NEW YORK (Reuters) -Brent crude oil prices settled slightly higher in an abbreviated session on Monday, as lingering supply concerns from tensions in the Middle East were offset by signs of weakening demand. Oil markets’ saw thinner volumes than usual due to the Presidents’ Day holiday in the U.S., UBS analyst Giovanni…
By Nell Mackenzie LONDON (Reuters) -World shares struggled to climb on Monday after the chances of early interest rate cuts globally receded and Chinese markets recorded modest gains on their return from the lunar new year break. A holiday for U.S. markets made for thin trading, and results from AI star Nvidia on Wednesday could…
SHANGHAI/SINGAPORE (Reuters) -China’s central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing’s room to manoeuvre on monetary policy. Beijing is striking a delicate balancing act to support the economy at a time…
By Nathan Layne and Gram Slattery WATERFORD TOWNSHIP, Mich./IRMO, SC. (Reuters) -Donald Trump on Saturday lashed out at the New York judge who ruled he must pay $354.9 million in penalties for fraudulently overstating his net worth to dupe lenders, telling thousands of supporters at a campaign rally the decision was an “election interference ploy.”…
(This Feb. 16 story has been refiled to fix a typo in ‘blank-check’ in paragraph 22) By Jack Queen and Luc Cohen NEW YORK (Reuters) – Donald Trump must pay $354.9 million in penalties for fraudulently overstating his net worth to dupe lenders, a New York judge ruled on Friday, handing the former U.S. president…
