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By Lisa Pauline Mattackal and Ankika Biswas (Reuters) -The S&P 500 briefly touched the psychologically significant 6,000 mark for the first time on Friday, building on a sharp rally after Donald Trump won a second term as U.S. president. All three major indexes surged to record highs on Nov. 6 following the election results…
(Reuters) -Qualcomm shares rose 4% on Thursday after the chip designer’s strong quarterly revenue forecast fanned investor optimism about a China-led recovery in the smartphone market. The company, the biggest supplier of smartphone chips, will add around $8 billion to its market value, if the gains hold. It forecast both first-quarter sales and adjusted profit…
(Reuters) – Cloud monitoring firm Datadog raised its annual revenue and profit forecasts on Thursday, betting on accelerating demand for its AI-backed cybersecurity products. Shares of the New York City-based company rose 4.1% before paring gains later in volatile trading. “Datadog reported very strong results and guided for further impressive growth, some of it driven…
(Reuters) – Global physically-backed gold exchange-traded funds (ETFs) saw inflows for the sixth straight month in October, with year-to-date flows turning positive for the first time this year, the World Gold Council (WGC) said on Thursday. Demand was supported by North American and Asian flows, the WGC added. As geopolitical tensions rise and market uncertainties…
By Vladimir Soldatkin and Guy Faulconbridge SOCHI, Russia (Reuters) -Russian President Vladimir Putin on Thursday congratulated Donald Trump on winning the U.S. election, praised him for showing courage when a gunman tried to assassinate him, and said Moscow was ready for dialogue with the Republican president-elect. In his first public remarks since Trump’s win, Putin…
WASHINGTON (Reuters) -North Korean troops were engaged in combat in Russia’s Kursk in recent days for the first time, two U.S. officials told Reuters on Wednesday. One of the officials, speaking on the condition of anonymity, said they took part in combat on November 4. The officials did not say whether there were any North…
By David Morgan WASHINGTON (Reuters) – Donald Trump’s Republicans looked set on Wednesday to possibly win control of both chambers of Congress, giving them sweeping powers for the first time in eight years to ram through a broad agenda of tax and spending cuts, energy deregulation and border security controls. But it would also force…
By John Kruzel WASHINGTON (Reuters) – President-elect Donald Trump, who moved the U.S. Supreme Court dramatically rightward in his first term, may get a chance to rejuvenate its 6-3 conservative majority by replacing some or all of its three most senior conservatives with younger jurists – and perhaps even expand it if a liberal justice…
By Nate Raymond (Reuters) – A U.S. appeals court on Wednesday upheld a jury’s verdict clearing Tesla CEO Elon Musk and his company of liability over allegations they misled investors when the billionaire posted on social media in 2018 that he had “funding secured” to take the electric car company private. The San Francisco-based 9th…
(Reuters) – Cummins Inc beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from data centers, sending the shares of the company up more than 4% in pre-market trading. Rising demand from the technology industry’s energy-hungry AI data centers has bolstered the results of power solution providers in recent…
