By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian market focus on Wednesday turns to Chinese purchasing managers index figures, which will give the first insight into factory and service sector activity in the world’s second largest economy in May. Japanese retail sales, South Korean retail…
(Reuters) – Hewlett Packard Enterprise Co missed Wall Street estimates for second-quarter revenue on Tuesday, as clients scale down spending on tech, including cloud services, amid an economic slowdown. Shares of the Texas-based IT company fell 4% after the bell. The stock has declined nearly 3% so far this year. For some of the largest…
By Kanishka Singh WASHINGTON (Reuters) – The United States said on Tuesday it was pleased to see that talks between Armenia and Azerbaijan continue as they seek to resolve a decades-long dispute over the territory of Nagorno-Karabakh. “The United States stands ready to support the efforts of both parties to conclude a durable and dignified…
By Allison Lampert and Clark Mindock (Reuters) – Delta Air Lines is facing a proposed class action lawsuit over advertising touting the U.S. carrier as carbon-neutral, according to a complaint filed on Tuesday in California federal court. The complaint, filed on behalf of a California resident who bought Delta tickets to engage in “more ecologically…
LONDON (Reuters) – The cost of insuring exposure to a U.S. debt default fell further on Tuesday, reflecting investor optimism over a tentative deal by U.S. lawmakers to raise the $31.4 trillion debt ceiling. Trading picked up on Tuesday after much of Europe and the United States were closed on Monday for holidays. In mid-morning…
By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) – Top artificial intelligence (AI) executives including OpenAI CEO Sam Altman on Tuesday joined experts and professors in raising the “risk of extinction from AI”, which they urged policymakers to equate at par with risks posed by pandemics and nuclear war. “Mitigating the risk of extinction from…
By Daphne Psaledakis WASHINGTON (Reuters) – The U.S. on Tuesday imposed sanctions on 17 people and entities based in China and Mexico who it accused of enabling counterfeit, fentanyl-laced pill production, as the Biden administration seeks to stem imports of the deadly drug. The U.S. Treasury Department in a statement said it slapped sanctions on…
By Davide Barbuscia NEW YORK (Reuters) – News of a debt ceiling agreement still leaves uncertainties on the U.S. credit outlook, analysts said, in addition to the immediate risk that Congress may not pass the proposed deal before the country runs out of cash. Democratic President Joe Biden and the top Republican in Congress, House…
By Brendan Pierson (Reuters) – Los Angeles on Tuesday announced a settlement with a Nevada-based company it accused of illegally selling so-called “ghost guns,” components without serial numbers that a purchaser can easily assemble into a complete gun, in California. The company, Polymer80, will pay $4 million in civil penalties, and its two founders will…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence slipped to a six-month low in May as Americans’ assessment of the labor market softened, but more households planned to purchase motor vehicles and other big-ticket items over the next six months, which could support economic growth this quarter. The ebb in confidence reported by the…
