By Andrew Chung and John Kruzel WASHINGTON (Reuters) – Donald Trump will try to persuade the U.S. Supreme Court this week to reverse a judicial decision to kick him off the ballot in Colorado over his actions concerning the Jan. 6, 2021, Capitol attack, arguing that the constitutional provision his opponents cite does not apply…
(Reuters) -Nvidia’s shares scaled a new peak on Monday after Goldman Sachs raised its price target for the high-flying chipmaker’s stock in anticipation of a major boost to its earnings from the artificial intelligence (AI) boom. The stock rose about 4% to $689.21 and looked set to add about $70 billion to the company’s market…
By Bianca Flowers and Shivansh Tiwary (Reuters) -Caterpillar beat estimates with a double-digit jump in operating profit on Monday to send its shares to a record high buoyed by mining equipment sales and higher prices across its machinery divisions. Shares for the Texas-based company were up 5%. Spending on heavy machinery held steady among commercial…
By Lewis Krauskopf NEW YORK (Reuters) -Robust U.S. economic data is confronting investors with an unexpected question: whether strong growth can keep driving stocks higher even if the Federal Reserve delivers less monetary-policy easing than the market had hoped. Expectations that the Fed would pivot to cutting rates sent stocks soaring at the end of…
(This Feb. 2 story has been corrected to remove the word ‘Chinese’ from paragraph 9) By Abhirup Roy SAN FRANCISCO (Reuters) – Completely driverless vehicles traveled nearly 3.3 million miles in California last year, over five times the previous year’s total, even as concerns rose in the wake of a Cruise robotaxi accident, state data…
By Jarrett Renshaw COLUMBIA, South Carolina (Reuters) – President Joe Biden’s reelection bid won’t be won by million-dollar ad buys or social media sound bites, says U.S. Representative James Clyburn, the man who was key to Biden’s 2020 win. Republican candidate Donald Trump’s supporters have built a “MAGA wall” online of memes and social media…
(Reuters) – Groups backed by Iran have been waging attacks on Israeli and U.S. targets since war erupted between its Palestinian ally Hamas and Israel on Oct. 7, a campaign that prompted U.S. counterstrikes and fuelled fears of a wider escalation. Three U.S. servicemen were killed on Jan. 28 in a drone attack by Iran-backed…
SAO PAULO (Reuters) -German carmaker Volkswagen said on Thursday it will invest an additional 9 billion reais ($1.83 billion) in its Brazilian business over the next five years and launch 16 new models, including hybrid and electric vehicles. The new investments would more than double Volkswagen’s 2022-2028 Brazil investment plan to 16 billion reais and…
By Leroy Leo and Patrick Wingrove (Reuters) -AbbVie on Friday raised its 2027 forecast for sales of its immunology drugs Skyrizi and Rinvoq to $27 billion, up $6 billion from its previous prediction. The Chicago-based drugmaker has been counting on revenues from its newer immunology medicines to help make up for declining sales of blockbuster…
By Samrhitha A, Aishwarya Venugopal and Chuck Mikolajczak (Reuters) -Meta Platforms added $196 billion in stock market value on Friday, marking the biggest one-day gain by any company in Wall Street history after the Facebook parent declared its first dividend and posted robust results. Meta’s stock surged 20.3% for the session, also recording its biggest…
