Lam Research sales forecast beats estimates on AI boom
By Akash Sriram and Max A. Cherney (Reuters) -Chip-making tools supplier Lam Research forecast quarterly revenue above Wall Street estimates, as…
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Greece wildfires erupt on mainland, killing two people
By Karolina Tagaris and Alexandros Avramidis VOLOS, Greece (Reuters) -Wildfires that have been supercharged by strong winds and temperatures exceeding…
Fed staff drop US recession forecast, Powell says
WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Wednesday the central bank’s staff no longer forecasts a U.S….
Giuliani concedes statements were defamatory in Georgia election workers’ case
By Jacqueline Thomsen (Reuters) – Rudy Giuliani, onetime attorney for former U.S. President Donald Trump, admitted in a court filing…
Airbus posts higher profit, removes near-term output goal
By Tim Hepher PARIS (Reuters) -Europe’s Airbus on Wednesday posted higher-than-expected underlying operating profit for the second quarter and reaffirmed…
EBay’s higher investments weigh on profit forecast, shares fall
(Reuters) -EBay forecast third-quarter profit below market expectations on Thursday as the e-commerce platform spent more to bolster categories such…
Russian missiles target Ukrainian regions, commander says barrage repelled
KYIV (Reuters) -Russia targeted the regions of Kyiv, Khmelnytskiy and Kirovohrad in a second missile strike on Ukraine on Wednesday,…
Instant view: Fed raises interest rates, leaves door open to another increase
NEW YORK (Reuters) – The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing…
Top US Senate Republican Mitch McConnell freezes up, leaves press conference
By Richard Cowan WASHINGTON (Reuters) -Top U.S. Senate Republican Mitch McConnell froze up for about 21 seconds while speaking to…
PacWest stock soars on $1.1 billion buyout deal with Banc of California
By Niket Nishant and Manya Saini (Reuters) -PacWest Bancorp’s shares jumped nearly 29% on Wednesday, as investors cheered Banc of…