Bond yields were little changed early Wednesday as traders awaited a monetary policy update from the Federal Reserve.
Bank of Japan Gov. Kazuo Ueda said Wednesday the yen’s weakness was one of the factors behind its decision to raise interest rates to 0.25%.
The U.S. is set to exclude over 30 key allies including Japan and the Netherlands from expanded new rules aimed at blocking China’s access to chipmaking equipment, Reuters reported
Prada shares rose in Hong Kong after the Italian luxury-fashion giant reported strong sales and revenue growth
Mining giant Rio Tinto said its first-half profit rose by 14% and underlying earnings were up a smidgen, as increased copper production and prices helped to offset a softer result from its dominant iron-ore business.
The dichotomy in Wall Street’s reactions to the results from Microsoft Corp. and Advanced Micro Devices Inc. — two tech giants that have been investing heavily in AI — is a perfect example of the AI optics game.
Japan’s latest industrial production and retail sales data offered some positive signals about the economy, coming right on the cusp of the central bank’s upcoming meeting.
Azure doesn’t have enough capacity to meet all its AI demand, but capacity should improve — along with revenue growth — in the second half of the new fiscal year.
Shares of Groupon dropped in post-market trading Tuesday after the company reported another quarterly loss and revenue drop as it continues to lose ground internationally.
Shares of Match Group rallied in the extended session Tuesday after the online-dating company said it sees a clear path for growth at Tinder, which has been losing users, and said it plans to cut about 6% of its workforce.
AMC Entertainment Holdings Inc. will again look to tap into customer appetite for concert films when the movie-theater chain shows “Usher: Rendezvous in Paris” in September.
Starbucks Corp. on Tuesday reported quarterly sales that were worse than expected as the coffee chain deals with greater consumer caution, but it said efforts to improve efficiency had helped restrain costs as it tries to win back business.
Lemonade Inc.’s stock tumbled 14% in after-hours trade Tuesday, after the digital insurer, which uses AI to power its business, offered soft guidance, offsetting a narrower-than-expected second-quarter loss and revenue that matched estimates.
