Business

Home Depot reaffirms annual forecasts on demand from professional customers

Tuesday, February 24 by SRN News

By Savyata Mishra Feb 24 (Reuters) - Home Depot topped estimates for fourth-quarter results and maintained its annual forecasts, as the home-improvement chain operator benefited from resilient demand from professional contractors and lower-cost repairs by budget-strapped customers. Its shares were up nearly 3% in premarket trading... Read More.

Morning Bid: AI doom and tariff gloom

Tuesday, February 24 by SRN News

By Mike Dolan Feb 24 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The confusion about U.S. tariffs since Friday was compounded by another wave of AI jitters on Wall Street on Monday, with all the main stock... Read More.

AMD clinches second mega chip supply deal, this time with Meta

Tuesday, February 24 by SRN News

By Max A. Cherney and Stephen Nellis SAN FRANCISCO, Feb 24 (Reuters) - Advanced Micro Devices said on Tuesday it has agreed to sell up to $60 billion worth of artificial intelligence chips to Meta Platforms over five years in a deal that allows the... Read More.

Citigroup’s hedge fund clients sold the dollar around Supreme Court tariff ruling

Tuesday, February 24 by SRN News

LONDON, Feb 24 (Reuters) - Citigroup's hedge fund clients sold the dollar around Friday's U.S. Supreme Court ruling on President Donald Trump's sweeping tariffs, according to a note from the U.S. bank shared with Reuters late on Monday. The dollar fell in volatile trading... Read More.

Novo Nordisk to slash US list prices of Ozempic and Wegovy, WSJ reports

Tuesday, February 24 by SRN News

Feb 24 (Reuters) - Danish drugmaker Novo Nordisk plans to slash U.S. list prices of its blockbuster diabetes and weight-loss drugs Ozempic and Wegovy by up to 50% starting next year, the Wall Street Journal reported on Tuesday. Novo Nordisk will cut the list... Read More.

German Chancellor Merz heads to China seeking openings as global pressure builds

Tuesday, February 24 by SRN News

By Andreas Rinke BERLIN, Feb 24 (Reuters) - German Chancellor Friedrich Merz visits China this week as the latest European leader seeking to reset relations with Beijing after a year that laid bare the crumbling of their alliance with the U.S. and exposed vulnerabilities in... Read More.

Fed’s Goolsbee: Rate cuts appropriate if inflation falls, but too soon to bet on productivity

Tuesday, February 24 by SRN News

WASHINGTON, Feb 24 (Reuters) - The U.S. Federal Reserve could resume cutting interest rates if inflation starts to fall, but it would be risky to use expected productivity growth as a reason to loosen monetary policy now, Chicago Fed president Austan Goolsbee said as... Read More.

Keurig Dr Pepper forecasts strong annual results on resilient demand for sodas

Tuesday, February 24 by SRN News

Feb 24 (Reuters) - Keurig Dr Pepper forecast strong annual results after beating quarterly earnings estimates on Tuesday, betting on its new flavors and marketing efforts to drive demand for its carbonated beverages and energy drinks. The U.S. beverage maker saw resilient demand during the... Read More.

China urges US to drop new tariffs, willing to have new round of trade talks

Tuesday, February 24 by SRN News

BEIJING, Feb 24 (Reuters) - China has urged the United States to abandon its "unilateral tariffs", indicating also that it is willing to hold another round of trade talks with the world's largest economy, the country's commerce ministry said in a statement on Tuesday. China... Read More.

Hong Kong protests after Panama takes control of 2 key ports on the Panama Canal

Tuesday, February 24 by SRN News

BANGKOK (AP) - Hong Kong is protesting Panama's seizure of two ports on a canal vital for global trade that were operated by a Hong Kong-based company for decades, the city's government said Tuesday. Hong Kong's Commerce and Economic Development Bureau said in a statement... Read More.

Current Weather

Home Depot reaffirms annual forecasts on demand from professional customers

Morning Bid: AI doom and tariff gloom

AMD clinches second mega chip supply deal, this time with Meta

Citigroup’s hedge fund clients sold the dollar around Supreme Court tariff ruling

German Chancellor Merz heads to China seeking openings as global pressure builds

Fed’s Goolsbee: Rate cuts appropriate if inflation falls, but too soon to bet on productivity

Keurig Dr Pepper forecasts strong annual results on resilient demand for sodas

China urges US to drop new tariffs, willing to have new round of trade talks

Hong Kong protests after Panama takes control of 2 key ports on the Panama Canal

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