Aug 25 (Reuters) – Intuit forecast annual revenue below Wall Street expectations on Tuesday, as the TurboTax maker said its push for customer growth and market-share gains would weigh on near-term sales. The enterprise software provider projected fiscal 2027 revenue of $23.28 billion to $23.51 billi
Aug 25 (Reuters) – Backlash over a Halloween costume sold by Target spilled into the retailer’s shares on Tuesday, drawing fresh attention to a string of similar controversies that have plagued global brands over cultural missteps. Here are some examples: Brand Product or Fallout marketing campaign
BEIJING (AP) — A Chinese humanoid robot set a new 100-meter sprint record of 8.86 seconds in Beijing on Tuesday, beating its robot competitors — and the fastest recorded human time. The race was part of China’s World Humanoid Robot Games, an Olympic-style competition now in its second year in Beijin
By Ann Saphir Aug 25 (Reuters) – Directors at four of the Federal Reserve’s 12 banks voted to increase the interest rate charged to commercial banks for emergency loans in the days before the U.S. central bank’s July meeting, minutes of the central bank’s discount rate meetings released on Tuesday,
WASHINGTON, Aug 25 (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the global economy has weathered the Iran war energy shock better than feared, but she raised concerns about deteriorating fiscal conditions in some countries as evidenced by rising
By Marianna Parraga, Ana Isabel Martinez and Deisy Buitrago HOUSTON/CARACAS, Aug 25 (Reuters) – A contract that SLB and Venezuela’s state-run PDVSA signed last week has granted the U.S. oil services and technology company access to oilfield data from the country with the world’s largest crude reserv
By Milana Vinn and David French NEW YORK, Aug 25 (Reuters) – JPMorgan Chase is hiring Dan McDow from Citigroup to head its east coast technology investment banking business, according to a memo seen by Reuters. McDow will join JPMorgan in New York later this year, having spent the past four years as
CHICAGO (AP) — Canada has pledged to roll out “dollar-for-dollar” countertariffs on scores of U.S. goods next month in response to President Donald Trump’s latest import taxes, which have plunged the North American neighbors deeper into a bitter trade war. Ottawa released a list of more than 700 tar
Aug 25 (Reuters) – Anthropic is likely to tell investors that it sees its total addressable market (TAM) exceeding $30 trillion, ahead of the $28.5 trillion estimate from SpaceX, the Wall Street Journal reported on Tuesday. TAM is the annual revenue opportunity available if a product or service achi
WASHINGTON (AP) — Americans’ confidence in the economy declined again this month as the ongoing conflict in Iran continued to push U.S. gasoline prices above $4 per gallon. The Conference Board said Tuesday that its consumer confidence index dipped to 89.4 in August from 90.2 in July. That was the l
WASHINGTON, Aug 25 (Reuters) – A senior Honda executive said the Japanese automaker might not build an eighth assembly plant in North America unless a key trade deal is extended. Honda Executive Vice President Noriya Kaihara told reporters at a roundtable in Washington the automaker is close to full
By Tom Daly Aug 25 (Reuters) – The prospect of U.S. import tariffs could push copper prices to record highs even though there is no global shortage of the metal, analysts say, as the incentive to ship to the United States drains inventories elsewhere. Three-month copper on the London Metal Exchange
Aug 25 (Reuters) – U.S. consumer confidence fell in August to its lowest in seven months as households’ outlooks for the labor market and inflation worsened, a survey showed on Tuesday. The Conference Board said its consumer confidence index dropped to 89.4 this month – the lowest since January – fr
Aug 25 (Reuters) – Target shares dropped about 5% in early trading a day after the company apologized for and rolled back a Halloween costume that critics said evoked Blackface and minstrel shows. The product, sold as the “Kids’ Glows Under Blacklight Circus Clown Halloween Costume”, prompted backla
Aug 25 (Reuters) – Rising borrowing costs for heavily indebted governments and growing strains in sovereign bond markets are forcing investors to confront a question once considered unthinkable: will central banks ultimately be called on to help pay the bill? This topic of “fiscal dominance” will be
WASHINGTON, Aug 25 (Reuters) – Canada’s minister responsible for U.S. trade, Dominic LeBlanc, said on Tuesday that he thought his government could announce retaliatory tariffs on the United States on Tuesday, a day after President Donald Trump threatened to raise U.S. tariffs on all cars and trucks
Aug 25 (Reuters) – Wall Street’s main indexes opened higher on Tuesday as technology stocks recovered from the previous session’s selloff ahead of AI heavyweight Nvidia’s results and an inflation report key to shaping interest rate expectations. The Dow Jones Industrial Average rose 177.8 points, or
Aug 25 (Reuters) – Gatik has raised $200 million in Series D funding, the autonomous trucking startup said on Tuesday, as interest in driverless commercial freight surges in North America and Europe. The funding round was led by Qatar Investment Authority and Koch Disruptive Technologies, with parti
Aug 25 (Reuters) – More airlines are restoring flights across the Middle East following the conflict triggered by U.S. and Israeli strikes on Iran, but major carriers remain cautious and many routes are still suspended into the autumn. KEY POINTS Airlines have largely resumed services through parts
WASHINGTON (AP) — President Donald Trump said Tuesday that he is considering changing the name of Lake Ontario to “Lake America” as the trade war between the United States and Canada intensifies. Such a change would be reminiscent of the Republican president’s unilateral action last year by executiv
I’ve written about how to decide how much to set aside for long-term-care expenses for people who have decided to forgo insurance. But where and how should those funds be invested? You don’t have to maintain a separate account for your long-term-care fund, but you do need to let your loved ones know
ST. CLOUD, Fla. (AP) — Florida chef Elijah Button was chopping onions in June when his knife slipped and sliced his middle finger to the bone. It was his worst kitchen accident to date. But having given up his Affordable Care Act health insurance plan in January because of a $100 monthly premium hik
By Mike Scarcella WASHINGTON, Aug 25 (Reuters) – Alphabet’s Google on Tuesday expanded its Gemini Enterprise artificial intelligence platform with new tools for lawyers and law firms, accelerating a race among technology companies to meet legal sector demand for AI. The company said its Gemini Enter
Aug 25 (Reuters) – Canadian lenders Bank of Montreal and Bank of Nova Scotia on Tuesday beat quarterly profit estimates, driven by strength in their capital markets and domestic businesses, even as trade tensions between Canada and the U.S. persisted. The country’s big six banks account for more tha
Aug 25 (Reuters) – Dick’s Sporting Goods cut its full-year sales and profit forecasts on Tuesday, as consumers in the U.S. pulled back spending on pricey athletic footwear and apparel, sending its shares down 17% in premarket trading. U.S. consumers have been seen putting off expensive purchases, ma
By Rajesh Kumar Singh CHICAGO, Aug 25 (Reuters) – United Airlines said on Tuesday it expects enough Airbus A321XLR deliveries to support its European expansion next summer, as the carrier pushes into smaller markets and sees travel to the region staying strong into the autumn months. The Chicago-bas
By Howard Schneider WASHINGTON, Aug 25 (Reuters) – U.S. debt hasn’t been further downgraded, breakeven rates on inflation-protected bonds haven’t spiked, and the cost of insuring against a federal default hasn’t skyrocketed, signs that most investors still see U.S. bonds as a largely risk-free bet e
By Mike Dolan LONDON, Aug 25 Reuters – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets World markets slipped into a holding pattern on Tuesday as investors tried to make sense of the noisy U.S. economic warfare that has dominated the start of the wee
By Suzanne McGee PROVIDENCE, RHODE ISLAND, Aug 25 (Reuters) – Red-hot demand for high-risk leveraged and inverse single-stock ETFs may be starting to cool. The increasingly volatile bull market has fueled investor interest in finding ways to double the hoped-for gains in the market’s most popular an
By Anhata Rooprai, Rashika Singh and Aditya Soni Aug 25 (Reuters) – Nvidia’s results on Wednesday will test whether the company’s latest Rubin chips can drive another period of explosive growth, with some investors questioning the sustainability of the AI spending boom. The chipmaker has been the bi
