WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to support the economy.
Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 215,000 for the week ended May 18, the Labor Department said on Thursday. Economists polled by Reuters had forecast 220,000 claims in the latest week.
... (continue reading...)By Hari Kishan
BENGALURU (Reuters) - The global equity bull run is showing signs of fatigue, with most major stock indexes not expected to repeat last year's stellar performance, according to a Reuters poll of stock analysts who also said a near-term correction was unlikely.
With financial markets paring back 2024 rate cut expectations from major central banks and most stock indexes already trading close to lifetime highs, further gains... (continue reading...)
(Reuters) - Ralph Lauren on Thursday forecast annual revenue growth below market expectations and named insider Justin Picicci as its chief financial officer, effective immediately.
The apparel maker's shares, which have risen about 16% so far this year, were down 4.5% in premarket trade after the company also forecast current-quarter revenue growth below estimates.
Demand for pricier apparel in the United States has been choppy as... (continue reading...)
Investing.com -- U.S. stock futures traded higher Thursday, as solid quarterly corporate earnings overshadowed concerns over interest rates remaining elevated for longer than expected.
Here are some of the biggest premarket U.S. stock movers today:
-
Nvidia (NASDAQ: NVDA) stock soared over 7% after the chipmaker’s first quarter earnings blew past estimates, as well as offered up a stronger-than-expected revenue forecast for the current quarter, as it continued to... (continue reading...)
Analysts at Needham&Company expect Nvidia (NASDAQ: NVDA) to be the third company to reach a $3 trillion market capitalization after the company's latest earnings, which topped expectations and saw the company issue upbeat guidance.
Nvidia reported Q1 EPS of $6.12, $0.53 better than the analyst estimate of $5.59, while revenue for the quarter came in at $26.04 billion, above the consensus estimate of $24.65 billion.
In addition, NVIDIA expects second-quarter 2025... (continue reading...)
More General News
View Older Stories-
Nvidia CEO Huang expects AI-generated videos to drive more demand for its chips
-
Boeing faces 'long road' on safety issues, US FAA says
-
Wall Street braces for faster trade settlement
-
North Face owner VF Corp misses quarterly revenue estimates, posts loss as demand sags
-
Snowflake expects strong Q2 as AI push boosts demand for cloud services
-
Nvidia shares rise as blowout revenue forecast cements AI lead
-
Elf Beauty projects annual sales, profit below estimates despite upbeat Q4
-
U.S. Twenty-year Bonds Draw 4.635%; Allotted At High 30.20% - Bloomberg
-
US lawmakers advance bill to make it easier to curb exports of AI models
-
Pfizer rolls out another cost-cutting program, sets $1.5 billion target by 2027
-
Petrobras says antitrust watchdog agreed to free company from asset sales
-
Midday movers: Target, Lululemon and ViaSat fall; TJX rises
-
Lynx Equity Strategies sees signs of Nvidia GPU shortages turning into surplus
-
Target, Walmart shoppers seek home goods, grocery delivery online
-
S&P 500 to end 2024 around current levels after strong run: Reuters poll
-
Amazon to launch AI-overhauled Alexa with paid plans, CNBC reports
-
Persistent US federal deficits hurt GDP, incomes&living standards: Piper
-
Novo Nordisk (NVO) faces another fire outbreak in a week, shares down
-
Off-price retailer TJX posts upbeat Q1, lifts annual profit view on robust demand
-
Goldman now sees US debt-to-GDP ratio hitting 130% by 2034 vs 97% prior forecast
-
US consumer watchdog will apply credit card rules to buy now, pay later companies
-
Google set to bring ads in search AI Overviews
-
Apple says US antitrust lawsuit should be dismissed
-
Midday movers: Microsoft, Xpeng rise; Palo Alto, Keysight fall
-
Comcast prices Peacock, Netflix, Apple TV+ streaming bundle at $15 a month
-
Disney's Pixar Animation to lay off about 14% of workforce
-
AutoZone's quarterly profit beats estimates on demand for car parts
-
Nvidia options underpricing rising earnings fragility
-
Morgan Stanley says Elon Musk 'needs Tesla more than ever'
-
Microsoft (MSFT) introduces Copilot+, a PC equipped with AI
-
Bank of America explains why it’s not just about Nvidia anymore
-
Fed's Daly sees no immediate need to raise rates amid inflation concerns
-
Dell deepens AI push with new PCs, Nvidia-powered servers
-
Midday movers: Nvidia, Micron and Wix rise; Li Auto falls
-
Inflation data so far in 2024 "disappointing" - Fed's Barr
-
Fed policymakers still cautious on inflation and policy
-
Dow Jones, Nasdaq, S&P 500 weekly preview: It's the Nvidia earnings week
-
Interest rates likely to remain above levels seen in past decade - Fed's Bostic
-
US FDA clears Neuralink's brain chip implant in second patient, WSJ reports
-
Target lowering prices on 5,000 items in bid to lure more shoppers
-
Cybersecurity company CyberArk to acquire Venafi in $1.5 billion deal
-
Several Wall Street brokers raise price targets on Nvidia stock into earnings
-
Apple set to release slimmer iPhone in 2025, the Information reports
-
Factbox-Boeing faces multiple probes after mid-air MAX door plug blowout
-
Midday movers: Reddit, Tesla and Robinhood rise; GameStop falls
-
BuzzFeed CEO moves to majority stock based compensation amid AI push
-
Here's why investors seem to be hesitant to own AMD stock: Mizuho
-
Robinhood shares climb premarket as Bank of America upgrades rating
-
NY Fed announces launch of new supply chain pressure metrics
-
UK's CMA rejects probe into Microsoft-Mistral AI tie-up