General News

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...)

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.

(Reuters) - Ralph Lauren on Thursday forecast annual revenue growth below market expectations and named Justin Picicci as its chief financial officer succeeding Jane Nielsen.

The company said it expects annual revenue to rise in low-single digits, centering on about 2% to 3%, compared with market expectations of a 3.98% increase to $6.89 billion.

The company reported fourth-quarter revenue of $1.57 billion that edged past estimates of... (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...)