Reuters

(Reuters) - Dell Technologies shares tumbled about 14% in premarket trading on Friday, as the PC and server maker expects sizeable AI investments to dent its quarterly profit.

Dell is on track to lose more than $17 billion in market value, if premarket losses hold. The stock has more than doubled this year.

Companies, including Dell, have been investing heavily in pricey hardware to build-out advanced servers with the ability to process... (continue reading...)

(Reuters) - U.S. inflation tracked sideways in April, a worrying sign for the U.S. central bank that suggests the elevated pace of price increases could last longer than expected and casts doubt on how soon it will be able to cut interest rates.

The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday, matching the unrevised gain in March.

In... (continue reading...)

WASHINGTON (Reuters) -The United States is imposing new visa restrictions on Chinese and Hong Kong officials over guilty verdicts in the National Security Law trial of pro-democracy organizers in Hong Kong, the State Department said on Friday.

Fourteen Hong Kong pro-democracy activists were found guilty and two were acquitted on Thursday in a landmark subversion trial that critics say could deal another blow to the city's rule of law and its reputation as... (continue reading...)

(Reuters) - Global equity funds witnessed outflows for the first time in five weeks in the week ended May 29, hit by rising U.S. Treasury yields and investor caution ahead of a crucial U.S. inflation report, which may provide insights into the future direction of U.S. interest rates.

According to Lipper data, global equity funds registered $4.9 billion in outflows, marking their first withdrawal since the week ending April 24.

U.S.... (continue reading...)

By Adriana Barrera

MEXICO CITY (Reuters) - A rags to riches story and a penchant for publicity propelled businesswoman Xochitl Galvez into the limelight as the main opposition candidate for Mexico's presidency, campaigning on a promise to confront drug cartels and improve the economy.

Galvez, 61, who trails ruling party candidate Claudia Sheinbaum in the polls ahead of Sunday's vote, represents a coalition of opposition parties and vows... (continue reading...)