Reuters

By Arsheeya Bajwa

(Reuters) - Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can maintain its explosive growth and stay ahead of rivals.

The results will be the latest test for Wall Street's picks-and-shovels trade that has turned Nvidia into the biggest winner of the generative AI boom, thanks to its chips that are... (continue reading...)

JERUSALEM (Reuters) - Israel intends to broaden its military sweep of the southern Gazan city of Rafah, Defence Minister Yoav Gallant told visiting U.S. National Security Adviser Jake Sullivan on Monday.

"We are committed to broadening the ground operation in Rafah to the end of dismantling Hamas and recovering the hostages," a statement from Gallant's office quoted him as saying during the meeting.

(Writing by Dan Williams)

ATHENS (Reuters) - Greek Prime Minister Kyriakos Mitsotakis has urged the European Union to bring down prices as soon as possible, which he labelled a crucial political challenge ahead of European parliamentary elections.

Anger at falling living standards is shared by millions of Europeans and is expected to dent support for mainstream parties in the June 6-9 vote for the 720 lawmakers of the EU assembly.

In a May 18 letter to European... (continue reading...)

VENICE (Reuters) - Italian luxury group Prada is not looking at big acquisitions as it is focused on the brands it already owns, its Chief Executive Andrea Guerra said on Monday.

Speaking at the FT Luxury Summit in Venice, Guerra added that he expected a positive surprise this year from the U.S. market for the luxury sector.

"I'm cautiously positive about the US. I think that Prada has a relationship with the American consumer, but... (continue reading...)

By Anait Miridzhanian

JOHANNESBURG (Reuters) -South Africa's top court ruled on Monday that former president Jacob Zuma was not eligible to run for parliament in this month's election, a closely-watched decision as it could affect the outcome.

Zuma, who was forced to quit as president in 2018, has fallen out with the governing African National Congress (ANC) and has been campaigning for a new party called uMkhonto we Sizwe (MK) named after... (continue reading...)