By Tatiana Bautzer and Lananh Nguyen NEW YORK (Reuters) – HSBC’s wealthy clients in China and Hong Kong are still eager to invest in the U.S., according to Michael Roberts, the bank’s CEO for the USA and Americas. China’s economic growth remains strong relative to other nations, and its wealthy citizens are focused on overseas […]

(Reuters) -Kimberly-Clark raised 2024 sales and profit forecasts on Tuesday after it topped quarterly expectations, banking on higher pricing and steady demand for its premium personal care and household products, sending its shares about 8% higher in early trading. Top consumer goods companies have been increasing prices since the pandemic to counter escalating costs, which […]

By Chris Prentice and Alun John NEW YORK/LONDON (Reuters) -Investors scaled back safe-haven bets on Monday as worries over a wider Middle East conflict eased, boosting world equities and pressuring gold, oil and bond prices. MSCI’s gauge of stocks across the globe rose 6.01 points, or 0.81%, to 749.29. In a reversal of Friday’s “risk […]

Equifax Inc. (NYSE:EFX) reported worse-than-expected first-quarter sales results and issued adjusted guidance below estimates on Wednesday. Equifax posted quarterly sales of $1.389 billion, missing market estimates of $1.400 billion, according to data from Benzinga Pro. Equifax said it sees second-quarter adjusted earnings of $1.65 to $1.75 per share, versus market estimates of $1.87 per share. […]

(Reuters) -Memory chip maker Micron Technology is set to receive $6.1 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Democratic U.S. Senate Majority Leader Chuck Schumer said on Thursday. The award, which is not yet finalized, will fund chipmaking facilities in New York and Idaho from the […]

LONDON (Reuters) – Banks must anticipate risks from using artificial intelligence (AI) and machine learning (ML) in their operations as part of their day-to-day governance, a top global banking regulator said on Wednesday. There are unanswered questions on whether the use of AI or ML in banking is a net positive or negative to global […]

By Chibuike Oguh (Reuters) -Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient U.S. economy with persistent inflation. Federal Reserve Chair Jerome Powell said on Tuesday recent inflation data has not given policymakers enough confidence to ease credit […]

The crypto analyst known for accurately predicting the end of Bitcoin’s (CRYPTO: BTC) bull market in 2021 has shared insights into the recent downturn in the altcoin market. On Friday, pseudonymous crypto strategist Pentoshi shared his view on X, formerly known as Twitter, that the recent altcoin crash can be attributed to simple supply and demand dynamics […]