Instant view: US payrolls rise more than expected in May
NEW YORK (Reuters) - U.S. employment increased more than expected in May, but a moderation in wages could allow the Federal Reserve to skip an interest rate hike this month for…
Economy
US food aid could shrink under debt ceiling deal, hunger groups warn
By Leah Douglas WASHINGTON (Reuters) - Changes to the largest U.S. food aid program in the debt deal passed by Congress this week could force hundreds of thousands of older…
US seeks to curb investment in Chinese chips, AI and quantum computing
By Karen Freifeld WASHINGTON (Reuters) - New rules under consideration would restrict the flow of U.S. investments and know-how into Chinese companies working on advanced…
Elon Musk kicks off China visit, Tesla expansion in focus
BEIJING (Reuters) -Tesla Chief Executive Elon Musk on Tuesday kicked off a high-stakes visit to China with a meeting with the country's foreign minister in Beijing, marking…
Investors have poured $756 billion into cash funds this year – BofA
LONDON (Reuters) - Investors have poured $756 billion into cash funds this year, Bank of America said in a note on Friday, attracted by juicy yields and driven by concerns about…
Analysis-Investing in AI: how to avoid the hype
By Naomi Rovnick LONDON(Reuters) - Experienced tech investors are hunting for undervalued opportunities in an over-valued space. At stake is how best to invest in the…
Marvell’s shares get AI boost a day after Nvidia’s surge
(Reuters) - Shares of Marvell Technology soared about 23% on Friday after the chipmaker became the latest to project a big surge in revenue from the AI boom, days after larger…
Wall Street ends down as debt-ceiling clouds hover
By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican…
Stalled US debt talks, inflation woes hit stocks
By Lawrence White and Koh Gui Qing LONDON/NEW YORK (Reuters) -World stocks dropped on Wednesday as U.S. debt ceiling talks dragged on without resolution, stoking a general malaise…
Oil prices gain 2% on falling U.S. stockpiles, Saudi warning
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose 2% on Wednesday, after a large unexpected drawdown in U.S. crude inventories and a warning from the Saudi energy minister…