The buy-now-pay-later company aims to tap into a revival of interest in stocks like Affirm and SoFi. Source link

TOKYO (Reuters) – The Japanese government is making arrangements to compile a supplementary budget of about 13.5 trillion yen ($87 billion) to fund a stimulus package to help low-income households and offset rising prices, the Sankei newspaper reported late on Wednesday. Under the plan, the government would provide 30,000 yen ($193) to low-income households that are exempt from paying residential taxes, and 20,000 yen per child for households with families,

Cisco CEO Chuck Robbins speaks at The Wall Street Journal’s Future of Everything Festival in New York on May 21, 2024. Dia Dipasupil | Getty Images Cisco reported a fourth straight quarter of declining revenue even as results topped analysts’ estimates. The stock slipped about 1% in extended trading. Here’s how the company did in comparison with LSEG consensus: Earnings per share: 91 cents adjusted vs. 87 cents expected Revenue:

By Stephanie Kelly and Brad Brooks (Reuters) – The governors of Illinois and Colorado on Wednesday said they will co-chair a coalition of mostly Democratic-led states to fight back against polices incoming Republican President Donald Trump has vowed to push through.  With their Governors Safeguarding Democracy group, Democrats J.B. Pritzker of Illinois and Jared Polis of Colorado join attorneys general and other Democratic governors who have pledged to resist conservative

By Pesha Magid, Hadeel Al Sayegh and Federico Maccioni RIYADH/DUBAI (Reuters) – Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting global sporting events over the next decade as rising costs weigh, three sources told Reuters a day after the sudden departure of the project’s longtime CEO. Crown Prince Mohammed bin Salman, known as MbS, has poured hundreds of billions of

Home Depot Inc.’s third-quarter results this week gave a glimpse into the looming issue of tariffs for major U.S. retailers. Source link

Nvidia’s earnings could give a jolt to other AI semiconductor plays if the outlook impresses, but don’t expect software stocks to lose shine during a seasonally strong quarter. Source link

By Mei Mei Chu BEIJING (Reuters) – Since the U.S. and China imposed tit-for-tat tariffs in their trade war during Donald Trump’s first presidential term, Beijing has taken steps to reduce its reliance on American farm goods in a wider effort to bolster its food security. That has put China in a better position to withstand tariffs of at least 60% on Chinese imports threatened by Trump, set to return

Investing.com — Citi Research in a note dated Wednesday has revised down its price forecast for the short term, signaling that ongoing trade tensions between the United States and China, coupled with weaker-than-expected economic growth in China, are likely to dampen global demand for copper.  This reassessment projects copper prices falling to $8,500 per metric ton in the near term, down from an earlier forecast of $9,500 per metric ton,

By Tetsushi Kajimoto and Makiko Yamazaki TOKYO (Reuters) – Japan will act appropriately against excess movements on the foreign exchange market, former currency chief Masato Kanda told Reuters, issuing a warning as the country continues to feel pain from a weaker yen. Kanda, now a special adviser to Prime Minister Shigeru Ishiba and the finance ministry, said in an interview that currency market volatility had increased reflecting recent changes in