By Crispian Balmer and Giuseppe Fonte ROME (Reuters) – Italy’s government said on Tuesday fiscal incentives for home renovations had had a “devastating” impact on public finances over the last four years and were to blame for the expected rise in the country’s massive public debt through 2026. The take-up of the incentives had hit…
By David Randall NEW YORK (Reuters) – The typical summer slowdown in U.S. stock markets may be more pronounced this year with inflation jitters and an early presidential debate that have the potential to weigh on a rally that has pushed the S&P 500 near record highs in recent months. The S&P 500 is up…
(Reuters) – Boeing’s <BA.N> long-awaited first crewed test flight of the new Starliner space capsule was called off for at least 24 hours over a technical issue that launch teams could not resolve in time for the planned Monday night lift-off. The latest flight was scrubbed with less two hours left in the countdown as…
(Reuters) -Zoom Video Communications raised its full-year revenue forecast on Monday, helped by robust demand for its product portfolio as companies continue to adopt hybrid work models. The upbeat outlook suggests that Zoom’s efforts to incorporate artificial intelligence (AI) into its offerings and broaden its range of services have been successful, capitalizing on the rise…
(Reuters) – Palo Alto Networks forecast fourth-quarter billings above Wall Street estimates on Monday, a sign that clients are turning to the cybersecurity firm for its integrated software security tools. The company expects fourth-quarter billings to be between $3.43 billion and $3.48 billion, the mid point of which is slightly above analysts’ average estimate of…
SAO PAULO (Reuters) -Amazon’s cloud computing arm, Amazon Web Services (AWS), will invest 10.1 billion reais ($1.8 billion) in Brazil through 2034 to expand its data center operations in the country, it said on Wednesday. The resources will be used to “expand, build, connect, operate and maintain data centers in Brazil,” the firm said in…
(Reuters) – U.S. sports-betting service BetMGM said on Monday it expects revenue to grow in the second half of the year and into 2025, banking on demand from punters looking to cash in on the National Football League (NFL) season. “We have exceeded our goals for both acquisition and retention, which should lead to higher…
By Howard Schneider WASHINGTON (Reuters) – Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness, mounting evidence inflation is under control, and a benchmark interest rate that is still the highest in a quarter of…
BEIJING (Reuters) – U.S. Secretary of State Antony Blinken met his Chinese counterpart Wang Yi and Chinese leader Xi Jinping in Beijing on Friday in the latest high-level contacts between the superpowers aimed at keeping tense relations under control. The visit brought little progress on contentious issues, including China’s support for Russia in Ukraine, tensions…
(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…
