(Reuters) -U.S. equity funds attracted investment inflows for a fifth week in a row as investors focused on robust third-quarter earnings growth and brushed off concerns of lofty tech sector valuations. They invested a net $4.36 billion into U.S. equity funds in the week through November 19, a nearly fourfold increase from approximately $965 million…
(Corrects name of cybersecurity expert cited in paragraph 7) By Raphael Satter WASHINGTON (Reuters) -Salesforce said Thursday it is investigating “unusual activity” involving Gainsight-published applications that may have exposed customer data. In a brief statement published to its status portal, Salesforce said the Gainsight-published applications, which are installed and managed by customers “may have enabled…
By Anastasiia Kozlova, Johann M Cherian and Tharuniyaa . (Reuters) -European shares closed higher on Thursday after AI bellwether Nvidia’s results quelled concerns around an AI bubble, but pared earlier gains as uncertainty over the U.S. monetary policy path weighed on investor sentiment. The pan-European STOXX 600 ended up 0.4% at 563.94 points. Other major…
By Anuja Bharat Mistry (Reuters) -Kroger will close three automated delivery fulfillment facilities and record an impairment charge of about $2.6 billion in its third quarter, as the U.S. grocer expands its third-party delivery partnerships. The company said on Tuesday it would shutter the centers it operates with British online supermarket and technology group Ocado…
By Wen-Yee Lee TAIPEI (Reuters) -U.S.-based cloud services provider GMI Cloud said on Monday it will build a $500 million artificial intelligence data centre in Taiwan with the support of U.S. chipmaker Nvidia. The data centre will come online by March 2026 and will run on Nvidia’s new Blackwell GB300 chips. The facility will house…
By Matt Spetalnick, Patricia Zengerle and Simon Lewis WASHINGTON (Reuters) -When President Donald Trump defended Saudi Arabia’s crown prince this week over the 2018 killing of U.S.-based journalist Jamal Khashoggi, he did more than just stir renewed accusations from critics of an affinity toward strongmen. Trump’s remarks, which contradicted U.S. intelligence findings, threw into stark…
By Mike Scarcella WASHINGTON (Reuters) -Elon Musk’s social media platform X has ended its lawsuit against elite law firm Wachtell, Lipton, Rosen & Katz that sought to recover most of a $90 million fee the firm received for defeating Musk’s bid to walk away from his multibillion-dollar purchase of Twitter. X told a state court…
By Ann Saphir (Reuters) -Chicago Federal Reserve President Austan Goolsbee on Thursday said he is uneasy about cutting interest rates in the face of too-high inflation that’s steady at best and by some measures getting worse, remarks that signal a reluctance to support a third straight reduction in borrowing costs next month. “My unease is…
(Reuters) -Defense supplier L3Harris Technologies said on Tuesday it will invest $400 million in a new solid rocket motor production campus in Arkansas, marking one of the largest such expansions in the U.S. in decades. The new 110-acre campus at Camden, Arkansas will feature more than 20 buildings and expand manufacturing capacity of large solid…
SYDNEY (Reuters) -Meta will block Australian users under 16 from accessing Instagram, Facebook and Threads by December 10 to comply with the country’s sweeping social media ban for teenagers, the company said on Thursday. The company said it had begun notifying users it believed were between 13 and 15 years old that their accounts will be…
