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Factbox-Before Intel, which CEOs drew Trump’s ire?

(Reuters) -U.S. President Donald Trump demanded on Thursday that Intel’s Lip-Bu Tan resign immediately, saying that the company’s new CEO was “highly conflicted” due to his ties to Chinese firms. While Trump’s demand marked a rare presidential attempt to determine who leads a corporation, Tan ...
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Pinterest slumps after flagging soft ad spend in major market U.S

By Kritika Lamba (Reuters) -Pinterest shares plunged about 15% on Friday after the image-sharing platform warned of weaker ad spending in the U.S., its biggest market, due to the removal of the “de minimis” trade loophole. Tariffs-driven uncertainty and a suspension of the exemption that allowed ...
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Why the stock market shrugged off weak data, recession fears

(NEW YORK) -- Weak jobs data came out hours before President Donald Trump fired the head of labor statistics. A report on gross domestic product indicated a slowdown of growth over the first half of the year. A sweeping round of tariffs hit nearly ...
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Intel CEO responds after Trump calls for his resignation

Intel CEO Lip-Bu Tan says he’s “always operated within the highest legal and ethical standards” after President Donald Trump said he should resign. On Thursday Trump said on Truth Social platform that, “The CEO of Intel is highly CONFLICTED and must resign, immediately. There is ...
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Global equity funds see outflows for second week on tariff, economic concerns

(Reuters) -Global equity funds came under selling pressure while safe-haven demand bolstered money market funds in the week through August 6, as U.S. tariff announcements and data showing signs of weakness in the U.S. economy fuelled risk aversion. Investors sold off a net $7.82 billion ...
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Analysis-CEO pulled Boeing out of nosedive, but new challenges approach

By Dan Catchpole SEATTLE (Reuters) -One year after taking the helm during Boeing’s deepest crisis in decades, CEO Kelly Ortberg has stopped the company’s freefall. Now, he faces new challenges: ramping up jet production, reviving a struggling defense and space division, and restoring profitability at ...
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Chile’s consumer prices rise more than expected in July

(Reuters) -Consumer prices in Chile rose 0.9% in July from the previous month, data from statistics agency INE showed on Friday, above the 0.6% increase expected by economists in a Reuters poll. Annual inflation in the world’s largest copper producer hit 4.3%, INE added, accelerating ...
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Take-Two soars after forecast signals mobile gaming rebound

By Zaheer Kachwala (Reuters) -Take-Two Interactive Software shares rose 5.6% on Friday as the Zynga owner’s strong forecast signaled a rebound in the mobile gaming industry following a years-long post-pandemic slump. Once seen as the video-gaming industry’s next big growth driver, the mobile market sputtered over ...
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US equity funds see sharp outflows on tariff caution, economic concerns

(Reuters) -U.S. investors divested riskier equity funds and significantly invested in the safety of money market funds in the week through August 6, spooked by President Donald Trump’s new trade tariffs and discouraging economic readings. They pulled out a net $13.7 billion from U.S. equity ...
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Bank of England’s Pill sees risks that could slow pace of rate cuts

LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Friday that inflation pressures were likely to continue weakening, but there was a risk that future rate cuts could be delayed by shifts in longer-term price- and wage-setting behaviour in the economy. “If that’s ...
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Firefly Aerospace sputters a day after stellar Nasdaq debut

By Manya Saini (Reuters) -Firefly Aerospace shares fell 9% in premarket trading on Friday, in what was perceived as a normal market swing, but the space tech firm’s robust debut highlighted renewed investor appetite for high-growth listings. After nearly three years of a dryspell in new ...
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Trade Desk tumbles after CEO warns of tariff impact on large brand advertisers

(Reuters) -Shares of cloud-based ad tech firm Trade Desk fell by a third during premarket trading on Friday, after CEO Jeff Green warned about ongoing tariff uncertainty pressuring some of the world’s largest advertisers. Trade Desk’s stock move looked set to wipe out over $12 ...
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