By Andy Sullivan WASHINGTON -Large swaths of the U.S. government would be forced to stop operating at midnight on March 14 if Congress does not pass detailed spending legislation that would keep agencies running. WHY WOULD THE GOVERNMENT SHUT DOWN? Congress is supposed to allocate funding to 438 government agencies before October 1, the start […]
Wall Street sells off as tariff policy, tech concerns mount
NEW YORK (Reuters) -Major U.S. stock indexes declined sharply on Thursday with investors concerned about the impact President Donald Trump’s trade policy may have on companies and the broader economy, while Marvell Technology’s revenue forecast sparked concerns about spending on artificial intelligence infrastructure. Below are investor comments about the selloff, which saw the S&P 500 […]
Perth Mint’s gold, silver sales rise in February
(Reuters) – The Perth Mint’s gold product sales jumped in February, while silver sales rose 16% from the previous month, the refiner said on Friday, driven by strong demand. WHY IT IS IMPORTANT The Perth Mint, owned by the government of Western Australia, is the world’s leading producer of newly mined gold. It is also […]
Marvell’s tepid revenue forecast reignites AI spending fears, shares slump
By Arsheeya Bajwa (Reuters) -Marvell Technology tumbled over 20% and dragged down rival chipmakers on Thursday, after an in-line revenue forecast gave investors another reason to be jittery about spending on AI infrastructure, as a years-long rally shows signs of cooling. Stock hit a four-month low of $71.65 earlier in the day. Wall Street had […]