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...UK gross domestic product is tipped to grow by just 0.5 per cent this year in the IMF’s latest World Economic Outlook, the second-slowest growth rate among G7 countries after Germany....
...Rating agency Fitch has downgraded its long-term outlook on China to negative, prompting an expression of “regret” from the country’s finance ministry....
...US stocks rallied on Thursday, building on momentum from the prior session as investors assessed the outlook for interest rate cuts in a busy week for central banks....
...“But the medium-term economic outlook remains challenging,” said the OBR....
...However, it has been rising for five months, indicating the outlook for the bloc is improving after the economy stagnated for most of 2023....
...US stocks swung into negative territory after a wave of Fedspeak prompted investors to reassess the outlook for potential interest rate cuts from the central bank....
...Shares of US chipmaker Micron surged to a record high after it reported on Wednesday a swing to profit and a bullish outlook spurred by artificial intelligence demand....
...The steady outlook came as the company reported mixed first-quarter results....
...The steady outlook came as the company reported a mixed result for its first quarter, which included revenue — of almost $12bn — that topped Wall Street forecasts and it credited to its acquisition of VMware...
...Shares of Micron surged more than 12 per cent on Wednesday after the US chipmaker swung to a profit for the first time since 2022 and shared a rosy outlook for the current quarter, crediting strong demand...
...Shares in one of Apple’s US-listed suppliers were set for their biggest one-day drop in more than a decade after a slowdown in 5G and renewable energy markets prompted it to cut its annual outlook....
...The company, best known for being Apple’s top contract manufacturer, also reported an optimistic outlook based on an expected rise in demand for the server and data centre equipment needed for running emerging...
...Adobe shares sank 10 per cent in after-hours trading as a soft revenue outlook contrasted with the broader hype around companies’ uprgrading their products with artificial intelligence technology....
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