#Japan may introduce measures to provide tax breaks for companies converting #foreign #profits into #the_yen and include it in the government’s annual mid-year policy blueprint compiled in the summer, the #Sankei newspaper reported. The tax holiday may be deployed as a policy tool to stem the yen’s sharp declines, incentivising firms to return overseas […]

  #Ukraine launched drones on several #Russian regions in hours leading to Wednesday morning, #Russian officials said, with #unofficial #Russian_news outlets reporting a fire at the Ryazan oil refinery after the #attack. Pavel Malkov, governor or the Ryazan region, which shares a border with the Moscow region in its northwestern parts, said that there were

  #Oil_prices fell sharply in #Asian #trade on Wednesday, extending recent losses as signs of an unexpected build in #usa_stockpiles and strong crude production sparked doubts over tight supply conditions.  #Markets were also on edge before the conclusion of a Federal Reserve meeting later in the day, where the #central_bank is widely expected to strike

  #Japanese and #Australian_stocks fell on Wednesday, leading losses across #Asia as fears of higher-for-longer #usa_interest rates grew before the conclusion of a #Federal_Reserve meeting later in the day. Most other markets in the region were closed for the Labor Day holiday, which also kept broader trading volumes largely muted.  #Risk appetite was decidedly negative

  #Super_Micro_Computer (NASDAQ:#SMCI) reported mixed results for the fiscal #Q3 #2024 and raised revenue outlook for the full year. Shares fell 2.7% in after-hours #trading. The company posted quarterly earnings per share (#EPS) of $6.65, beating the analysts’ expectations of $5.80. However, revenue came in at $3.85 #billion, notably below the consensus estimate of $3.99

  #Amazon reported Tuesday first-quarter results that topped #Wall_Street estimates as better-than-expected performance in its cloud business underscored renewed cloud demand from the #artificial-intelligence boom.      #Amazon_Inc (NASDAQ:#AMZN) rose more than 3% in afterhours #trading following the report. #Amazon reported Q2 EPS of $0.98 on revenue of $143.31 #billion, beating estimates of $0.84 on

  The S&P 500 fell Tuesday, snapping a five-month winning streak as data pointing to wage pressure stoked inflation concerns just as the #Federal_Reserve gets its two-meeting underway. At 16:00 ET (20:00 GMT), #Dow_Jones Industrial Average fell 570 points, or 1.1%, S&P 500 dropped 1.5%, while NASDAQ Composite fell 2%. The S&P 500 posted a