Investors punish Microsoft, Alphabet as AI returns fall short of lofty expectations
By Jeffrey Dastin and Samrhitha A (Reuters) -Tech giants on Tuesday talked up how customers are lapping up their generative…
Month: January 2024
Biogen drops Alzheimer’s drug Aduhelm, ending a 17-year chapter
(Reuters) -Biogen will end a post-approval study of Alzheimer’s treatment Aduhelm and return the licensing rights on the drug after…
Nasdaq ends lower ahead of big tech earnings, focus on Fed
By Stephen Culp NEW YORK (Reuters) -The tech-heavy Nasdaq lost ground on Tuesday as the market awaited a spate of…
Microsoft touts AI strength, but shares dip as market digests costs
By Stephen Nellis, Yuvraj Malik and Anna Tong (Reuters) -Microsoft beat market estimates for quarterly profit and revenue on Tuesday,…
Payments firm PayPal to reduce global workforce by 9% in 2024
By Hannah Lang and Manya Saini (Reuters) -Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9%…
Oil prices climb on geopolitical tensions, positive economic data
By Nicole Jao NEW YORK (Reuters) -Oil prices rose on Tuesday as a higher global economic growth forecast and escalating…
Stocks meander, yields mixed after strong US labor data
By Herbert Lash NEW YORK (Reuters) -Short-dated Treasury yields rose and a gauge of global equities seesawed near two-year highs…
Boeing to withdraw MAX 7 exemption request as safety scrutiny intensifies
By David Shepardson, Valerie Insinna and Tim Hepher WASHINGTON/DUBLIN (Reuters) – Boeing said on Monday it was withdrawing a request…
GM shares jump as CEO Barra promises shareholders more cash
By Joseph White DETROIT (Reuters) -General Motors shares jumped Tuesday after the company gave investors an upbeat outlook for 2024…
Fed in a trust-but-verify moment as inflation falls
By Howard Schneider WASHINGTON (Reuters) – In economic projections issued after their December meeting U.S. Federal Reserve officials on balance…