Yellen would welcome US legislation to aid cannabis banking access
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday she would welcome legislation that would…
Month: March 2024
Top 5 Defense Stocks Poised to Soar in the Months Ahead
With wars actively being waged in several parts of the world right now – and the prospect for additional conflicts…
FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%
By Lisa Baertlein and Aishwarya Jain (Reuters) -FedEx narrowed its fiscal 2024 profit forecast on Thursday, raising the bottom end…
Lululemon warns of slowing North America sales as spending falters
By Annett Mary Manoj (Reuters) -Lululemon Athletica forecast annual revenue and profit below expectations on Thursday as demand wanes for…
Microsoft pays Inflection $650 million in licensing deal while poaching top talents, source says
By Krystal Hu and Harshita Mary Varghese (Reuters) -Microsoft has agreed to pay AI startup Inflection about $650 million in…
Apollo offers $11 billion for Paramount’s Hollywood studio, source says
By Dawn Chmielewski (Reuters) – Private equity firm Apollo Global Management has offered $11 billion for Paramount Global’s Paramount Pictures…
Wall St ends higher as Fed keeps three rate cuts on the horizon
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s main stock indexes closed higher on Wednesday after the Federal…
US ETF issuers rush to offer investors new ways to bet on US tech megacap stocks
By Suzanne McGee (Reuters) – Asset management companies seeking to offer investors still more ways to play the boom in…
Super Micro’s shares drop after pricing stock offering at discount
(Reuters) – Super Micro Computer’s shares fell 5% on Wednesday after the AI server maker announced the pricing of its…
Biden pushes plan to lower rents, blasts Trump in Nevada
By Jeff Mason LAS VEGAS (Reuters) -U.S. President Joe Biden highlighted plans to lower housing costs during stops across Nevada…