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…
Category: Business
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…
Wall Street advances with Nvidia and Fed meeting in focus
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s three major indexes closed higher on Tuesday after shares in…
Meta offers to almost halve Facebook and Instagram monthly fees
By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms has offered to almost halve its monthly subscription fee for Facebook and…
Nvidia unveils flagship AI chip, the B200, aiming to extend dominance
By Max A. Cherney and Stephen Nellis SAN JOSE, California (Reuters) – Nvidia Chief Executive Jensen Huang on Monday kicked…
Wall Street ends higher, investors juggle Fed nerves with AI enthusiasm
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s main indexes closed higher on Monday, with megacap growth stocks…