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…
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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…
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…
Ukraine’s survival in danger, Pentagon chief warns
By Idrees Ali and Phil Stewart RAMSTEIN AIR BASE, Germany (Reuters) -U.S. Defense Secretary Lloyd Austin on Tuesday warned that…
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…