By Chavi Mehta (Reuters) -IBM Corp beat Wall Street expectations for first-quarter profit on Wednesday and signaled demand for IT services was better than feared, sending shares up 3.5% after the bell[...]
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April 19, 2023
Permian in spotlight as energy dealmaking gathers steam
(This April 18 story has been corrected to fix the title to director, not CEO, in paragraph 4) By Mrinalika Roy (Reuters) – Companies with a focus on the oil-rich Permian basin are likely to be[...]
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Tesla settles with engineer accused of taking AI trade secrets
(Corrects typo in lead paragraph) By Blake Brittain (Reuters) – Tesla Inc has settled a lawsuit against one of its former engineers, Alexander Yatskov, whom it accused of stealing trade secrets[...]
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AI companies ask U.S. court to dismiss artists’ copyright lawsuit
By Blake Brittain (Reuters) – Stability AI, Midjourney, and DeviantArt fired back Tuesday at a group of artists who accused them of committing mass copyright infringement by using the artists[...]
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Fed’s Goolsbee says he is watching for other ‘credit shoes’ to drop
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday that after the failure of two large regional Fed banks last month roiled the financial sector, he is waiting[...]
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Analysis-Southwest network failure raises concerns over system’s strength
By Allison Lampert and Rajesh Kumar Singh (Reuters) – A technology failure that temporarily halted all departures of Southwest Airlines Co flights on Tuesday is raising fresh concerns about the[...]
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Bed Bath & Beyond prepares for bankruptcy filing -WSJ
-Bed Bath & Beyond Inc is preparing to file for bankruptcy as early as this weekend, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares of the company tu[...]
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Las Vegas Sands results beat Wall Street estimates on March demand
By Doyinsola Oladipo NEW YORK (Reuters) -Las Vegas Sands Corp on Wednesday reported quarterly revenue that surpassed Wall Street estimates as March visitation levels accelerated gaming volumes, retail[...]
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Marketmind: Low volatility propping up risk appetite
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Stocks may be treading water as investors digest a mixed flow of U.S. earnings and red hot UK inflatio[...]
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