By Medha Singh (Reuters) -Shares of C3.ai Inc dropped 13% on Thursday after the software maker’s disappointing quarterly revenue forecast dented some of the recent euphoria around artificial int[...]
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June 1, 2023
CNN Worldwide appoints Warner Bros Discovery’s David Leavy as COO
(Reuters) – Warner Bros Discovery Inc senior executive David Leavy has been appointed as chief operating officer of CNN Worldwide, effective June 20, the media network said on Thursday. Leavy, w[...]
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Semi shorts down $18 billion in mark-to-market losses in 2023, S3 Partners says
NEW YORK (Reuters) – Short sellers in U.S. shares related to the semiconductor industry are down $18.31 billion in mark-to-market losses for the year to date, including $7.2 billion in losses si[...]
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Global factories struggle for momentum amid patchy demand
By Jonathan Cable, Leika Kihara and Lucia Mutikani LONDON/TOKYO/WASHINGTON (Reuters) – Sluggish global demand deepened the decline in manufacturing activity across Europe and the United States a[...]
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Macy’s forecasts dour 2023, blames higher promotions to counter slow demand
By Ananya Mariam Rajesh (Reuters) -Macy’s Inc on Thursday cut annual sales and profit forecasts, blaming an inflation-induced slowdown in demand for disrupting the department store chain’s[...]
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Vanguard fined for providing misleading account statements to its customers
By Jaiveer Shekhawat (Reuters) -Vanguard Group, the world’s largest issuer of mutual funds, was fined and censured by the Financial Industry Regulatory Authority (FINRA) for errors appearing in[...]
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Gap settles Patagonia trademark lawsuit over ‘iconic’ pocket design
By Andrew Goudsward (Reuters) – Outdoor clothing retailer Patagonia Inc has settled its lawsuit accusing Gap Inc of illegally copying the “iconic” snapped flap pocket that the compan[...]
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US weekly jobless claims rise slightly; labor market defies recession fears
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased modestly last week and private employers hired more workers than expected i[...]
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Will OPEC+ announce more output cuts? Analysts have their say
(Reuters) – The Organization of the Petroleum Exporting Countries with Russia and other allies, or OPEC+, meet on June 4 to discuss whether additional oil production cuts should be implemented.[...]
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