By Max A. Cherney and Chavi Mehta (Reuters) -Advanced Micro Devices on Tuesday forecast a strong finish to the year, driven by the planned launch of artificial-intelligence chips that could compete wi[...]
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August 1, 2023
Instant View: Fitch downgrades U.S. foreign currency ratings to ‘AA+’ from ‘AAA’
(Reuters) – Ratings agency Fitch on Tuesday downgraded the United States’ long-term foreign currency ratings to AA+ from AAA, reflecting expected fiscal deterioration over the next three y[...]
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Pinterest sees stronger margins as ad rebound boosts quarterly results
(Reuters) -Image-sharing platform Pinterest beat Wall Street targets for second-quarter results on Tuesday and forecast higher margins for the year, supported by an advertising market recovery and cos[...]
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Starbucks misses quarterly sales estimates, sees lasting China rebound
By Deborah Mary Sophia and Kailyn Rhone (Reuters) -Starbucks missed market expectations for quarterly comparable sales on Tuesday, with demand for its coffees and cold drinks showing some signs of tap[...]
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Shale producers Pioneer Natural, Devon tighten budgets after profits plunge
By Arunima Kumar and Arathy Somasekhar (Reuters) -Shale producers Pioneer Natural Resources Co and Devon Energy Corp on Tuesday tightened budgets and warned of lower drilling and completions activity[...]
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Assurant profit beats on global housing unit strength, higher investment returns
(Reuters) – Insurer Assurant Inc sailed past Wall Street estimates for profit in the second quarter on Tuesday, on the back of growth in its global housing unit and higher investment income. Sha[...]
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Insurer AIG profit beats estimates on gains in life and retirement unit
(Reuters) – American International Group exceeded second-quarter profit expectations on Tuesday, driven by growth at its life and retirement unit and lower-than-expected catastrophe losses in wh[...]
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GM issues new Takata recall covering over 900 vehicles
By David Shepardson WASHINGTON (Reuters) – General Motors Co said Tuesday it will recall just over 900 older vehicles worldwide with Takata air bag inflators that could rupture after an incident[...]
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Cloud company assisted 17 different government hacking groups -US researchers
By Raphael Satter and Christopher Bing (Reuters) – An obscure cloud service company has been providing state-sponsored hackers with internet services to spy on and extort their victims, a cybers[...]
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