By Jaspreet Singh (Reuters) – Pinterest forecast first-quarter revenue largely below Wall Street estimates on Thursday, a sign that it faces tough competition from larger social media players ev[...]
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February 8, 2024
Video game publisher Take-Two’s quarterly booking forecast disappoints
By Zaheer Kachwala (Reuters) -Take-Two Interactive Software forecast fourth-quarter bookings below market expectations and cut its annual estimates on Thursday, on signs of weak demand for its gaming[...]
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Religious investors urge Exxon to drop lawsuit against activist shareholders
By Ross Kerber (Reuters) -A group of religious investors urged Exxon Mobil to drop a lawsuit against climate activists, saying in a letter to the energy company’s board seen by Reuters on Thursd[...]
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Palm oil buyers switch to cheaper rival oils, hampering price recovery
By Rajendra Jadhav MUMBAI (Reuters) – The rebound in palm oil prices is likely to be capped by abundant supplies of rival soyoil and sunflower oil, “soft” oils that are available at[...]
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Ralph Lauren rides strong holiday demand, China rebound to post upbeat results
By Deborah Mary Sophia (Reuters) -Ralph Lauren beat profit expectations for the 14th straight quarter on Thursday, driven by robust holiday demand for its pricey cashmere sweaters, coats and cocktail[...]
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Disney’s Epic deal shows sharp cut in Fortnite maker’s valuation -The Information
(Reuters) – Walt Disney’s investment in Epic Games values the gaming company at $22.5 billion, a steep drop from what the company was valued two years ago, The Information reported on Thur[...]
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Tapestry lifts 2024 profit forecast on China demand rebound, strong margins
By Savyata Mishra (Reuters) -Coach parent Tapestry raised its annual profit forecast on Thursday, betting on full-price sales of its premium handbags and early signs of a demand recovery in key market[...]
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Analysis-As S&P 500 breaches 5,000, its valuation hits lofty levels as well
By Lewis Krauskopf NEW YORK (Reuters) – As the S&P 500 continues to hit fresh milestones with a first-ever break above the 5,000 level, its valuation is reaching new heights as well. The S[...]
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Solar company CubicPV scraps plans for US silicon wafer factory
By Nichola Groom (Reuters) – Solar energy equipment manufacturer CubicPV on Thursday said it had scrapped plans to build a major U.S. silicon wafer factory, citing a collapse in product prices a[...]
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