By Noel Randewich and Johann M Cherian (Reuters) -Wall Street ended sharply higher on Wednesday as ride-hailing platforms Lyft and Uber rallied, while Nvidia displaced Alphabet as the U.S. stock marke[...]
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February 14, 2024
Healthcare REIT Ventas reports rise in Q4 FFO
(Reuters) – Ventas recorded a 4.1% rise in its fourth-quarter normalized funds from operations (FFO) on Wednesday, led by strong demand for its assisted living and senior housing properties. The[...]
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Meta adds exec from key chip partner to board
By Max A. Cherney and Stephen Nellis (Reuters) -Meta Platforms on Wednesday added Broadcom CEO Hock Tan to its board of directors, bringing on the head of a company known for its networking chips. Bro[...]
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Occidental Petroleum beats profit estimates on strong U.S. production
By Sabrina Valle and Sourasis Bose (Reuters) -U.S. oil producer Occidental Petroleum on Wednesday beat estimates for fourth-quarter profit, delivering its best quarterly output in three years and trim[...]
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Equinix expects strong adjusted core earnings on data center demand
(Reuters) – Equinix on Wednesday forecast adjusted core earnings for fiscal 2024 above market expectations on signs of strong demand for its data center services as more companies opt for cloud[...]
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Australia’s Wesfarmers first-half profit jumps on Kmart, Bunnings boost
By Sameer Manekar (Reuters) -Australia’s Wesfarmers posted a better-than-expected half-year profit on Thursday, boosted by strong sales growth at its budget department store operator Kmart and h[...]
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Nvidia replaces Alphabet as Wall St’s third most valuable company
By Noel Randewich (Reuters) -Nvidia eclipsed Google-parent Alphabet as the third most valuable U.S. company on Wednesday, just after overtaking Amazon and as investors looked to the dominant AI chipma[...]
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Daniel Loeb’s Third Point slashes stake in Uber
(Reuters) -Daniel Loeb’s hedge fund, Third Point, reduced its stake in ride-share platform Uber by about 76% to 1 million shares, a filing with the U.S. SEC showed on Wednesday. This disclosure[...]
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Fed’s Barr: ‘Bumpy’ path to 2% inflation means soft landing jury still out
By Howard Schneider WASHINGTON (Reuters) -Hotter-than-expected inflation in January shows that the United States’ path back to 2% inflation “may be a bumpy one,” Fed Vice Chair for S[...]
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