MEXICO CITY (Reuters) -Mexico’s Becle, the world’s largest tequila producer, on Wednesday posted a 18% fall in first-quarter net profit from a year earlier, still landing above analyst for[...]
Read more
April 24, 2024
Meta shares sink on higher AI spending, light revenue forecast
By Katie Paul and Yuvraj Malik (Reuters) -Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and lighter-than-expected revenue, knocking nearly $200 billion off its s[...]
Read more
Microsoft’s AI lead puts Amazon cloud dominance on watch
By Yuvraj Malik and Aditya Soni (Reuters) – Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com as more businesses[...]
Read more
Microsoft’s and Amazon’s AI partnerships draw UK watchdog scrutiny
LONDON (Reuters) -Britain’s competition watchdog said on Wednesday it was seeking comments on the AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic. The C[...]
Read more
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
By Stephen Nellis SANTA CLARA, California (Reuters) -Taiwan Semiconductor Manufacturing Co said on Wednesday that a new chip manufacturing technology called “A16” will enter production in[...]
Read more
US to decide by late May if Boeing violated prosecution deal, sources say
By Mike Spector and David Shepardson NEW YORK/WASHINGTON (Reuters) -U.S. Justice Department officials plan to decide as soon as late May whether Boeing violated an agreement that shielded the planemak[...]
Read more
Retailer Walmex’s quarterly profit jumps on more stores, higher wages
MEXICO CITY (Reuters) -Walmart’s Mexico and Central America unit posted a 14.4% year-on-year rise in first-quarter net profit on Wednesday, fueled by strong sales across its markets which it att[...]
Read more
S&P 500 ends higher as markets weigh rising yields, upbeat corporate results
By Chibuike Oguh NEW YORK (Reuters) -Benchmark S&P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly[...]
Read more
LATAM scraps plan to acquire Boeing B737s after talks end with bankrupt Gol
By Dietrich Knauth NEW YORK (Reuters) – LATAM Airlines said on Wednesday that it was no longer seeking to acquire Boeing B737 planes either from bankrupt Brazilian carrier Gol or other sources,[...]
Read more