By Yuvraj Malik (Reuters) -Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected t[...]
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May 1, 2024
DoorDash disappoints Wall Street with downbeat quarterly core profit
By Granth Vanaik and Waylon Cunningham (Reuters) – Shares of DoorDash sank more than 14% in extended trading on Wednesday after it projected second-quarter core profit below estimates, signaling[...]
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Devon Energy beats Q1 profit estimate on higher production
(Reuters) – U.S. shale producer Devon Energy beat first-quarter profit estimates on Wednesday as higher production from Delaware basin helped it offset a decline in natural gas prices. The Oklah[...]
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Airbnb launches new global marketing strategy geared around experiences
By Doyinsola Oladipo NEW YORK (Reuters) – Airbnb announced its newest marketing strategy geared towards bringing in new customers by offering unique experiences as it expands beyond its core bus[...]
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First Solar posts higher quarterly profit on strong demand
(Reuters) – First Solar reported higher first-quarter profit on Wednesday compared to the same period last year, helped by resilient demand for solar energy. The company reported a net profit of[...]
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EBay forecasts Q2 revenue below estimates as consumer spending remains strained
(Reuters) – Ecommerce firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday, as demand cools for its key product categories like collector’s items and auto par[...]
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Fed announces reduction in balance sheet runoff pace
By Michael S. Derby (Reuters) -The Federal Reserve announced plans on Wednesday to slow the speed of its balance sheet drawdown to ensure this process does not create undue stress in financial markets[...]
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US regulators discuss finalizing bank capital rules as soon as August, Bloomberg News reports
(Reuters) -The Federal Reserve and other top U.S. regulators are forging ahead with their plan to make big banks hold more capital, Bloomberg News reported on Wednesday. Key officials have decided to[...]
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Comcast pulls Bally Sports channels, imperiling US broadcaster’s restructuring
By Dietrich Knauth NEW YORK (Reuters) – Cable provider Comcast stopped broadcasting Bally Sports channels on Wednesday, taking some MLB games off the air and imperiling the bankruptcy restructur[...]
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