By Akash Sriram and Abhirup Roy (Reuters) -Electric-pickup maker Rivian on Tuesday stuck to a 2024 production forecast well below Wall Street targets and reported a wider-than-expected first-quarter l[...]
Read more
May 7, 2024
S&P, Dow end slightly up, extend closing streaks despite Disney drag
By David French (Reuters) -The S&P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations t[...]
Read more
Explainer-The latest investigation into the Boeing 787
(Reuters) – The Federal Aviation Administration said on Monday it has opened an investigation into the Boeing 787 Dreamliner to see whether some employees committed “misconduct” by c[...]
Read more
Reddit’s strong forecasts spark share surge after first results since IPO
By Aditya Soni (Reuters) -Reddit said it could post an adjusted profit in the second quarter thanks to its booming advertising business and content-licensing deals with AI companies, impressing invest[...]
Read more
Match Group expects quarterly revenue below estimates as spending on dating apps falls
By Jaspreet Singh (Reuters) -Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as people dial back spending on dating apps, weighing on user growth. Sha[...]
Read more
Retailer Falabella posts first-quarter profit on Peru business
(Reuters) – Chilean retailer Falabella on Tuesday posted a net profit for the first quarter, reversing a year-ago loss, boosted by operations in Peru. The store operator and financial services p[...]
Read more
Panera Bread to phase out “Charged Sips” caffeinated drinks
(Reuters) – Fast-food chain Panera Bread is phasing out “Charged Sips”, its line of caffeinated drinks, a company spokesperson said on Tuesday. The beverage line has been the subject[...]
Read more
Morning Bid: Bullish momentum fades, yen intervention risks rise
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets reach the mid-point of the week still sailing in fairly calm waters, although signs that the recent decline[...]
Read more
Levi Strauss settles lawsuit against Italy’s Brunello Cucinelli over trademarked tab
By Jonathan Stempel (Reuters) -Levi Strauss has settled its lawsuit accusing the Italian luxury fashion brand Brunello Cucinelli of infringing its familiar, trademarked rectangular pocket tab. The set[...]
Read more