By Jaspreet Singh (Reuters) -Dell forecast current-quarter profit below market estimates on Thursday, and signaled that higher costs to build servers that meet heavy AI workloads would dent annual mar[...]
Read moreMay 30, 2024
Trump Media shares fall after Donald Trump’s hush money conviction
By Chibuike Oguh NEW YORK (Reuters) – Shares of Trump Media & Technology Group dropped 6.5% late on Thursday after a New York jury convicted former President Donald Trump for falsifying docu[...]
Read moreSkydance sweetens offer for Paramount Global, source says
By Dawn Chmielewski (Reuters) -Skydance Media has submitted a sweetened offer for its proposed merger with Paramount Global, according to a person familiar with the matter, the latest twist in a tumul[...]
Read moreFed’s Logan: inflation heading to 2%, too soon to cut rates
EL PASO, Texas (Reuters) -Dallas Federal Reserve Bank President Lorie Logan said on Thursday she believes inflation is still heading to the Fed’s 2% target, although she can imagine “other[...]
Read moreNasdaq falls 1%; Salesforce shares weigh on tech
By Abigail Summerville (Reuters) -U.S. stocks ended lower on Thursday, with the Nasdaq falling more than 1% and technology shares leading declines after a disappointing Salesforce forecast. Investors[...]
Read moreFed officials see inflation falling, signal no rush to cut rates
By Ann Saphir and Michael S. Derby EL PASO, Texas/ NEW YORK (Reuters) -Federal Reserve policymakers continue to expect inflation to fall this year even as the labor market stays strong, leaving them i[...]
Read moreAmazon’s Twitch refurbishes safety advisory council
(Reuters) -Amazon.com’s streaming unit Twitch is refreshing its safety advisory council to add members from its community of so-called “Twitch Ambassadors”, it said on Thursday. The[...]
Read moreGap lifts sales view on strong demand for namesake brand, Old Navy; shares soar
By Savyata Mishra (Reuters) -Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as Americans snap up its tr[...]
Read moreCostco tops revenue estimates on rebound in demand for low-priced discretionary items
By Anuja Bharat Mistry (Reuters) – Costco Wholesale beat third-quarter revenue expectations on Thursday, as cash-strapped consumers flocked to its warehouses to grab low-priced discretionary ite[...]
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