By Aditya Soni and Khushi Singh (Reuters) -Alphabet fell more than 3% on Wednesday on fears that its rising investments in AI infrastructure would squeeze margins and YouTube was facing tough competit[...]
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July 24, 2024
Disney, unions reach tentative pact, avoiding strike at Disneyland
By Dawn Chmielewski ANAHEIM, California (Reuters) -Unions representing 14,000 Disneyland employees said on Wednesday they had reached a tentative labor agreement with Walt Disney Co , averting a work[...]
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Oil prices finish higher as US oil, fuel inventories ease
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled higher on Wednesday, supported by large declines in U.S. crude and fuel stocks, but hovered close to their lowest level in six weeks due to c[...]
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Rivian to face trial in Tesla trade secrets theft case, judge says
(Reuters) -Electric car maker Rivian Automotive will go on trial over allegations that it encouraged its employees who defected from Elon Musk’s Tesla to steal trade secrets, according to a tent[...]
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As losses mount, CrowdStrike says bug in quality-control process led to botched update
By James Pearson LONDON (Reuters) -A software bug in CrowdStrike’s quality-control system caused the software update that crashed computers globally last week, the U.S. firm said on Wednesday, a[...]
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Blackstone’s battered mortgage fund slumps as empty offices intensify pressure
By Michelle Conlin and Matt Tracy NEW YORK (Reuters) -Shares of commercial real estate finance company Blackstone Mortgage Trust fell 10% on Wednesday as the firm cut its dividend 24%, facing continue[...]
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KKR-backed OneStream surges in market debut
By Pritam Biswas and Echo Wang (Reuters) -Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, valuing the company at ne[...]
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No sign Microsoft plans to limit Crowdstrike access to Windows after outage, source says
WASHINGTON (Reuters) – There is no sign Microsoft Corp plans to limit Crowdstrike’s access to the Windows operating system, a person familiar with the issue said, after a global tech outag[...]
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UMG Q2 revenue beat offset by subscription and streaming headwinds
(Reuters) -Universal Music Group, the label representing Taylor Swift, BTS and Drake, on Wednesday recorded higher than expected second quarter sales, which was offset by a slowdown in the subscriptio[...]
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