By Akash Sriram and Harshita Mary Varghese (Reuters) -Roku beat Wall Street estimates for second-quarter revenue and posted smaller-than-expected loss on Thursday, benefiting from strong ad sales and[...]
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August 1, 2024
Avast antivirus owner Gen forecasts strong quarterly revenue on robust software demand
By Jaspreet Singh (Reuters) – Cybersecurity firm Gen Digital forecast second-quarter revenue above Wall Street estimates on Thursday, a sign that customers will increase spending on antivirus so[...]
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Workers at BHP’s Escondida mine in Chile reject contract offer, union says
SANTIAGO (Reuters) -Workers at BHP’s Escondida, the world’s largest copper mine, rejected an offer for a new collective bargaining agreement, setting the stage for a potential strike, the[...]
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Wells Fargo faces government probe on anti-money laundering, sanctions
By Lananh Nguyen NEW YORK (Reuters) -Wells Fargo is being investigated by government authorities over issues in its anti-money laundering and sanctions programs, the bank said on Thursday in a filing.[...]
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GM raises bar for employee performance with new ratings system
By Nora Eckert DETROIT (Reuters) -General Motors is changing the way it rates the performance of its salaried employees in the U.S. in a move to better reward high-performers and put pressure on low-p[...]
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DoorDash projects upbeat Q3 core profit on resilient online ordering, shares soar
By Granth Vanaik (Reuters) -Online delivery firm DoorDash forecast third-quarter core profit above expectations and surpassed revenue estimates for the June quarter on Thursday, sending its shares soa[...]
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Wall Street ‘fear gauge’ jumps to three-month high as stocks resume slide
NEW YORK (Reuters) – Wall Street’s most watched gauge of investor anxiety jumped to a more than three-month high on Thursday as U.S. stocks fell sharply after a round of data on Thursday s[...]
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Chip index collapses 7% as Arm punctures AI optimism
By Noel Randewich (Reuters) -U.S. chip stocks plummeted on Thursday in their worst day since 2020 after a conservative forecast from Arm Holdings dampened investor optimism about artificial intelligen[...]
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Booking expects room nights growth to ease, shares fall
(Reuter) – Online travel agency Booking Holdings forecast lower room nights growth in the third quarter after beating analysts’ estimates for second-quarter revenue and profit, sending its[...]
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