By Niket Nishant (Reuters) – Trading app Robinhood Markets is lowering the rate of interest it charges on its margin loans, it said on Tuesday, to encourage more customers to avail this facility[...]
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May 21, 2024
AstraZeneca aims for $80 billion in total revenue by 2030
By Maggie Fick and Yadarisa Shabong (Reuters) – AstraZeneca aims to grow revenue by about 75% to $80 billion by 2030, it said on Tuesday, boosted by the expected launch of 20 new medicines and t[...]
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Wilson tennis racket maker Amer Sports beats Q1 estimates on robust demand
Amer Sports topped market expectations for first-quarter revenue and profit on Tuesday, helped by higher pricing and robust demand for its popular sporting goods brands in China and the United States.[...]
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U.S. auto insurance shoppers jump 6% in Q1, TransUnion says
(Reuters) – The number of U.S. customers shopping for auto insurance in the first quarter was 6% higher than a year earlier, according to credit reporting agency TransUnion, underscoring efforts[...]
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AutoZone’s quarterly profit beats estimates on demand for car parts
(Reuters) – AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait t[...]
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Lowe’s quarterly sales decline slower than expected on steady demand for small repairs
By Granth Vanaik (Reuters) -Lowe’s Cos reported a lower-than-expected drop in quarterly sales on Tuesday, helped by more small-scale repairs undertaken by inflation-hit Americans, who have other[...]
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Chinese tech giants slash prices of language models used to power AI chatbots
By Liam Mo and Eduardo Baptista BEIJING (Reuters) – Chinese tech giants Alibaba and Baidu slashed prices on Tuesday of large-language models (LLMs) used to power generative artificial intelligen[...]
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China’s JD.com aims to raise $1.5 billion in convertible bond deal
By Scott Murdoch SYDNEY (Reuters) -Chinese online retailer JD.com is raising $1.5 billion via a convertible bond sale, according to the company’s regulatory filings on Tuesday. The five-year put[...]
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Canadian banks’ quarterly profits seen pressured by higher bad-debt provisions
By Nivedita Balu TORONTO (Reuters) – Canadian banks are expected to set aside money for challenging days, which will hurt quarterly earnings, as investors await commentary on how the lenders wil[...]
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