(Reuters) – McDonald’s is set to report a sequential drop in sales growth for the fourth straight quarter as low-income consumers remain hesitant about eating out even as fast-food chains[...]
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NEWSLETTER
Crypto firm Consensys sues U.S. SEC over Ethereum Regulation
(Reuters) -Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) tied to the regulation of the Ethereum blockchain, the crypto firm said on Thursday. The regulation o[...]
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Deutsche Bank Quarterly Profit Jumps 10% As Investment Bank Outperforms
By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -Deutsche Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-ma[...]
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Elon Musk’s Big Bet: Tesla to Ramp Up AI Development with Nvidia’s Powerful Chips
Tesla Inc (NASDAQ:TSLA) may install 85,000 Nvidia Corp (NASDAQ:NVDA) H100 chips by year-end to train its artificial intelligence (AI) models. If CEO Elon Musk proceeds with this plan, Tesla will surpa[...]
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Coca-Cola signs $1.1 billion deal to use Microsoft cloud, AI services
By Stephen Nellis (Reuters) – Microsoft said on Tuesday that Coca-Cola had signed a $1.1 billion five-year deal to use its cloud computing and artificial intelligence services. Under the agreeme[...]
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Profit Momentum Of Big Six Tech Companies To ‘Collapse’ Over 2024, UBS Says
By Roshan Abraham and Siddarth S (Reuters) – Profit growth momentum of the so-called Big Six technology stocks could “collapse” over the next few quarters, UBS Global Research strate[...]
Read moreThese 3 Consumer Stocks Delivering High-Dividend Yields Are Recommended By Wall Street’s Most Accurate Analysts
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high[...]
Read moreWalmart-Backed Digital Marketing Company Ibotta Set For IPO Amid AI Buzz: Details
Walmart Inc (NYSE:WMT) backed Ibotta, a digital marketing company, anticipates raising $577.3 million with a valuation of around $2.7 billion after pricing its initial public offering on Wednesday. Ib[...]
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U.S. Regional Banks Seen Booking More Commercial Property Losses, Loan Sales
By Saeed Azhar and Matt Tracy (Reuters) -U.S. regional banks are expected to set aside more money to cover potential commercial real estate (CRE) losses and sell more property loans as the sector rema[...]
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