Category Archives:
Reddit's holiday-quarter forecast shows AI ad strategy paying off
(Reuters) -Reddit forecast fourth-quarter revenue above Wall Street estimates on Thursday, thanks to its artificial intelligence-powered advertising tools that are boosting marketing spending on the s...
Thomson Reuters 47m ago
Amazon forecasts quarterly revenue largely below estimates
(Reuters) -Amazon.com forecast quarterly revenue largely below Wall Street estimates on Thursday, hurt by a weaker retail business as strong demand for its cloud services as businesses continue to spe...
Thomson Reuters 49m ago
Lumen posts smaller loss as AI boom fuels connectivity demand
By Juby Babu (Reuters) -Lumen Technologies edged past third-quarter revenue estimate and posted a smaller-than-expected loss on Thursday, driven by demand for its network infrastructure to support mas...
Thomson Reuters 50m ago
Gilead posts higher profit as HIV sales rise, helped by prevention drugs
By Deena Beasley (Reuters) -Gilead Sciences said on Thursday its HIV drug sales rose 4% to $5.3 billion in the third quarter including $39 million for its new prevention drug Yeztugo, helping to boost...
Thomson Reuters 51m ago
Fed's Bowman moves to reduce bank-supervision unit by about 30%, Bloomberg News reports
(Reuters) -The U.S. Federal Reserve's top bank cop, Michelle Bowman, announced plans to reorganize the agency's supervision and regulation division and shrink the unit's staff by roughly 30%, Bloomber...
Thomson Reuters 54m ago
FAA delaying flights at Dallas, DC airports over air traffic staffing
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration is delaying flights at Ronald Reagan Washington National Airport and Dallas Fort Worth International Airport due to a...
Thomson Reuters 56m ago
Globalstar draws SpaceX interest in sale process, Bloomberg News reports
(Reuters) -Globalstar is exploring a potential sale and has held early discussions with Elon Musk's SpaceX among other prospective buyers, Bloomberg News reported on Thursday, citing people familiar w...
Thomson Reuters 1h ago
Ford to invest $370 million in India for new engines, Bloomberg News reports
(Reuters) -Ford is planning to invest about $370 million in India to make new engines, Bloomberg News reported on Thursday, citing a person familiar with the matter. Ford did not immediately respond t...
Thomson Reuters 1h ago
Italy opens inquiry into alleged price fixing by Chinese drone maker DJI
ROME (Reuters) -The Italian Competition Authority (AGCM) said it had opened an investigation into the European subsidiary of the Chinese drone maker DJI and its Italian importer over allegations that ...
Thomson Reuters 1h ago
Trump, Xi agree to pause dueling port fees that disrupted trade
By Lisa Baertlein and David Lawder LOS ANGELES/WASHINGTON (Reuters) -The U.S. and China agreed on Thursday to pause tit-for-tat fees on each other's ships that became a major irritant in the broader t...
Thomson Reuters 1h ago
Peoria, IL, USA
54 °F Overcast
