Macy’s lifts annual profit forecast as new CEO’s revamp takes root
(Reuters) -Macy’s raised its profit forecast for the year on Tuesday, as its new CEO’s...
May 2024
Amazon’s cloud unit pauses orders of Nvidia’s most powerful chip, FT reports
(Reuters) – Amazon.com’s cloud services unit has paused orders of Nvidia’s most advanced “superchip” to...
PepsiCo to expand EV fleet in California with Tesla semis, Ford vans
(Reuters) -PepsiCo said on Tuesday it would expand its fleet of electric vehicles in California,...
Google set to bring ads in search AI Overviews
(Reuters) – Google will start testing search and shopping ads in its AI-generated answers in...
Dell deepens AI push with new PCs, Nvidia-powered servers
By Jaspreet Singh and Arsheeya Bajwa (Reuters) -Dell Technologies unveiled a range of AI-enabled PCs...
Wall St, world stocks advance, metals shine
By Stephen Culp NEW YORK (Reuters) -U.S. stocks followed the example of their European counterparts,...
Apple slashes iPhone prices in China amid fierce Huawei competition
BEIJING (Reuters) – Apple has launched an aggressive discounting campaign on its official Tmall site...
Red Lobster probes “endless shrimp” losses after bankruptcy filing
By Dietrich Knauth NEW YORK (Reuters) – Red Lobster, which filed for Chapter 11 bankruptcy...
Fed’s Bowman repeats she’s willing to hike rates if needed
(Reuters) – U.S. Federal Reserve Governor Michelle Bowman on Friday repeated her view that inflation...
J&J-backed startup Rapport files for US IPO
(Reuters) – Biopharmaceutical company Rapport Therapeutics, backed by the venture capital arm of Johnson &...