(Reuters) – Goldman Sachs upgraded its rating on global equities to “overweight” on prospects of…
Category: Business
JPMorgan to pay about $350 million penalty over trade reporting gaps
(Reuters) -JPMorgan Chase and Co will pay civil penalties of about $350 million to regulators…
OpenAI valued at $80 billion after deal, NYT reports
(Reuters) -Microsoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80…
Nike to cut about 2% jobs to lower costs as demand weakens
By Gursimran Mehar and Ananya Mariam Rajesh (Reuters) -Nike will cut about 2% of its…
Applied Materials hits record high on strong forecast from AI boost
(Reuters) -Applied Materials shares jumped 8% to hit an all-time high on Friday after the…
DoorDash’s rising labor costs weigh on Q1 profit outlook, shares fall
By Granth Vanaik (Reuters) -DoorDash on Thursday forecast a quarterly profitability metric below Wall Street…
Lucid slashes prices of Air luxury EVs again to spur demand
(Reuters) -Electric-vehicle maker Lucid Group lowered prices of its flagship Air luxury sedans by 1%…
Shake Shack surges as strong burger demand fuels quarterly beat
(Reuters) -Shares of Shake Shack soared 21% after the company topped market expectations for quarterly…
Cisco’s AI push in focus as shares fall on tepid networking gear demand
By Samrhitha A (Reuters) – Cisco Systems fell more than 3% on Thursday after the…
Nvidia replaces Alphabet as Wall St’s third most valuable company
By Noel Randewich (Reuters) -Nvidia eclipsed Google-parent Alphabet as the third most valuable U.S. company…