By Greg Bensinger and Yuvraj Malik (Reuters) – Alphabet beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services. The shares rose about 2% after dipping slightly in after-market trading. They had gained more than 30% this year. Net income in …
Google parent Alphabet beats quarterly revenue, profit estimates Read More »
(Reuters) -Visa’s third-quarter revenue growth fell short of Wall Street expectations as steep borrowing costs limited consumer spending, sending shares of the world’s largest payments processor down 2.1% in extended trading. The U.S. Federal Reserve’s efforts to curb inflation have taken interest rates to their highest since the global financial crisis of 2008, stretching the …
Visa’s third-quarter revenue misses Street expectations, shares dip Read More »
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while it increased spending on AI projects. Tesla recorded automotive gross margin excluding regulatory credits …
Tesla misses Wall Street targets as price cuts, incentives weigh Read More »
By Ludwig Burger and Shivani Tanna (Reuters) -Robert Bosch has agreed to acquire Johnson Controls’ and Hitachi’s residential ventilation businesses for $8 billion, it said on Tuesday, in what will be the German engineering group’s largest takeover to date. Bosch said Johnson’s heating, ventilation and air conditioning (HVAC) business for residential and small commercial applications …
Bosch to buy Johnson Controls air-conditioning assets in $8 billion deal Read More »
By Katie Paul NEW YORK (Reuters) -Meta Platforms released the biggest version of its mostly free Llama 3 artificial intelligence models on Tuesday, boasting multilingual skills and general performance metrics that nip at the heels of paid models from rivals like OpenAI. The new Llama 3 model can converse in eight languages, write higher-quality computer …
Meta unveils biggest Llama 3 AI model, touting language and math gains Read More »
By Purvi Agarwal and Roshan Abraham (Reuters) – Britain’s FTSE 100 closed lower on Tuesday, pressured by commodity-linked stocks which tracked declines in prices of oil and copper, while positive earning updates from companies helped offset declines. The blue-chip FTSE 100 index was down 0.4%, after logging its best session in over a week on …
By Sarah Young LONDON (Reuters) -Britain’s Environment Agency on Tuesday lambasted the country’s water companies for spewing sewage into rivers and seas, saying the majority of them were failing to get the basics right, as it outlined plans for a tougher regulatory approach. Years of under-investment by privately run, profit-seeking water companies in the UK …
UK water companies fail to get basics right, environmental regulator says Read More »
(Reuters) – Stellantis is recalling 19,516 hybrid vehicles in the U.S. as their battery pack may cause a vehicle fire when parked, the U.S. National Highway Traffic Safety Administration said on Tuesday. (Reporting by Disha Mishra in Bengaluru; Editing by Mrigank Dhaniwala)
By Stephanie Hamel and Charlotte Eugenie Yvette Bawol (Reuters) -Dulux paints maker Akzo Nobel reported a 1% rise in second-quarter core profit on Tuesday, falling short of analysts’ expectations, due to weaker volume growth and price increases, sending its shares down. The Dutch paints-and-coatings maker has been focused on cutting costs as the wider industry …
Akzo Nobel’s Q2 core profit misses expectations, sending shares lower Read More »
By Olivier Sorgho and Pauline Foret (Reuters) -Europe’s largest defence electronics company Thales beat market expectations for fresh orders on Tuesday as military clients bought more gear, but margin worries in its space business sent its shares falling more than 4%. Thales has benefited from rising demand for military gear, bolstered by renewed engagements of …
Thales new orders jump 26%, but space business woes weigh on shares Read More »
