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(Reuters) – E-commerce firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, as economic uncertainty compelled unaffluent buyers to cut discretionary spending, sending its shares down nearly 9% in extended trading. High interest rates and persistent inflation have hampered consumer spending for two years, leading to sluggish demand for non-essential items. “We are …

EBay forecasts quarterly revenue below expectations on weak demand Read More »

(Reuters) -Wells Fargo has ended a policy that required a diverse slate of candidates in the first round of interviews for senior-level roles in the United States, Bloomberg News reported on Wednesday citing a memo to staff. The move will make the bank the latest in the financial industry to scale back its diversity, equity …

Wells Fargo ends diversity policy for senior level recruitment, Bloomberg News reports Read More »

By Sameer Manekar (Reuters) -Australian grocer Coles Group reported a first-half profit in line with market expectations and declared its highest dividend in at least five years on Thursday, helped by the holiday shopping frenzy and a strike at larger rival Woolworths. Shares of the retailer jumped 4% to an all-time high of A$20.48 per …

Australia’s Coles profit meets Street view, dividend highest in over 5 years Read More »

By Zaheer Kachwala (Reuters) -Business software provider Salesforce forecast fiscal 2026 revenue below Wall Street expectations on Wednesday, weighed down by slower adoption of its Agentforce platform, sending shares of the company down around 5% in extended trading. The software-as-a-service pioneer is banking heavily on AI agents to reinvigorate growth at a time when other …

Salesforce sees annual results below estimates as Agentforce adoption lags Read More »

(Reuters) -Snowflake forecast fiscal 2026 product revenue above analysts’ estimates on Wednesday as the data analytics provider sees rising cloud service growth amid advancements in artificial intelligence, sending its shares up 11% in extended trading. The company also said it has integrated OpenAI’s models directly in Snowflake Cortex AI, its fully managed AI service. Snowflake’s …

Cloud analytics firm Snowflake forecasts upbeat full-year product revenue Read More »

MEXICO CITY (Reuters) – Mexico’s Becle, the world’s largest tequila producer, on Wednesday reported a fourth-quarter profit down 21% from a year earlier, hit by a significant decline in its sales and volumes in the United States and Canada. Cuervo, which makes the bulk of its sales from tequila but also produces a range of …

Tequila maker Becle’s profit plummets, drained by lower sales in US and Canada Read More »

By Stephen Nellis and Kritika Lamba (Reuters) -Synopsys on Wednesday forecast second-quarter revenue above Wall Street estimates, citing growing demand for its software used in designing chips. The company’s shares rose 2.45% to $482 in after-hours trading after the results were released. Companies such as Amazon, Google and Apple are investing in designing their own …

Synopsys revenue forecast beats estimates on AI chip boom, shares up Read More »

By Anuja Bharat Mistry (Reuters) -Beyond Meat forecast annual revenue below estimates after posting a wider-than-expected loss on Wednesday, as the faux meat products maker faces persistent demand weakness, sending its shares down 6% in extended trading. Beyond Meat has been losing the steam it garnered a few years ago as consumers began shifting to …

Beyond Meat sees weak annual revenue, posts wider-than-expected quarterly loss Read More »

By Maximilian Heath BUENOS AIRES (Reuters) -Argentina’s main oilseed union SOEA is threatening a national strike in soybean processing plants over a salary dispute at exports conglomerate Vicentin, a union leader said on Wednesday. SOEA secretary Martin Morales told Reuters that Vicentin must pay February wages and that the potential work stoppage would also involve …

Argentine oilseed union threatens strike in key soy processing plants Read More »