By Juby Babu (Reuters) -Zoom Communications forecast revenue for the full year and the first quarter below Wall Street estimates on Monday as the company navigates an environment where employers are gradually moving away from hybrid work models. The company’s shares were down 2% to $79.40 in extended trading. Zoom had seen rapid growth in …
Zoom Communications issues dour revenue forecasts as demand slows Read More »
(Reuters) – Coterra Energy beat Wall Street estimates for fourth-quarter profit on Monday and announced a 5% dividend increase, as the oil and gas company benefited from higher oil and natural gas liquids (NGLs) production. The U.S. Energy Information Administration reported that oil production in the country rose to a record high in the previous …
Coterra Energy beats quarterly profit estimates on higher production, raises dividend Read More »
By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – A JPMorgan Chase executive told thousands of employees he wanted “more hustle” days after the bank’s CEO Jamie Dimon scorned staff pushback against its five-day return-to-office policy. The memo illustrates the tension between JPMorgan’s emphasis on in-office culture and employees who cite its strong performance …
Exclusive-JPMorgan executive calls for ‘more hustle’ after return to office mandate Read More »
SYDNEY (Reuters) – Australia’s corporate regulator said on Tuesday the country’s stock market operator would be required to publish a comparison of clearing and settlement fees against foreign providers and justify any fee increases, in a bid to promote competition. The Australian Securities and Investments Commission (ASIC) said ASX, responsible for some A$5 billion ($3.2 …
Australian regulator pushes market operator ASX on fee transparency, competition Read More »
By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) – The American Petroleum Institute trade group on Monday pressed for a nationwide policy on higher-ethanol blends of gasoline after the President Donald Trump’s administration said on Friday it would move ahead with expanded sales of the product in certain Midwestern states. The U.S. Environmental Protection …
Oil trade group pushes US for national ethanol policy after EPA okays Midwest expansion Read More »
(Reuters) – AI startup Anthropic is seeking $3.5 billion in a funding round that would value it at $61.5 billion, two sources familiar with the matter told Reuters on Monday. The startup behind the Claude chatbot could receive backing from venture firms Lightspeed Venture Partners, General Catalyst and Bessemer Venture Partners, the sources said. The …
AI startup Anthropic close to $3.5 billion fundraise, sources say Read More »
By Marianna Parraga and Kemol King GEORGETOWN (Reuters) – Guyana’s government expects a consortium led by U.S. oil major Exxon Mobil to brief officials by the end of March on plans to develop offshore gas, the country’s vice president told Reuters. “They said: ‘by end March, we will tell you what we will do.’ And …
Guyana waiting for Exxon’s gas development plans until end of March, VP says Read More »
(Reuters) – Real estate investment trust Public Storage forecast funds from operations for 2025 below Wall Street expectations on Monday, weighed down by pricing restrictions following the Los Angeles wildfires. Last month, two major wildfires plus several smaller ones created the worst natural disaster in Los Angeles County history, killing 28 people and damaging or …
Public Storage forecasts downbeat 2025 FFO on LA wildfire headwinds Read More »
By Aditya Soni (Reuters) -An analyst note flagging a possible slowdown by Microsoft in leasing data center capacity grabbed the market’s attention on Monday, lending credence to skepticism among investors worried that the AI-led stock-market boom might be running out of steam. TD Cowen analysts in a note Friday said the tech giant had scrapped …
Microsoft data center leases slowing, analysts say, raising investor attention Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. World markets are at a delicate juncture as a string of unexpectedly soft economic indicators intensify U.S. growth concerns, just as rising global trade tensions and geopolitical uncertainty are already clouding the investment landscape. Stocks are feeling the heat and the …
Morning Bid: Peace hopes pierce gloom, but safety trades dominate Read More »
