Reuters US Business

By Pritam Biswas (Reuters) -Coinbase Global beat analysts’ estimates for third-quarter profit on Thursday, as heightened volatility in digital assets boosted trading volumes at the cryptocurrency exchange, sending its shares up more than 3% after the bell. Digital assets rallied in July as crypto-friendly policies by U.S. President Donald Trump attracted institutional investor interest, catapulting …

Crypto exchange Coinbase beats Street estimates as trading volumes surge Read More »

(Reuters) -Roku on Thursday forecast that its revenue growth will slow further in the fourth quarter, overshadowing its first operating profit since 2021 and sending shares down over 5% after the bell. The company expects revenue growth of 12% for the current quarter, below the 14% reported in the third quarter and the 15% growth …

Roku sees deceleration in quarterly revenue growth, shares fall Read More »

By Deena Beasley (Reuters) -Gilead Sciences said on Thursday its HIV drug sales rose 4% to $5.3 billion in the third quarter including $39 million for its new prevention drug Yeztugo, helping to boost its profit. Overall product sales, however, fell 2% to $7.3 billion due to lower COVID-19 and cancer cell therapy sales. Gilead …

Gilead posts higher profit on demand for HIV drugs, but overall sales dip Read More »

(Reuters) -Social media giant Meta Platforms will raise up to $30 billion in its biggest bond offering ever, it said in a filing on Thursday, as Big Tech rushes to fund the costly expansion of artificial intelligence infrastructure. Meta, navigating a period of intense investments in AI that is creating significant cost pressures, has flagged …

Meta to raise $30 billion in its biggest bond sale as AI expansion costs rack up Read More »

(Reuters) -OpenAI, Oracle and Related Digital will build a data-center campus of more than 1 gigawatt in Saline Township, Michigan, as part of their Stargate push to expand U.S. artificial intelligence infrastructure capacity. The announcement made on Thursday underscores the AI industry’s surging appetite for computing power, driven by the pursuit of technology capable of …

OpenAI, Oracle plan 1 gigawatt Stargate data center in Michigan with Related Digital Read More »

By Chris Prentice and Douglas Gillison WASHINGTON (Reuters) -U.S. President Donald Trump’s Department of Government Efficiency initiative, or DOGE, has wrapped up work at the Securities and Exchange Commission and will exit the agency this week, two sources familiar with the matter told Reuters on Thursday. The group, originally led by billionaire Elon Musk, has overseen …

DOGE to leave top US markets regulator, sources say Read More »

(Reuters) -Netflix on Thursday announced a ten-for-one stock split, making the streaming company’s shares more affordable for retail investors. The company said it would issue nine additional shares for each share held after close of trading on Nov 10, adding that the split will make its stock more accessible to employees participating in its stock …

Netflix announces ten-for-one stock split, shares rise Read More »