Reuters US Business

By Chavi Mehta, Max A. Cherney and Stephen Nellis (Reuters) -Intel forecast fourth-quarter revenue above Wall Street estimates on Thursday, optimistic about a healthy rebound in the personal computer market as it readies new chips to handle artificial intelligence on laptops. The company also has secured three customers for its chip contract manufacturing business, with …

Intel forecast beats expectation as manufacturing momentum builds Read More »

By Bansari Mayur Kamdar and Douglas Gillison (Reuters) -The U.S. Securities and Exchange Commission (SEC) has eight to 10 filings of possible exchange-traded products for bitcoin in front of it for consideration, SEC Chair Gary Gensler said Thursday. Bitcoin has rallied this week on speculation that SEC approval is imminent for a spot bitcoin exchange-traded …

U.S. SEC has 8-10 filings of possible bitcoin ETF products Read More »

By Jeffrey Dastin and Akash Sriram (Reuters) -Amazon.com Inc on Thursday predicted a rise in holiday revenue that could still miss Wall Street expectations, buoyed by a recent marketing blitz, faster delivery and stabilizing outlook for its cloud division. Amazon shares rose as much as 5% in after-hours trading before turning negative to slip 0.3%. …

Amazon predicts higher holiday season sales, cloud stabilizing Read More »

By Lisa Baertlein (Reuters) – United Parcel Service on Thursday said it is spending more than $1 billion this quarter to buy two companies it hopes will bolster profit and volumes amid bare-knuckled market share battles with delivery rivals like FedEx. The world’s biggest parcel delivery firm on Wednesday announced an agreement to buy Happy …

UPS targets lucrative e-commerce returns, healthcare with acquisitions Read More »

By Douglas Gillison and Isla Binnie WASHINGTON (Reuters) – Establishing rules for U.S. companies to follow when reporting environmental risks would help them avoid the confusion of trying to use foreign frameworks, Gary Gensler, chair of the Securities and Exchange Commission, said on Thursday. Gensler told an event held by the U.S. Chamber of Commerce …

US SEC chair makes pitch for climate rule to corporate group Read More »

(Reuters) – Chipotle Mexican Grill surpassed market expectations for quarterly results on Thursday, as demand for its burritos, rice bowls and special menu promotions defied higher prices and weakness in the broader restaurant industry. Shares rose more than 5% in extended trading, after the company also reported a 100-basis-point increase in quarterly operating margin, on …

Chipotle beats results estimates as demand defies high prices Read More »

MEXICO CITY (Reuters) – Mexico’s largest broadcaster Televisa on Thursday posted a 4.8% dip in third-quarter revenues that swung its earnings into a net loss. Televisa, whose share price suffered last week as traders predicted more troubles for its cable and satellite units, reported a net loss of 918.5 million pesos, compared to a profit …

Mexico’s Televisa swings to net loss in third quarter Read More »

(Reuters) – Medical device maker Dexcom on Thursday raised its annual revenue forecast and beat quarterly estimates on strong demand for its continuous glucose monitoring (CGM) devices, sending its shares more than 11% higher in extended trading. Quarterly sales rose 27% to $975 million, surpassing analysts’ estimates of $939.24 million, according to LSEG data. Larger …

Dexcom lifts 2023 revenue view on strong demand for diabetes devices Read More »

WASHINGTON (Reuters) – U.S. auto safety officials said on Thursday they are investigating two additional reports of General Motors robotaxi unit Cruise self-driving cars engaging in inappropriately hard braking and being struck by other vehicles. The National Highway Traffic Safety Administration (NHTSA) said in December it had opened a formal safety probe into Cruise after …

US auto safety agency investigating two new GM Cruise crash reports Read More »

By Martin Coulter LONDON (Reuters) – EU industry chief Thierry Breton has launched investigations into three tech platforms over content moderation decisions, including Elon Musk’s X. The tech giants have faced mounting scrutiny in recent weeks, with a surge in harmful content and disinformation following Hamas’ attack on Israel. Under the bloc’s wide-sweeping Digital Services …

EU’s Breton confirms investigations into three tech platforms, including X Read More »