Reuters US Business

CrowdStrike forecasts upbeat quarterly revenue as AI adoption fuels growth

3 Dec 2025

By Kritika Lamba Dec 2 (Reuters) – CrowdStrike forecast fourth-quarter revenue above analysts’ estimates on Tuesday, as the cybersecurity firm benefits from growing adoption of AI across its product suite. Shares of the company rose about 1% in extended trading. The company has been rolling out AI-driven features on its Falcon platform, including new detection …

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Dell family to donate $6 billion to ‘Trump accounts’ of 25 million US children

3 Dec 2025

By Jaspreet Singh and Jeff Mason WASHINGTON, Dec 2 (Reuters) – Entrepreneur Michael Dell and his wife, Susan, will deposit $250 in the individual investment accounts of 25 million American children in a $6.25 billion philanthropic pledge as part of the Trump administration’s Invest America initiative. The initiative, known as “Trump accounts”, was created this …

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American Eagle lifts annual sales forecast on marketing-driven holiday demand

3 Dec 2025

By Neil J Kanatt Dec 2 (Reuters) – American Eagle Outfitters raised its annual comparable sales forecast on Tuesday, betting on marketing-driven demand for its apparel and accessories during the holiday season, sending its shares up about 11% after the bell. Successful marketing campaigns, along with its focus on high-earning consumers, have helped the company …

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Baldwin strikes $1 billion deal for rival insurance broker CAC Group

3 Dec 2025

Dec 2 (Reuters) – The Baldwin Group said on Tuesday it will buy rival insurance broker CAC Group in a $1.03 billion cash-and-stock deal, adding to a string of mergers in recent years as industry consolidation accelerates. U.S. insurance brokers have looked past bolt-on acquisitions and turned to billion-dollar deals over the past two years …

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Microchip Technology raises profit, revenue expectations for third quarter

3 Dec 2025

Dec 2 (Reuters) – Chipmaker Microchip Technology on Tuesday raised its expectations for third-quarter net sales and earnings per share, driven by strong bookings, sending its shares up 2.3% in extended trading. The company now expects adjusted earnings per share of 40 cents, which is at the higher end of its earlier projected range of …

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AT&T commits to ending DEI programs

2 Dec 2025

By David Shepardson WASHINGTON, Dec 2 (Reuters) – U.S. wireless carrier AT&T said in a letter to the U.S. telecoms regulator that it had committed to ending diversity, equity and inclusion programs, a move that comes as it seeks approval from the Trump administration to buy wireless spectrum assets. In November 2024, AT&T agreed to …

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Blackstone launches unit to channel retirement savings for private investments

3 Dec 2025

By Isla Binnie NEW YORK (Reuters) -Leading asset manager Blackstone has launched a unit to channel more retirement funds globally into private market investments, a potentially multi-trillion-dollar opportunity in the United States alone, it said on Wednesday. The sector’s ambitions to tap those savings received a boost in August when U.S. President Trump signed an …

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Hedge funds boost AI tech bets to highest since 2016, Goldman Sachs says

3 Dec 2025

By Nell Mackenzie LONDON (Reuters) -Hedge funds’ exposure to artificial intelligence-related tech hardware reached its highest in October since Goldman Sachs started tracking the data in 2016, the U.S. bank said in a client note. Hedge fund buying in semiconductor and related chip industry stocks, considered to be sensitive to economic and business cycles, suggests …

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