By Krystal Hu (Reuters) -Harmonic, an artificial intelligence startup co-founded by Robinhood CEO Vlad Tenev, has raised $120 million in new funding, valuing the company at $1.45 billion, as it tackles AI “hallucinations” — or incorrect or nonsensical answers — by improving the ability to reason. The Series C round for the pre-revenue startup was …
By Anuja Bharat Mistry (Reuters) -Kohl’s on Tuesday projected a smaller drop in sales and bigger profit for the full year ahead of the new CEO’s first holiday season at the helm, sending the U.S. department-store operator’s shares surging as much as 36%. The second annual forecast raise this year also signaled early success of …
Kohl’s shares rally as another forecast raise signals turnaround taking hold Read More »
By Pete Schroeder WASHINGTON (Reuters) -A U.S. bank regulator approved new final rules aimed at easing leverage requirements for banks, requiring firms to set aside less capital as a cushion against losses of low-risk assets. The Federal Deposit Insurance Corporation approved the new final rules for the “enhanced supplementary leverage ratio,” and other bank regulators …
US bank regulator approves relaxed leverage rules Read More »
By Matt Tracy WASHINGTON (Reuters) -Credit rating agency S&P Global on Tuesday placed sportswear company Under Armour’s ratings on watch for potential downgrades. In a Tuesday report accompanying its outlook change, S&P cited Under Armour’s continued restructuring challenges and persistent sales declines, including a 16% drop in footwear sales and 1% dip in apparel sales …
S&P Global puts Under Armour’s ratings on downgrade watch Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Sean Duffy wants airlines to ditch salty pretzels and calorie-laden cookies in favor of on-board healthier options. “I would love some better snacks. I would love a little healthier snack on the airplane,” Duffy said in an interview with Blaze News posted Tuesday, adding it would be …
US transportation chief wants healthier snacks on flights Read More »
By Lisa Richwine LOS ANGELES (Reuters) -Netflix’s hit sci-fi series “Stranger Things” is about to ride to its conclusion with a marketing and merchandising blitz befitting a blockbuster movie. Ahead of the fifth and final season’s debut on Wednesday, thousands turned out in Los Angeles at a cycling event dubbed “One Last Ride,” a nod …
Netflix sends off ‘Stranger Things’ with bike rides and product blitz Read More »
By Anirban Sen NEW YORK (Reuters) -TMX Group, which operates the Toronto Stock Exchange, is expecting a big pickup in stock market listings heading into 2026, boosted by a robust pipeline of companies that are aiming to tap the capital markets in the coming months, executives at the firm told Reuters. Canadian initial public offering …
Toronto Stock Exchange parent sees stronger IPO market heading into 2026 Read More »
(Reuters) -White House economic adviser Kevin Hassett has emerged as the frontrunner to be the next U.S. Federal Reserve chair, Bloomberg News reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Bipasha Dey in Bengaluru, Editing by Franklin Paul)
By Ahmad Ghaddar and Alex Lawler LONDON (Reuters) -OPEC+ is likely to leave output levels unchanged at its meeting on Sunday while focusing talks on a theoretical topic of how much oil its members can produce so the group can decide future policies, three OPEC+ sources said. OPEC+, which includes the Organization of the Petroleum …
OPEC+ seen keeping oil output unchanged, focus on capacity debate Read More »
(Corrects stock move in paragraph 2 to 3% from 6% in early trading, not premarket; also corrects margin forecast drop in paragraph 8 to a range of 1,000 to 1,500 basis points, not 1,500 basis points from 2,500 a year earlier) (Reuters) -Dick’s Sporting Goods on Tuesday missed estimates for third-quarter profit and warned of …
Dick’s Sporting warns Foot Locker reset could cost up to $750 million; shares drop Read More »
