By Ananya Mariam Rajesh (Reuters) – Results from Walmart, a bellwether for the U.S. retail industry, will offer proof on Thursday why the Arkansas behemoth is best placed to navigate the uncertainty from the Trump administration’s tariffs. Walmart is among a handful of large companies that has not either pulled or slashed its forecast. The …
How Walmart handles Trump’s tariffs could offer clues on retail health Read More »
(Reuters) -Netflix said on Wednesday 94 million subscribers use its advertising-supported tier, up from 70 million in November, as the video-streaming giant’s lower-priced plan sees strong support amid global economic uncertainty. With more than 300 million global customers, Netflix is seeing robust spending across all streaming tiers and had said in April it is not …
Netflix says ad-supported service has 94 million subscribers Read More »
By Arsheeya Bajwa and Zaheer Kachwala (Reuters) -CoreWeave is looking to spend $20 billion to $23 billion this year on AI infrastructure and data center capacity, the Nvidia-backed company said on Wednesday, as it aims to meet booming demand from clients, including Microsoft. The heavy-spending plan weighed on its shares, which fell 5% after surging …
Nvidia-backed CoreWeave to spend up to $23 billion this year to tap AI demand boom Read More »
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve policymakers are leaving interest rates where they are while they try to assess how U.S. President Donald Trump’s sweeping tariffs and ongoing trade negotiations will affect prices and the economy. So far, the hard data is giving them little to go on. “We’re still kind …
Fed policymakers on hold to seek clarity from the data, but the data are not cooperating Read More »
By Tom Hals WILMINGTON, Delaware (Reuters) -In the coming weeks, investors in nine public companies worth at least $1 billion each will vote on proposals to ditch Delaware as their place of incorporation, potentially denting the state’s longtime reputation as Corporate America’s capital, Reuters has found. Five companies with a stock market value of at …
In Tesla’s wake, more big companies propose voting ‘Dexit’ to depart Delaware Read More »
(Reuters) -The U.S. Food and Drug Administration has approved AbbVie’s drug to treat adults with a type of lung cancer who have received previous treatment, the drugmaker said on Wednesday. The treatment, branded as Emrelis, belongs to a class of drugs known as antibody-drug conjugates, which act as “guided-missiles” that target only cancer cells while …
US FDA approves AbbVie’s drug for a type of lung cancer Read More »
NEW YORK (Reuters) – Discovery Capital’s founder Rob Citrone said on Wednesday his favorite stock at this moment is Mexico’s America Movil due to its exposure to many different countries in Latin America. Citrone, who manages a macro hedge fund, is bullish on Latin America as a diversification to investments in the U.S. Discovery posted …
Discovery’s Citrone says America Movil is his top stock name Read More »
By Juby Babu (Reuters) -Cisco Systems said on Wednesday that its finance chief Scott Herren will retire from the company in July, and raised its annual results forecast, betting on steady demand from cloud customers for its networking equipment, driven by the artificial intelligence boom. Herren will be replaced by Mark Patterson, currently Cisco’s chief …
Cisco lifts annual forecast on AI boost, names insider Patterson as new CFO Read More »
(Reuters) -Perplexity AI said on Wednesday it had partnered with payments firm PayPal to enable direct purchases within its chat interface. The deal will strengthen Perplexity’s agentic commerce offering, a rapidly growing trend where AI agents not only help consumers with shopping but also handle transactions for them. Through the partnership, users will be able …
Perplexity, PayPal partner to provide easy payment checkouts to users Read More »
(Reuters) – Databricks said on Wednesday it would buy database startup Neon in a deal valued at about $1 billion, aiming to strengthen its analytics platform with technology that can help businesses develop and use artificial intelligence agents more easily. Demand for AI agents, programs that need little human intervention in executing routine tasks such …
Databricks to buy Neon for $1 billion to boost AI-agent development Read More »
