Reuters US Business

By Arriana McLymore LOS ANGELES (Reuters) – Saks Fifth Avenue is launching a storefront on Amazon.com where it will sell high-end, designer products from Dolce&Gabbana and Balmain in the e-commerce giant’s latest foray into selling luxury goods, the companies said on Tuesday. Amazon has been an investor in Saks Global, Saks Fifth Avenue’s parent company, …

High-end department store retailer Saks launches Amazon storefront Read More »

By Anuja Bharat Mistry (Reuters) -Royal Caribbean raised its annual profit forecast on Tuesday, benefiting from strong bookings for its high-end itinerary offerings as well as easing fuel costs. Growing interest in high-end leisure travel among consumers, especially millennials and Gen Z, has boosted the cruise industry, with bookings surpassing historical levels in the recent …

Royal Caribbean raises annual profit target on strong demand, lower fuel costs Read More »

By Shadia Nasralla LONDON (Reuters) – BP on Tuesday reported a deeper-than-expected 48% drop in net profit to $1.4 billion on weaker gas trading and refining results and announced the departure of its strategy chief as it tries to shore up investor confidence. Under pressure to improve profitability and cut costs CEO Murray Auchincloss has …

BP reports 48% profit drop as strategy chief leaves Read More »

By Arasu Kannagi Basil (Reuters) – PayPal beat Wall Street estimates for first-quarter earnings and stuck to its annual profit forecast on Tuesday, even at a time when U.S. President Donald Trump’s tariffs have fueled economic uncertainty. Executives said PayPal was off to a good start in April, as consumer spending and the labor market …

PayPal beats profit targets, flags spending pull forward amid economic uncertainty Read More »

(Reuters) -Wireless infrastructure provider American Tower on Tuesday beat the first-quarter revenue estimate, driven by steady demand for its leasing business. Shares of the company were up 2.5% in early trading. As competition heats up in the telecommunications market, wireless players in the United States are enhancing their 5G solutions and network infrastructure to increase …

American Tower beats quarterly revenue estimate on strong telecom infrastructure leasing demand Read More »

By Savyata Mishra (Reuters) -Kraft Heinz on Tuesday slashed its full-year organic sales and profit forecasts, as demand for its snacks and ready-to-eat meal kits takes a hit from higher prices and an uncertain economic backdrop wrought by recent U.S. tariffs. Major packaged food firms such as Kraft Heinz, Conagra and General Mills have seen …

Kraft Heinz lowers annual forecasts on muted demand, tariff volatility Read More »

(Reuters) -OpenAI on Monday said it has updated ChatGPT’s web search capabilities to improve online shopping for users with personalized product recommendations with images, reviews, and direct purchase links. The generative AI pioneer’s search feature has gained popularity since its introduction last year, and has become one of its most sought-after tools, with over 1 …

OpenAI rolls out new shopping features with ChatGPT search update Read More »

By Joey Roulette WASHINGTON (Reuters) -The first 27 satellites for Amazon’s Kuiper broadband internet constellation were launched into space from Florida on Monday, kicking off the long-delayed deployment of an internet-from-space network that will rival SpaceX’s Starlink. The satellites are the first of 3,236 that Amazon plans to send into low-Earth orbit for Project Kuiper, …

Amazon launches first Kuiper internet satellites, taking on Starlink Read More »