Reuters US Business

(Reuters) -Walmart said on Thursday it would move its longtime listing on the New York Stock Exchange to Nasdaq, joining the tech-heavy exchange as one of its most valuable members. The shift, scheduled for December 9, underscores the retail giant’s push to become more technology-focused — from integrating artificial intelligence across operations to accelerating e-commerce …

Factbox-Major corporations shift listings to Nasdaq amid growing tech focus Read More »

By Nell Mackenzie LONDON (Reuters) -The S&P 500 index’s fall below a closely watched level gave hedge funds that trade stocks on trends the green light to potentially sell almost $40 billion in equities in the coming week, Goldman Sachs said in a note to clients seen by Reuters. The S&P 500 declined in value …

Goldman projects $40 billion stock selling scenario over the next week Read More »

(Reuters) -Alphabet’s Waymo will expand its robotaxi operations to Minneapolis, Tampa and New Orleans in the coming days, the ride-hailing service provider said on Thursday, as it accelerates the broad rollout of its services in the U.S. The company said it will begin operations in the new markets with human-driven vehicles, following a phased playbook …

Waymo to broaden US robotaxi footprint with moves into Minneapolis, Tampa, New Orleans Read More »

By Jonathan Stempel (Reuters) -Starbucks must face a lawsuit claiming it defrauded shareholders by concealing declining sales in the United States and China, its largest markets, leading to a 16% drop in its stock price after the coffee chain revealed the unexpected weakness. In a decision late on Wednesday, U.S. District Judge John Chun in …

Starbucks must face shareholder lawsuit over surprise sales decline Read More »

By Tatiana Bautzer NEW YORK (Reuters) -U.S. consumers expect to rely more heavily on credit cards for shopping during the Thanksgiving holiday season, according to a survey by credit bureau TransUnion.  According to TransUnion’s U.S. Consumer Pulse study that surveyed 3,000 people in October, 42% of consumers intend to use credit cards to pay for …

US consumers expected to use credit cards more for holiday shopping, survey says Read More »

(Reuters) -Bath & Body Works forecast a surprise sales decline for the crucial holiday quarter on Thursday, warning of weak demand for its scented candles and fragrances among cash-strapped shoppers and sending its shares down nearly 14% in premarket trading. The retailer, whose shares have lost 46% of their value so far this year, also …

Bath & Body Works warns of holiday sales dip on weak discretionary spending Read More »

By Juveria Tabassum and Siddharth Cavale (Reuters) -Walmart on Thursday raised its annual forecasts for the second time this year after another strong quarter led by surging online sales, in a signal of confidence headed into the holiday season. The company also said it plans to move its stock listing to Nasdaq from the New …

Walmart boosts outlook again, plans move to Nasdaq Read More »

(Reuters) -Abbott said on Thursday it would buy cancer test maker Exact Sciences in a deal valued at up to $23 billion, including debt, marking one of its largest acquisitions in nearly a decade and its first major push into cancer screening. The deal will add Exact Sciences’ flagship colorectal cancer test Cologuard and early-stage …

Abbott bolsters diagnostics portfolio with up to $23 billion buyout of Exact Sciences Read More »