Market Spectator

European drinks group skid after US surgeon general calls for cancer warnings

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European drinks group skid after US surgeon general calls for cancer warnings

Market Spectator January 3, 2025

(Reuters) – Shares in European spirits makers and brewers fell on Friday after the U.S. surgeon general...

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AI a productivity boost to banks but making money from it is a challenge

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AI a productivity boost to banks but making money from it is a challenge

Market Spectator December 11, 2024

By Isla Binnie and Megan Davies NEW YORK (Reuters) – Artificial intelligence is expected to show big...

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Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending

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Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending

Market Spectator December 11, 2024

(Reuters) – Photoshop maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday, indicating the...

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Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit

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Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit

Market Spectator December 11, 2024

(Reuters) – Microsoft expects to record an impairment charge of around $800 million in the second quarter...

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Stunning rally in Big Tech drives Nasdaq to 20,000

Stunning rally in Big Tech drives Nasdaq to 20,000

Market Spectator December 11, 2024

By Saqib Iqbal Ahmed, Suzanne McGee and Lewis Krauskopf NEW YORK (Reuters) – The Nasdaq Composite Index...

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Musk’s xAI raises around $6 billion in equity financing

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Musk’s xAI raises around $6 billion in equity financing

Market Spectator December 5, 2024

(Reuters) -Elon Musk’s artificial intelligence startup xAI said on Thursday it has raised around $6 billion in...

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Lilly invests $3 billion to expand Wisconsin plant as obesity drug demand soars

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Lilly invests $3 billion to expand Wisconsin plant as obesity drug demand soars

Market Spectator December 5, 2024

By Patrick Wingrove (Reuters) – Eli Lilly said on Thursday it will invest $3 billion to expand...

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OpenAI launches $200 ChatGPT subscription for research use

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OpenAI launches $200 ChatGPT subscription for research use

Market Spectator December 5, 2024

(Reuters) – OpenAI on Thursday launched a version of its popular chatbot ChatGPT priced at $200 per...

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GameStop shares jump as cryptic ‘Roaring Kitty’ post sparks retail interest

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GameStop shares jump as cryptic ‘Roaring Kitty’ post sparks retail interest

Market Spectator December 5, 2024

(Reuters) – GameStop’s shares jumped on Thursday after a cryptic post from meme stock influencer Keith Gill,...

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Defense firm Anduril partners with OpenAI to use AI in national security missions

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Defense firm Anduril partners with OpenAI to use AI in national security missions

Market Spectator December 4, 2024

By Mike Stone and Aishwarya Jain (Reuters) – Defense technology company Anduril Industries and ChatGPT-maker OpenAI on...

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