FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%
By Lisa Baertlein and Aishwarya Jain (Reuters) -FedEx narrowed its fiscal 2024 profit forecast on Thursday, raising the bottom end…
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Lululemon warns of slowing North America sales as spending falters
By Annett Mary Manoj (Reuters) -Lululemon Athletica forecast annual revenue and profit below expectations on Thursday as demand wanes for…
BlackRock urges Texas fund managers to reconsider after $8.5 billion divestment
By Isla Binnie NEW YORK (Reuters) -A senior BlackRock executive said on Thursday the world’s largest asset manager was “dismayed”…
Apollo offers $11 billion for Paramount’s Hollywood studio, source says
By Dawn Chmielewski (Reuters) – Private equity firm Apollo Global Management has offered $11 billion for Paramount Global’s Paramount Pictures…
Chipmaker Micron’s shares surge as AI boom drives strong forecast
By Arsheeya Bajwa and Harshita Mary Varghese (Reuters) -Memory chip maker Micron Technology tapped a surge in artificial intelligence adoption…
Nuclear fusion backers meet in US capital as competition with China looms
By Timothy Gardner WASHINGTON (Reuters) -Leaders in the emerging Western nuclear fusion industry are convening in Washington, D.C., this week…
Chipotle shares breach $3,000 on first ever stock-split plan
By Savyata Mishra (Reuters) -Chipotle Mexican Grill’s stock breached the $3,000 mark for the first time on Wednesday and closed…
Biden pushes plan to lower rents, blasts Trump in Nevada
By Jeff Mason LAS VEGAS (Reuters) -U.S. President Joe Biden highlighted plans to lower housing costs during stops across Nevada…
Wall Street advances with Nvidia and Fed meeting in focus
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s three major indexes closed higher on Tuesday after shares in…
Meta offers to almost halve Facebook and Instagram monthly fees
By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms has offered to almost halve its monthly subscription fee for Facebook and…