Year: 2024

FedEx soars on profit beat, improved margins in its Express unit

• Business

FedEx soars on profit beat, improved margins in its Express unit

Market Spectator March 22, 2024

By Shivansh Tiwary (Reuters) -FedEx shares surged on Friday after the parcel giant beat estimates for quarterly...

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Walmart-backed tech firm Ibotta files for US IPO

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Walmart-backed tech firm Ibotta files for US IPO

Market Spectator March 22, 2024

(Reuters) – Walmart-backed digital marketing company Ibotta has filed to go public in the United States, it...

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Nike warns of revenue dip as it cuts back on key products

• Business

Nike warns of revenue dip as it cuts back on key products

Market Spectator March 22, 2024

By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Nike warned on Thursday that its revenue in the...

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FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%

• Business

FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%

Market Spectator March 21, 2024

By Lisa Baertlein and Aishwarya Jain (Reuters) -FedEx narrowed its fiscal 2024 profit forecast on Thursday, raising...

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Lululemon warns of slowing North America sales as spending falters

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Lululemon warns of slowing North America sales as spending falters

Market Spectator March 21, 2024

By Annett Mary Manoj (Reuters) -Lululemon Athletica forecast annual revenue and profit below expectations on Thursday as...

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BlackRock urges Texas fund managers to reconsider after $8.5 billion divestment

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BlackRock urges Texas fund managers to reconsider after $8.5 billion divestment

Market Spectator March 21, 2024

By Isla Binnie NEW YORK (Reuters) -A senior BlackRock executive said on Thursday the world’s largest asset...

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Apollo offers $11 billion for Paramount’s Hollywood studio, source says

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Apollo offers $11 billion for Paramount’s Hollywood studio, source says

Market Spectator March 21, 2024

By Dawn Chmielewski (Reuters) – Private equity firm Apollo Global Management has offered $11 billion for Paramount...

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Chipmaker Micron’s shares surge as AI boom drives strong forecast

• Business

Chipmaker Micron’s shares surge as AI boom drives strong forecast

Market Spectator March 20, 2024

By Arsheeya Bajwa and Harshita Mary Varghese (Reuters) -Memory chip maker Micron Technology tapped a surge in...

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Nuclear fusion backers meet in US capital as competition with China looms

• Top News

Nuclear fusion backers meet in US capital as competition with China looms

Market Spectator March 20, 2024

By Timothy Gardner WASHINGTON (Reuters) -Leaders in the emerging Western nuclear fusion industry are convening in Washington,...

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Chipotle shares breach $3,000 on first ever stock-split plan

• Business

Chipotle shares breach $3,000 on first ever stock-split plan

Market Spectator March 20, 2024

By Savyata Mishra (Reuters) -Chipotle Mexican Grill’s stock breached the $3,000 mark for the first time on...

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