Business

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

• Business

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

• Business

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

• Business

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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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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Wall Street advances with Nvidia and Fed meeting in focus

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Wall Street advances with Nvidia and Fed meeting in focus

Market Spectator March 19, 2024

By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s three major indexes closed higher on Tuesday...

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Meta offers to almost halve Facebook and Instagram monthly fees

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Meta offers to almost halve Facebook and Instagram monthly fees

Market Spectator March 19, 2024

By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms has offered to almost halve its monthly subscription fee...

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SpaceX to sell satellite laser links that speed in-space communication to rivals

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SpaceX to sell satellite laser links that speed in-space communication to rivals

Market Spectator March 19, 2024

By Joey Roulette WASHINGTON (Reuters) -SpaceX has started selling satellite lasers, which are used for speedy in-space...

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Apple in talks to let Google’s Gemini power iPhone AI features, Bloomberg News says

• Business

Apple in talks to let Google’s Gemini power iPhone AI features, Bloomberg News says

Market Spectator March 18, 2024

By Martin Coulter (Reuters) -Apple is in talks to build Google’s Gemini artificial intelligence engine into the...

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