Costco Wholesale misses revenue estimates on weak discretionary spending
By Aatrayee Chatterjee (Reuters) -Costco Wholesale fell short of Wall Street estimates for quarterly sales on Thursday due to tepid…
Category: Business
Wall Street rallies, S&P 500 posts record closing high
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street charged ahead on Thursday, with the S&P 500 rising 1%…
Berkshire’s PacifiCorp ordered to pay at least $29 million to Oregon wildfire victims
By Clark Mindock (Reuters) -An Oregon state jury on Tuesday ordered Berkshire Hathaway’s PacifiCorp to pay at least $29.2 million…
Novo valuation surpasses Tesla on experimental obesity drug data
By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN (Reuters) -Novo Nordisk on Thursday surpassed Tesla Inc in market valuation after the…
Wall Street indexes advance as Fed’s Powell fuels hopes for rate cuts this year
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s three major indexes closed higher on Wednesday as economic data…
BofA joins rivals in predicting stronger investment banking revenue
By Saeed Azhar NEW YORK (Reuters) -Bank of America expects its investment banking revenue to rise by 10% to 15%…
Nordstrom’s weak 2024 forecasts overshadow strong holiday-quarter sales
By Ananya Mariam Rajesh (Reuters) -Nordstrom forecast annual results largely below Wall Street expectations on Tuesday, signaling a slower-than-expected rebound…
JetBlue, Spirit Airlines call off $3.8 billion merger on antitrust hurdle
By David Shepardson and Aatreyee Dasgupta WASHINGTON (Reuters) -JetBlue Airways and Spirit Airlines scrapped their $3.8-billion merger agreement on Monday,…
US stocks end lower ahead of Powell, jobs data; bitcoin surges
By Stephen Culp NEW YORK (Reuters) -Wall Street stocks closed lower on Monday, backing away from record highs, while U.S.…
Former Twitter execs sue Elon Musk for over $128 million in severance
(Reuters) -Four former top Twitter executives, including former CEO Parag Agrawal, have sued Elon Musk for over $128 million in…