Costco beats quarterly revenue estimates on strong grocery demand
(Reuters) -Costco Wholesale beat third-quarter revenue expectations on Thursday, as cash-strapped consumers flocked to its warehouses to grab low-priced groceries…
Month: May 2024
Gemini customers get back over $2 billion in crypto from Genesis bankruptcy
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt crypto lender Genesis and crypto exchange Gemini have returned over $2 billion…
Arm offers new designs, software for AI on smartphones
By Stephen Nellis (Reuters) – Arm Holdings on Wednesday unveiled new chip blueprints and software tools to help smartphones handle…
OpenAI signs content deals with The Atlantic and Vox Media
(Reuters) -Sam Altman-led OpenAI said on Wednesday it has signed content and product partnerships with The Atlantic and Vox Media,…
Regional lender Bank OZK plunges as Citi turns bearish over loan concerns
(Reuters) – Regional lender Bank OZK’s shares fell to their lowest in over six months on Wednesday after analysts at…
Verizon adds Peacock to streaming hub, offers discounted YouTube premium plan to customers
(Reuters) – Verizon said on Tuesday that it added Comcast’s Peacock to its streaming subscription hub and plans to offer…
Activist investor Elliott discloses $2.5 billion stake in Texas Instruments
(Reuters) -Activist investor Elliott Investment Management disclosed a $2.5 billion stake in analog chipmaker Texas Instruments and urged the chipmaker…
Meme stock GameStop climbs after raising $933 million in share sales
(Reuters) -GameStop jumped 14% on Tuesday after the struggling video game retailer said it had raised $933 million by cashing…
AI darling Nvidia’s market value surges closer to Apple
By Zaheer Kachwala (Reuters) – Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI…
Trump booed and heckled by raucous crowd at Libertarian convention
(Please note language in paragraph 18 that readers may find offensive) By Tim Reid WASHINGTON (Reuters) – Presidential candidate Donald…