US goods trade deficit shrinks; new home sales extend decline
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed in June for the first time this…
Month: July 2024
NBA signs broadcasting deal with Disney, Amazon, Comcast
(Reuters) -Walt Disney’s ESPN, Comcast-owned NBCUniversal and Amazon.com have clinched the rights to carry National Basketball Association games in a…
IBM beats quarterly revenue estimates on software strength, AI demand
By Arsheeya Bajwa (Reuters) -IBM beat analysts’ estimates for second-quarter revenue on Wednesday, riding on strong demand for its software…
Chipotle beats sales estimates on strong burrito demand; shares soar
(Reuters) -Chipotle Mexican Grill surpassed market estimates for quarterly sales on Wednesday as demand for its rice bowls and burritos…
World shares rise, US yields fall as markets eye earnings, economic data
By Chibuike Oguh NEW YORK (Reuters) – Global stocks rose while U.S. yields dropped on Tuesday as markets eyed upcoming…
Cryptoverse: Like a bond with no yield? Investors split on ether ETFs
By Gertrude Chavez-Dreyfuss (Reuters) – It may take a little more time for ether to edge out of bitcoin’s shadow.…
OpenAI reassigns AI safety leader Madry, The Information reports
(Reuters) – OpenAI has reassigned its artificial intelligence (AI) safety leader Aleksander Madry to a “bigger role within the research…
Tesla margin misses estimates as price cuts, incentives weigh
(Reuters) -Tesla’s second-quarter margin missed analysts’ estimates as price cuts and incentives to spur sagging demand continued to hurt the…
Delta cancels another 600 flights on Monday in wake of cyber outage
By David Shepardson (Reuters) – Delta Air Lines canceled more than 600 flights on Monday, as the U.S. air carrier…
Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus
By Yuvraj Malik (Reuters) – Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth…