By Shubham Batra and Shashwat Chauhan (Reuters) – Wall Street’s main indexes slumped on Monday as fears of the United…
Month: August 2024
Musk-backed PAC under investigation for potential violations of Michigan laws
(Reuters) – A political action committee backed by billionaire Elon Musk is under investigation in Michigan for possible violations of…
TikTok says court should reject US Justice secret filings in divestiture suit
WASHINGTON (Reuters) – TikTok and parent company ByteDance asked a U.S. appeals court on Monday to reject the Justice Department’s…
Nvidia’s AI chip demand to face limited impact from potential production delay, analysts say
(Reuters) – Worries over a delay in the launch of Nvidia’s upcoming artificial-intelligence chips may be exaggerated, analysts said, as…
Intel shares set to fall most in 24 years as it struggles with turnaround
(Reuters) – Intel was set to erase nearly $25 billion in market value on Friday in what would be its…
Exxon delivers $9.2 billion second-quarter profit, raises output target
By Sabrina Valle (Reuters) – Exxon Mobil on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising output…
Explainer-What’s next after judge tosses $4.7 billion NFL ‘Sunday Ticket’ verdict
By Mike Scarcella (Reuters) – The National Football League scored a huge reprieve on Thursday when a U.S. judge threw…
Amazon shares tumble on slowing online sales growth
(Reuters) -Shares of Amazon.com fell more than 8% on Friday after the online retailer reported slowing online sales growth in…
Chip index collapses 8% as Arm punctures AI optimism
(Reuters) – U.S. chip stocks plummeted on Thursday, on track for their worst day since 2020, after a conservative forecast…
Amazon projects quarterly revenue below estimates, shares slide
By Deborah Mary Sophia and Greg Bensinger (Reuters) -Amazon.com forecast current quarter sales below estimates, and shares fell sharply after…