Walmart sounds a note of caution on consumers ahead of holidays, shares fall
By Siddharth Cavale and Aishwarya Venugopal (Reuters) -Walmart on Thursday said U.S. consumers are acting more cautious with spending as…
Category: Business
Oil prices dive on big US crude stock build, record output
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices tumbled more than 1.5% on Wednesday on a bigger-than-expected rise in U.S. crude…
Microsoft introduces its own chips for AI, with eye on cost
By Stephen Nellis (Reuters) – Microsoft on Wednesday announced a duo of custom-designed computing chips, joining other big tech firms…
Salesforce’s strong stock price wooed some investors during third quarter – filings
By Svea Herbst-Bayliss NEW YORK (Reuters) – Boasting a booming share price, Salesforce attracted more investor cash during the third…
Investors expand bets on tech stocks as sector still fuels market gains -filings
By Svea Herbst-Bayliss NEW YORK (Reuters) -Several hedge funds expanded their bets on big technology stocks including Amazon, Microsoft and…
US SEC enforcement collected nearly $5 billion in financial remedies last year
NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran…
EV maker Fisker plunges to all-time low after cutting production target
By Chibuike Oguh NEW YORK (Reuters) – Shares of Fisker Inc fell by more than 24% to an all-time low…
Airbnb acquires AI startup GamePlanner.AI
(Reuters) – Airbnb said on Tuesday it has acquired GamePlanner.AI, a 12-person startup, for an undisclosed sum, amid rapid adoption…
Tesla to double its components imports from India – Trade Minister
BENGALURU (Reuters) -U.S. electric car maker Tesla Inc is planning to double the number of components it imports from India,…
Hedge funds short US financial stocks at near record levels -Goldman Sachs
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds built bearish positions this week to the highest level in…