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US STOCKS-Wall St slides as Meta, Microsoft warnings trigger fears over AI trade
US STOCKS-Wall St slides as Meta, Microsoft warnings trigger fears over AI trade
Nov 3, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Meta Platforms ( META ), Microsoft ( MSFT ) drag megacaps lower * Estee Lauder ( EL ) on track for worst day on record * September PCE data in line with estimates * VIX rises to highest since...
Low US weekly jobless claims, solid consumer spending showcase economy's strength
Low US weekly jobless claims, solid consumer spending showcase economy's strength
Nov 3, 2024
* Weekly jobless claims fall 12,000 to 216,000 * Continuing claims drop 26,000 to 1.862 million * Consumer spending increases 0.5% in September * Core PCE price index rises 0.3%; up 2.7% year-on-year * Labor costs post smallest gain in over three years in Q3 By Lucia Mutikani WASHINGTON, Oct 31 (Reuters) - The number of Americans filing new applications...
US Equity Indexes Slump as Big Tech Results Underwhelm Investors While Treasury Yields Advance
US Equity Indexes Slump as Big Tech Results Underwhelm Investors While Treasury Yields Advance
Nov 3, 2024
12:28 PM EDT, 10/31/2024 (MT Newswires) -- US equity indexes dropped after Microsoft ( MSFT ) and Meta Platforms' ( META ) results disappointed, while most government bond yields rose as investors weighed the Federal Reserve's preferred inflation data. The S&P 500 dropped 1.4% to 5,730.1 after midday Thursday, with the Nasdaq Composite down 2.4% to 18,171.3 and the Dow...
Sector Update: Health Care Stocks Retreat Thursday Afternoon
Sector Update: Health Care Stocks Retreat Thursday Afternoon
Nov 3, 2024
01:53 PM EDT, 10/31/2024 (MT Newswires) -- Health care stocks were lower Thursday afternoon, with the NYSE Health Care Index down 0.3% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.4%. The iShares Biotechnology ETF (IBB) fell 1.3%. In corporate news, Merck's ( MRK ) Q3 earnings fell year over year, while revenue increased as the company cut...
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Japan braces for life with interest rates after historic change
Japan braces for life with interest rates after historic change
Mar 21, 2024
TOKYO, March 22 (Reuters) - In the coming years, Satoaki Kanoh needs to replace almost a dozen ageing machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive. Ideally, I'd like to do one a year. But I don't have that much money, Kanoh said of the customised pieces of machinery...
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
Mar 22, 2024
The two companies will establish a DePIN alliance in south-east Asia.AIOZ's native token is currently trading flat after the announcement, it is up by more than 200% in 30 days.AIOZ Network will use Alibaba Cloud to improve Web 3, AI, storage and streaming services.Decentralized infrastructure network (DePIN) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator...
Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Mar 22, 2024
(Reuters) - The U.S. government's antitrust lawsuit against Apple ( AAPL ) draws on the watershed 1998 case that broke Microsoft's ( MSFT ) stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing smartphone competition. The market for the iPhone today looks very different from the near-monopoly enjoyed by Microsoft's ( MSFT ) Windows...
The Analyst Landscape: 7 Takes On Clear Secure
The Analyst Landscape: 7 Takes On Clear Secure
Mar 22, 2024
Analysts' ratings for Clear Secure ( YOU ) over the last quarter vary from bullish to bearish, as provided by 7 analysts. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent...
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Rajasthan: Gehlot government begins Rs 2,500 cr dam project for Sabarmati, Sei rivers ahead of polls
Rajasthan: Gehlot government begins Rs 2,500 cr dam project for Sabarmati, Sei rivers ahead of polls
Mar 1, 2023
On Tuesday, the Gehlot government invited bids for both projects to build the dams within the next four years. The chief minister had announced both projects in last year’s budget.
Govt blames inaction by AAP in Punjab, Delhi for bad air quality
Govt blames inaction by AAP in Punjab, Delhi for bad air quality
Nov 6, 2023
Accusing Kejriwal of being busy with election campaigning in poll-bound states and waking up to the situation late, Minister of State for Consumer Affairs, Food, and Public Distribution, Ashwini Kumar Choubey, said that the Centre had held a meeting with Chief Secretaries and senior officials from four North Indian states on 20th October to discuss measures to reduce air pollution, which he claims weren't adopted by the AAP-led governments.
Lok Sabha passes Forest (Conservation) Amendment Bill — All you need to know
Lok Sabha passes Forest (Conservation) Amendment Bill — All you need to know
Jul 11, 2023
Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.
ED attaches over Rs 10-crore assets in resort scam involving ex-Maha minister Anil Parab
ED attaches over Rs 10-crore assets in resort scam involving ex-Maha minister Anil Parab
Jan 4, 2023
The probe pertains to Dapoli resort, which is allegedly illegal. The former minister and Shiv Sena (Uddhav) leader, Anil Parab, allegedly wangled a permit to use land meant for agricultural use. The ED had started the investigation under the the Prevention of Money Laundering Act (PMLA) after a complaint from the Environment Ministry.
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Jazz Pharmaceuticals Q3 revenue beats estimates
Jazz Pharmaceuticals Q3 revenue beats estimates
Nov 5, 2025
Overview * Jazz Pharmaceuticals ( JAZZ ) Q3 revenue grows 7% yr/yr, beating analyst expectations * Adjusted EPS for Q3 beats consensus, reflecting robust operational performance * Company narrows 2025 revenue guidance to $4.175 - $4.275 bln Outlook * Company narrows 2025 revenue guidance to $4.175 - $4.275 bln * Jazz Pharmaceuticals ( JAZZ ) expects top-line data from zanidatamab...
Snap beats revenue estimates on ad boost, unveils deal with Perplexity AI
Snap beats revenue estimates on ad boost, unveils deal with Perplexity AI
Nov 5, 2025
(Reuters) -Snap beat third-quarter revenue estimates on Wednesday and said it has partnered with Perplexity AI to integrate its artificial intelligence-powered search engine into Snapchat. AI startup Perplexity will pay Snap $400 million over one year in cash and equity, with revenue contributions expected from 2026. Snap shares jumped around 21% in extended trading. The deal positions Snap to better...
Lyft's slower-than-expected revenue growth clouds upbeat bookings forecast
Lyft's slower-than-expected revenue growth clouds upbeat bookings forecast
Nov 5, 2025
(Reuters) -Lyft ( LYFT ) reported third-quarter revenue growth a tad below Wall Street expectations on Wednesday amid intense competition in its core North American markets, overshadowing an upbeat bookings forecast for the holiday travel season. Shares of the San Francisco-based company fell about 3% in extended trading. The company has benefited from its recent push into international markets and...
World Kinect Corporation Completes Acquisition of Universal Weather and Aviation's Trip Support Services Business
World Kinect Corporation Completes Acquisition of Universal Weather and Aviation's Trip Support Services Business
Nov 5, 2025
MIAMI--(BUSINESS WIRE)-- World Kinect Corporation ( WKC ) today announced that it has completed its previously announced acquisition of the Trip Support Services (TSS) division of Universal Weather and Aviation. Universal Weather, headquartered in Houston, Texas, has been a pioneer in trip support services with deep expertise in international travel regulations, logistics, and supply chain management. Its trip support business...
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