Facebook parent Meta sees advertising jump, tops Wall Street targets
By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms on Wednesday reported a strong rise in advertising revenue, topping…
Month: July 2023
Meta rallies as AI-powered ad sales drive ‘monster’ forecast
By Aditya Soni (Reuters) -Meta shares surged nearly 8% on Thursday as a rosy revenue forecast showed that artificial intelligence…
U.S. stocks close little changed as Fed leaves door open
By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – U.S. stocks ended Wednesday little changed following a Federal Reserve rate…
Mattel expects Barbie bounceback to spark toy sales
By Savyata Mishra (Reuters) -Mattel is banking on the box office success of the “Barbie” movie to help drive doll…
Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google
By Jeffrey Dastin (Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with…
Moderna/Merck begins late-stage study of skin cancer vaccine combination
(Reuters) -Moderna and its partner Merck said on Wednesday that they had begun enrolling patients in a late-stage study testing…
AT&T initiates new $2 billion cost-cutting program as free cash flow beats estimates
By Samrhitha A (Reuters) -AT&T expanded its cost-cutting plan by $2 billion on Wednesday after topping estimates for quarterly free…
Alphabet rallies as Google Search unfazed by challenge from Microsoft’s Bing
By Aditya Soni (Reuters) – Alphabet rallied more than 5% on Wednesday on signs its dominant Google Search business was…
Coca-Cola raises annual forecasts as demand unaffected by price hikes
By Ananya Mariam Rajesh (Reuters) -Coca-Cola Co raised its annual revenue and profit forecasts after beating quarterly results on the…
GM shares fall as automaker outlines new cost-cutting drive
By Joseph White and Paul Lienert DETROIT (Reuters) -General Motors is wrestling with costs and struggling to build more electric…