Fed’s Bostic scales back to single rate cut on inflation concerns
ATLANTA (Reuters) -Atlanta Federal Reserve Bank President Raphael Bostic said on Friday he now expects just a single quarter-point interest…
Day: March 22, 2024
Nike, Lululemon sink as annual forecasts disappoint
By Savyata Mishra (Reuters) -Nike shares tumbled 8% on Friday after the Air Jordan maker warned of lower sales in…
FedEx soars on profit beat, improved margins in its Express unit
By Shivansh Tiwary (Reuters) -FedEx shares surged on Friday after the parcel giant beat estimates for quarterly profit and reported…
Walmart-backed tech firm Ibotta files for US IPO
(Reuters) – Walmart-backed digital marketing company Ibotta has filed to go public in the United States, it said in a…
Nike warns of revenue dip as it cuts back on key products
By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Nike warned on Thursday that its revenue in the first half of…
Reddit may need to ramp up spending on content moderation, analysts say
By Niket Nishant (Reuters) -Reddit will need to spend heavily on content moderation as it may face greater scrutiny as…
Challenges to SEC’s climate rules sent to conservative-leaning US appeals court
By Clark Mindock (Reuters) -A U.S. judicial panel on Thursday consolidated at least nine lawsuits challenging the U.S. Securities and…
Apple held talks with China’s Baidu over AI for its devices, WSJ reports
(Reuters) -Apple has held preliminary talks with Baidu <9888.HK> about using the Chinese company’s generative artificial-intelligence technology in its devices…