Dell shares slump as heavy AI investments expected to dent margin
(Reuters) – Dell Technologies shares tumbled about 14% in premarket trading on Friday, as the PC and server maker expects…
Month: May 2024
Carl Icahn has sizable stake in Caesars Entertainment, Bloomberg News reports
(Reuters) – Activist investor Carl Icahn has a sizable position in casino operator Caesars Entertainment, Bloomberg News reported on Friday…
US refiners boosting fuel output past 90% of capacity for summer driving season
By Erwin Seba and Nicole Jao HOUSTON (Reuters) – U.S. crude oil refiners aim to operate above 90% of their…
Biden presents new Israel ceasefire plan, calls on Hamas to accept
By Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden on Friday said Israel had proposed a Gaza ceasefire in exchange…
Dollar General posts upbeat first quarter on demand for pocket friendly groceries
By Granth Vanaik (Reuters) -Dollar General beat estimates for first-quarter same-store sales and profit on Thursday, as more Americans flocked…
Amazon adds Grubhub food delivery to its website, app in the US
(Refiles to fix syntax in paragraph 7) (Reuters) -Amazon.com on Thursday said its customers in the U.S. can now order…
Elon Musk to testify in SEC probe over Twitter stock disclosures
(Reuters) – Elon Musk has settled his latest legal fight with the U.S. Securities and Exchange Commission by agreeing to…
Billionaire investor Ackman considering backing Trump in US election, source says
By Carolina Mandl (Reuters) -Billionaire hedge fund manager Bill Ackman is considering endorsing Donald Trump as the former U.S. president…
Best Buy set for tenth straight quarter of sales drop on weak electronics spending
By Ananya Mariam Rajesh and Juveria Tabassum Best Buy is set to post its tenth consecutive quarter of sales decline…
Merck to buy eye-focused drug developer EyeBio for as much as $3 billion
(Reuters) – Merck on Wednesday agreed to acquire privately held biotech EyeBio for as much as $3 billion, the latest…