Wall Street plunges as US recession fears jolt global markets
By Shubham Batra and Shashwat Chauhan (Reuters) – Wall Street’s main indexes slumped on Monday as fears of the United…
Month: August 2024
TikTok says court should reject US Justice secret filings in divestiture suit
WASHINGTON (Reuters) – TikTok and parent company ByteDance asked a U.S. appeals court on Monday to reject the Justice Department’s…
Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs
(Reuters) – Bleach maker Clorox forecast annual profit above estimates after beating fourth-quarter profit on Thursday, banking on consecutive price…
Amazon shares tumble on slowing online sales growth
(Reuters) -Shares of Amazon.com fell more than 8% on Friday after the online retailer reported slowing online sales growth in…
Intel shares set to fall most in 24 years as it struggles with turnaround
(Reuters) – Intel was set to erase nearly $25 billion in market value on Friday in what would be its…
Nasdaq falls 10% from record high
(Reuters) – The Nasdaq Composite index fell 2.2% on Friday, putting it on track to confirm it is in a…
Trump loses appeal of gag order in hush money criminal case
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) – A New York state appeals court on Thursday rejected Donald…
Moderna cuts 2024 sales forecast, sees low EU vaccine revenue into 2026
By Patrick Wingrove and Leroy Leo (Reuters) -Moderna on Thursday cut its 2024 sales forecast for COVID-19 and respiratory syncytial…
Tech giants faced major market cap drop in July on earnings worries
(Reuters) – Global mega tech companies’ market capitalisation dropped sharply in July, in response to disappointing quarterly results and concerns…
Apple asks US judge to toss antitrust lawsuit
By Jody Godoy (Reuters) -Apple on Thursday asked a U.S. judge to dismiss federal and state antitrust regulators’ lawsuit accusing…