Morgan Stanley profit beats estimates with higher investment banking, wealth revenue
By Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley’s first-quarter profit beat estimates on Tuesday, fueled by a resurgence in…
Year: 2024
J&J’s medical device sales fall short, cancer drugs seen growing
By Patrick Wingrove and Bhanvi Satija (Reuters) -Johnson & Johnson’s first-quarter revenue missed Wall Street estimates for medical devices on…
Tesla laying off more than 10% of staff globally as sales fall
By Victoria Waldersee BERLIN (Reuters) -Tesla is laying off more than 10% of its global workforce, an internal memo seen…
Adobe explores OpenAI partnership as it adds AI video tools
By Stephen Nellis SAN FRANCISCO (Reuters) -Adobe is in the early stages of allowing third-party generative artificial intelligence tools such…
Apple denies violating US court order in Epic Games lawsuit
By Mike Scarcella (Reuters) – IPhone maker Apple on Friday denied violating a court order governing its App Store and…
Strong US retail sales boost first-quarter growth estimates
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased more than expected in March amid a surge in receipts…
Goldman Sachs profit beats as investment banking fuels highest earnings since 2021
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs’ profit beat Wall Street estimates, fueled by a recovery…
Explainer-Key facts about the collapse of Baltimore’s Francis Scott Key Bridge
By Lisa Shumaker (Reuters) – The FBI has opened a federal criminal investigation into the deadly collapse of Baltimore’s Francis…
Coinbase asks to appeal part of case against US SEC
WASHINGTON (Reuters) – Coinbase asked two courts for permission on Friday to appeal part of its ongoing lawsuit with the…
Surging US energy shares reflect robust growth, inflation worries
By Lewis Krauskopf NEW YORK (Reuters) -U.S. energy shares are soaring as investors benefit from rising oil prices and a…