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…
Year: 2024
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…
Reddit shares end trading up 48% in market debut
By Niket Nishant and Echo Wang (Reuters) – Social media platform Reddit’s shares ended their first day of trading in…
US Congress advances $1.2 trillion spending package to avert shutdown
By David Morgan and Makini Brice WASHINGTON (Reuters) -After days of delay, U.S. congressional leaders unveiled a $1.2 trillion bipartisan…
Fed sees three rate cuts in 2024 but a more shallow easing path
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Wednesday recent high inflation readings…
Chipmaker Micron’s shares surge as AI boom drives strong forecast
By Arsheeya Bajwa and Harshita Mary Varghese (Reuters) -Memory chip maker Micron Technology tapped a surge in artificial intelligence adoption…
Astera Labs shares jump over 70% in stellar Nasdaq debut
By Arasu Kannagi Basil and Echo Wang (Reuters) -Shares of Astera Labs jumped as much as 76% in their Nasdaq…