Lululemon tumbles as tariff uncertainty, weak demand hit forecasts
By Ananya Mariam Rajesh (Reuters) -Lululemon Athletica’s shares fell 13% on Friday after the sportswear maker gave downbeat annual forecasts…
Category: Business
US FDA approves Sanofi’s bleeding disorder therapy
By Sriparna Roy and Padmanabhan Ananthan (Reuters) -The U.S. Food and Drug Administration approved French drugmaker Sanofi’s hemophilia therapy, introducing…
OpenAI must complete for-profit transition by year-end to raise full $40 billion
By Krystal Hu and Jaspreet Singh (Reuters) – OpenAI must transition to a for-profit company by the end of the…
H&M reports sluggish start to spring sales
By Helen Reid LONDON (Reuters) -H&M’s sales were up just 1% in March after a weaker than expected first quarter,…
Former Meta executives raise $15 million for AI assistant startup
By Anna Tong SAN FRANCISCO (Reuters) – Two former Meta artificial intelligence executives have raised $15 million for Yutori, a…
BofA raises gold price forecasts for 2025, 2026
(Reuters) – Bank of America (BofA) has raised its gold period average forecasts for this year and next, while highlighting…
US oil, gas activity rose in first quarter, but energy execs wary of tariffs, Dallas Fed says
By Curtis Williams and Georgina McCartney HOUSTON (Reuters) – U.S. oil and gas activity increased slightly in the first quarter,…
Rivian spin-off Also reveals it will make lightweight electric vehicles
By Akash Sriram (Reuters) – Micromobility startup Also said on Wednesday it has been spun-off from electric-vehicle maker Rivian Automotive…
Coca Cola bottlers raided by EU antitrust regulators, source says
By Foo Yun Chee BRUSSELS (Reuters) – Coca Cola bottlers were raided by EU antitrust regulators earlier this month, a…
China’s DeepSeek releases AI model upgrade, intensifies rivalry with OpenAI
BEIJING (Reuters) – Chinese artificial intelligence startup DeepSeek released a major upgrade to its V3 large language model, intensifying competition…