Peloton to cut more jobs, forecasts strong 2026 revenue; shares rise
By Aishwarya Jain (Reuters) -Peloton Interactive forecast 2026 revenue above estimates and said it would cut 6% of its global…
Category: Business
General Motors, Hyundai to develop vehicles together amid China EV competition
By Hyunjoo Jin, Heejin Kim and Nora Eckert (Reuters) -General Motors and Hyundai Motor on Wednesday outlined plans to develop…
Allianz posts better-than-expected Q2 profit and confirms target
FRANKFURT (Reuters) -Germany’s Allianz on Thursday posted a better-than-expected 13% rise in second-quarter net profit and confirmed its target for…
Deutsche Telekom meets Q2 profit expectations, lifts guidance
-Deutsche Telekom reported second quarter core profit in line with analyst expectations on Thursday, citing continued growth in both Germany…
BP’s big Brazil oil and gas find boosts prospects for Equinor, auction
By Marta Nogueira and Fabio Teixeira RIO DE JANEIRO (Reuters) -BP’s announcement on Monday of its largest global oil and…
OpenAI releasesĀ open-weight reasoning models optimized for running on laptops
By Anna Tong and Greg Bensinger SAN FRANCISCO (Reuters) -OpenAI said on Tuesday it has released two open-weight language models…
High-grade US firms finance new M&A with more equity and cash, less debt
By Matt Tracy (Reuters) -Top-rated U.S. companies have financed their acquisitions mostly with equity and cash instead of debt this…
Modular building startup Boxabl to list on Nasdaq in $3.5 billion SPAC deal
By Arasu Kannagi Basil and Ateev Bhandari (Reuters) -Modular building startup Boxabl will go public in the U.S. through a…
Amazon overhauls Wondery podcast studio, cuts 110 jobs
(Reuters) -Amazon.com is restructuring the Wondery podcast studio by shifting its award-winning narrative podcasts such as “Business Wars” to Audible…
Lyft, China’s Baidu to launch robotaxi service in Europe next year
By Akash Sriram (Reuters) -U.S. ride-hailing company Lyft said on Monday it will partner with China’s Baidu to deploy robotaxis…