Dollar General flags profit margin squeeze from holiday discounts, shares fall
(Reuters) -Dollar General warned on Thursday profit margins would be pressured in the holiday quarter due to higher promotions and…
Category: Business
Lululemon shares surge as holiday demand helps lift forecast, results
By Anuja Bharat Mistry (Reuters) – Lululemon Athletica shares jumped about 17% in early trading on Friday as an upbeat…
Apple plans three-year modem rollout to compete with Qualcomm, Bloomberg News reports
(Reuters) – Apple is preparing to launch its long-awaited series of cellular modem chips next year, which will replace components…
Chevron CEO says no discussions with President-elect Trump on Venezuela
By Georgina McCartney HOUSTON (Reuters) -Chevron , the only U.S. oil producer now working in Venezuela’s oilfields, has not held…
Broadcom unveils new tech to speed up custom chips amid rising GenAI demand
(Reuters) – Broadcom said on Thursday its custom chip unit, which makes AI processors for cloud providers, has developed new…
Meta partners with James Cameron’s tech venture to boost mixed reality content
(Reuters) – Meta Platforms said on Thursday it has partnered with film director James Cameron’s technology venture Lightstorm Vision to…
Musk’s xAI raises around $6 billion in equity financing
(Reuters) -Elon Musk’s artificial intelligence startup xAI said on Thursday it has raised around $6 billion in equity financing as…
OpenAI launches $200 ChatGPT subscription for research use
(Reuters) – OpenAI on Thursday launched a version of its popular chatbot ChatGPT priced at $200 per month, which can…
GameStop jumps after cryptic post from ‘Roaring Kitty’ rekindles retail hype
By Manya Saini, Suzanne McGee and Saqib Iqbal Ahmed (Reuters) -GameStop’s shares jumped on Thursday after a cryptic post from…
Chipotle Mexican Grill lifts menu prices as input costs rise
(Reuters) – Chipotle Mexican Grill said on Wednesday it has raised menu prices by about 2%, as the burrito chain…