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Visa beats profit estimates on strong card spending volumes, plans $30 billion buyback

Visa beats profit estimates on strong card spending volumes, plans $30 billion buyback

Apr 29, 2025 | Business

By Pritam Biswas(Reuters) -Visa beat Wall Street estimates for quarterly profit on Tuesday, as the world’s largest payment processor benefited from a steady rise in card payment volumes and the company unveiled a $30 billion share repurchase plan.Payments volume...
Meta introduces Llama application programming interface to attract AI developers

Meta introduces Llama application programming interface to attract AI developers

Apr 29, 2025 | Business

By Kenrick CaiSAN FRANCISCO (Reuters) -Meta Platforms on Tuesday announced an application programming interface in a bid to woo businesses to more easily build AI products using its Llama artificial-intelligence models.Llama API, which was unveiled during the...
Electronic Arts lays off hundreds, cancels ‘Titanfall’ game, Bloomberg News reports

Electronic Arts lays off hundreds, cancels ‘Titanfall’ game, Bloomberg News reports

Apr 29, 2025 | Business

(Reuters) -Electronic Arts is laying off hundreds of workers and is canceling a Titanfall game that was in development at its Respawn Entertainment unit, Bloomberg News reported on Tuesday.About 300 to 400 positions were eliminated, including around 100 at Respawn,...
GM pulls forecast due to tariffs as nervous consumers rush to buy

GM pulls forecast due to tariffs as nervous consumers rush to buy

Apr 29, 2025 | Business

By Kalea HallDETROIT (Reuters) -General Motors has pulled its forecast for the year, reflecting the uncertain effects of U.S. President Donald Trump’s global trade war on the industry, even as it reported strong quarterly results.The Detroit automaker forecast...
Spotify forecasts second-quarter profit below estimates, shares fall

Spotify forecasts second-quarter profit below estimates, shares fall

Apr 29, 2025 | Business

By Jaspreet Singh(Reuters) – Spotify forecast current-quarter operating profit below Wall Street estimates on Tuesday as it grapples with higher payroll taxes, taking the shine off its strong subscriber growth and sending the company’s shares down 8%...
OpenAI rolls out new shopping features with ChatGPT search update

OpenAI rolls out new shopping features with ChatGPT search update

Apr 28, 2025 | Business

(Reuters) -OpenAI on Monday said it has updated ChatGPT’s web search capabilities to improve online shopping for users with personalized product recommendations with images, reviews, and direct purchase links.The generative AI pioneer’s search feature has...
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