Cava surges after annual sales forecast raise on steak, pita chips demand
By Savyata Mishra (Reuters) -Restaurant chain Cava touched a fresh record high as its shares rose more than 16% at…
Category: Business
Meta will face antitrust trial over Instagram, WhatsApp acquisitions
By Jody Godoy WASHINGTON (Reuters) -Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking…
Amazon launches low-cost ecommerce service in US to challenge Temu
(Reuters) – Amazon.com launched a low-cost ecommerce service called Amazon Haul for some customers in the United States giving them…
Hertz posts weaker-than-expected quarterly results, shares fall
(Reuters) – Hertz Global reported a wider-than-expected third-quarter loss and missed revenue estimates on Tuesday, hurt by depreciation charges from…
Shopify delivers upbeat holiday forecast as AI draws customers, shares surge
(Reuters) -Shopify forecast fourth-quarter revenue growth above estimates on Tuesday, as the Canadian company’s focus on employing AI-powered tools attract…
ValueAct takes $1-billion stake in Meta, source says
By Svea Herbst-Bayliss (Reuters) -ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for…
Novavax cuts 2024 revenue forecast again on lower COVID vaccine sales
By Patrick Wingrove (Reuters) -Novavax cut its annual revenue forecast on Tuesday, citing lower-than-expected sales of its COVID-19 vaccine, ahead…
Exclusive-Amazon developing driver eyeglasses to shave seconds off deliveries, sources say
By Greg Bensinger (Reuters) – Amazon is developing smart eyeglasses for its delivery drivers to guide them to, around and…
Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says
By Karen Freifeld and Fanny Potkin NEW YORK/SINGAPORE (Reuters) -The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of…
Boeing exploring possible $6 billion sale of Jeppesen unit, Bloomberg News reports
(Reuters) – Boeing is exploring a possible $6 billion sale of its Jeppesen navigation unit, Bloomberg News reported on Friday.…