Lumen Technologies shares extend AI-fueled surge after rosy cash-flow outlook
NEW YORK (Reuters) – Shares of Lumen Technologies surged 30% on Wednesday, extending gains from the previous session, after the…
Category: Business
How chip giant Intel spurned OpenAI and fell behind the times
By Max A. Cherney SAN FRANCISCO (Reuters) – For U.S. chip giant Intel, the darling of the computer age before…
Microsoft blames Delta for its struggle to recover from global cyber outage
By Rajesh Kumar Singh CHICAGO (Reuters) – Microsoft blamed Delta Air Lines on Tuesday for its dayslong struggle to recover…
Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs
(Reuters) – Bleach maker Clorox forecast annual profit above estimates after beating fourth-quarter profit on Thursday, banking on consecutive price…
Amazon shares tumble on slowing online sales growth
(Reuters) -Shares of Amazon.com fell more than 8% on Friday after the online retailer reported slowing online sales growth in…
Intel shares set to fall most in 24 years as it struggles with turnaround
(Reuters) – Intel was set to erase nearly $25 billion in market value on Friday in what would be its…
Moderna cuts 2024 sales forecast, sees low EU vaccine revenue into 2026
By Patrick Wingrove and Leroy Leo (Reuters) -Moderna on Thursday cut its 2024 sales forecast for COVID-19 and respiratory syncytial…
Qualcomm forecasts quarterly revenue above estimates on smartphone strength
(Reuters) – Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, helped by strong demand for high-end Android devices,…
Amazon set to join Big Tech’s spending surge as AI race heats up
By Deborah Mary Sophia (Reuters) – Amazon.com is expected to join Google and Microsoft on Thursday in reporting a surge…
P&G posts surprise sales drop as demand slows despite price restraint
By Ananya Mariam Rajesh and Jessica DiNapoli (Reuters) -Procter & Gamble posted a surprise drop in fourth-quarter sales, as the…