Amazon jumps as AI, retail strength power revenue growth
By Akash Sriram and Aishwarya Venugopal (Reuters) -Amazon.com shares surged 7% on Friday after the e-commerce heavyweight reported higher-than-expected holiday…
Category: General
Chevron profit sinks but beats estimates, shares up
By Sabrina Valle HOUSTON (Reuters) – Chevron Corp on Friday beat analysts’ earnings estimates and increased dividends on higher oil…
Amazon posts AI-fueled cloud, ecommerce growth, shares jump
By Akash Sriram and Greg Bensinger (Reuters) -Amazon.com beat fourth-quarter revenue expectations on Thursday as new generative AI features in…
Bleach maker Clorox lifts annual sales, profit forecasts on faster inventory recovery
By Deborah Mary Sophia (Reuters) -Clorox raised its annual targets on Thursday, after handily beating quarterly earnings expectations, as the…
Stanley Black and Decker beats quarterly profit on price hikes, cost controls
(Reuters) – Stanley Black & Decker beat analysts’ expectations for fourth-quarter profit on Thursday, as the tools and industrial equipment…
Merck seeks more deals to prepare for Keytruda’s revenue decline
By Michael Erman and Leroy Leo (Reuters) -Merck & Co on Thursday said it was in the market for deals…
Fed holds rates steady, says more confidence needed in inflation slowdown
NEW YORK (Reuters) -The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them…
Biogen drops Alzheimer’s drug Aduhelm, ending a 17-year chapter
(Reuters) -Biogen will end a post-approval study of Alzheimer’s treatment Aduhelm and return the licensing rights on the drug after…
Analysis-Megacap stocks keep lifting US market, but worries over their dominance grow
By Lewis Krauskopf NEW YORK (Reuters) -Earnings reports this week from five of the so-called Magnificent Seven stocks are putting…
New US ETF targets ‘Magnificent Seven’ mega-cap technology stocks
By Suzanne McGee (Reuters) – Tidal Financial Group and ZEGA Financial launched a new exchange-traded fund (ETF) designed to profit…