Wall Street closes down, Dow snaps longest winning streak since 1987
By Carolina Mandl and Herbert Lash (Reuters) – U.S. stocks ended lower on Thursday after news that the Bank of…
Category: General
US launches $8.5 billion in rebates for home energy efficiency
By Timothy Gardner WASHINGTON (Reuters) – The Department of Energy said on Thursday it is accepting applications from states and…
AbbVie trims forecast for Humira sales drop on favorable coverage
By Leroy Leo and Patrick Wingrove (Reuters) -AbbVie on Thursday trimmed its 2023 view for declining sales of its flagship…
Facebook parent Meta sees advertising jump, tops Wall Street targets
By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms on Wednesday reported a strong rise in advertising revenue, topping…
Meta rallies as AI-powered ad sales drive ‘monster’ forecast
By Aditya Soni (Reuters) -Meta shares surged nearly 8% on Thursday as a rosy revenue forecast showed that artificial intelligence…
U.S. stocks close little changed as Fed leaves door open
By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – U.S. stocks ended Wednesday little changed following a Federal Reserve rate…
Mattel expects Barbie bounceback to spark toy sales
By Savyata Mishra (Reuters) -Mattel is banking on the box office success of the “Barbie” movie to help drive doll…
Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google
By Jeffrey Dastin (Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with…
Moderna/Merck begins late-stage study of skin cancer vaccine combination
(Reuters) -Moderna and its partner Merck said on Wednesday that they had begun enrolling patients in a late-stage study testing…
AT&T initiates new $2 billion cost-cutting program as free cash flow beats estimates
By Samrhitha A (Reuters) -AT&T expanded its cost-cutting plan by $2 billion on Wednesday after topping estimates for quarterly free…