by iwd | Aug 2, 2024 | Uncategorized
(Reuters) – The Nasdaq Composite index fell 2.2% on Friday, putting it on track to confirm it is in a correction following concerns about pricey Big Tech valuations and a cooling economy.Hit by softer-than-expected job reports and disappointing forecasts from...
by iwd | Aug 1, 2024 | General
By Luc Cohen and Jonathan StempelNEW YORK (Reuters) – A New York state appeals court on Thursday rejected Donald Trump’s challenge to a gag order in his hush money criminal case, where the former U.S. president was convicted in May on charges stemming from...
by iwd | Aug 1, 2024 | Business
By Patrick Wingrove and Leroy Leo(Reuters) -Moderna on Thursday cut its 2024 sales forecast for COVID-19 and respiratory syncytial virus vaccines by up to 25%, or $1 billion, due partly to low COVID sales to the EU that it expects to continue into 2026.The vaccine...
by iwd | Aug 1, 2024 | Uncategorized
(Reuters) – Global mega tech companies’ market capitalisation dropped sharply in July, in response to disappointing quarterly results and concerns over high valuations, prompting investors to shift their focus away from the AI sector.In the first half of...
by iwd | Aug 1, 2024 | General
By Jody Godoy(Reuters) -Apple on Thursday asked a U.S. judge to dismiss federal and state antitrust regulators’ lawsuit accusing the iPhone maker of illegally monopolizing the smartphone market, saying the case seeks “judicial redesign” of the...
by iwd | Jul 31, 2024 | General
ISTANBUL (Reuters) – Thousands of pro-Palestinian protesters marched through the streets of central Istanbul late on Wednesday to protest the killing of Hamas leader Ismail Haniyeh.Haniyeh was assassinated in the Iranian capital Tehran in an attack that drew...
by iwd | Jul 31, 2024 | Business
(Reuters) – Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, helped by strong demand for high-end Android devices, and betting that more chips will be used in smartphones that are getting AI upgrades.Shares of the San Diego,...
by iwd | Jul 31, 2024 | General
(Reuters) – Walt Disney plans to eliminate some jobs in its TV unit to cut costs in an eroding business, Bloomberg News reported on Wednesday, citing people familiar with the matter.The Mouse House will cut about 140 positions, around 2% of staff at Disney...
by iwd | Jul 31, 2024 | Business
By Deborah Mary Sophia(Reuters) – Amazon.com is expected to join Google and Microsoft on Thursday in reporting a surge in capital spending on artificial intelligence as Big Tech companies rush to capitalize on the booming technology.The e-commerce giant’s...
by iwd | Jul 30, 2024 | Business
By Ananya Mariam Rajesh and Jessica DiNapoli(Reuters) -Procter & Gamble posted a surprise drop in fourth-quarter sales, as the company’s efforts to reel in years of steep price hikes failed to win over price-conscious consumers who snubbed the...
