Apple shares jump as record buyback and upbeat forecast lure investors
By Aditya Soni (Reuters) -Apple shares jumped 7% on Friday as the iPhone maker’s record stock buyback plan and promise…
Category: Business
Weaker US jobs data soothes Fed worries of renewed overheating
By Howard Schneider and Lindsay Dunsmuir (Reuters) – Federal Reserve officials, buffeted by concerns the economy might again overheat, got…
Novo Nordisk drops 5% after rival Amgen teases weight-loss drug data
(Reuters) – Shares in Danish drugmaker Novo Nordisk dropped as much as 5.3% on Friday, set for their biggest one-day…
Apple unveils record $110 billion buyback as results beat low expectations
By Stephen Nellis, Max A. Cherney and Yuvraj Malik (Reuters) – Apple’s quarterly results and forecast beat modest expectations on…
Shell smashes forecasts with $7.7 billion quarterly profit
By Ron Bousso LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red…
AMD, Super Micro spark chip selloff as earnings miss lofty AI expectations
By Harshita Mary Varghese (Reuters) -Advanced Micro Devices and Super Micro Computer led a selloff in chip stocks on Wednesday…
JPMorgan says its Russia assets may be seized after lawsuits in Russia, US
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase said in a filing on Wednesday that its assets in Russia may…
Carvana shares soar on upbeat forecast for core profit, retail sales
(Reuters) -Shares of Carvana surged nearly 30% in extended trading on Wednesday after the used-car seller forecast a surprise rise…
Kroger in talks to bring Disney+ to its grocery delivery program, Bloomberg News says
(Reuters) – Kroger and Walt Disney’s are in talks to bring streaming service Disney+ to the food retailer’s grocery delivery…
Musk disbands Tesla EV charging team, leaving customers in the dark
By Joseph White, Akash Sriram and Nora Eckert DETROIT (Reuters) -Elon Musk’s abrupt decision to lay off employees who ran…