Disney’s investment in Epic Games signals the company has to ‘be there’
By Dawn Chmielewski (Reuters) -In 2017, Epic Games was among a handful of companies selected to participate in Walt Disney’s…
Category: Business
PayPal tumbles as flat profit growth forecast in 2024 clouds strategy shift
By Manya Saini and Mehnaz Yasmin (Reuters) -PayPal shares fell 9% in early trading on Thursday after it forecast a…
NYCB shares end higher as new executive chair seeks to bolster confidence
By Niket Nishant and Lewis Krauskopf (Reuters) -Shares of New York Community Bancorp closed higher on Wednesday after the lender…
Snap slumps as ad sales lag larger rivals
By Samrhitha A (Reuters) -Snap slumped more than 32% on Wednesday after fourth-quarter revenue missed Wall Street expectations, with the…
Uber expects strong core profit as ride share, food delivery pick up pace
By Yuvraj Malik (Reuters) -Uber Technologies forecast quarterly core profit and gross bookings above estimates and reported market-beating results for…
Nvidia’s stock market value on verge of overtaking Amazon
By Noel Randewich (Reuters) – Wall Street’s enthusiasm about artificial intelligence has Nvidia on the verge of becoming more valuable…
Google to pay $350 million to settle shareholders’ data privacy lawsuit
By Jonathan Stempel (Reuters) – Google agreed to pay $350 million to settle a lawsuit by shareholders related to a…
Lilly rides wave of weight-loss drug demand, working to expand capacity
By Patrick Wingrove and Bhanvi Satija (Reuters) – Eli Lilly on Tuesday forecast 2024 profit above Wall Street estimates on…
Palantir forecasts strong 2024 profit on robust AI demand, shares jump (Feb. 5)
(Corrects to “Monday” from “Tuesday” in first paragraph of Feb. 5 story) By Arsheeya Bajwa (Reuters) -Palantir Technologies forecast 2024…
BP boosts share buybacks as $3 billion quarterly profit beats forecast
By Ron Bousso and Deep Kaushik Vakil LONDON (Reuters) -BP posted forecast-beating earnings of $3 billion for the fourth quarter…