By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) -Big Tech is facing its biggest…
Category: Business
China blocks use of Intel and AMD chips in government computers, FT reports
(Reuters) -China has introduced guidelines to phase out U.S. microprocessors from Intel and AMD from…
S&P 500 ends near flat but index posts biggest weekly gain of year
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 ended little changed on Friday, but…
Nike, Lululemon sink as annual forecasts disappoint
By Savyata Mishra (Reuters) -Nike shares tumbled 8% on Friday after the Air Jordan maker…
Walmart-backed tech firm Ibotta files for US IPO
(Reuters) – Walmart-backed digital marketing company Ibotta has filed to go public in the United…
Nike warns of revenue dip as it cuts back on key products
By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Nike warned on Thursday that its revenue…
Amazon appeals $34.6 million fine by French regulator over staff monitoring
(Reuters) – E-commerce giant Amazon.com said on Friday it has appealed French regulator CNIL’s decision…
FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%
By Lisa Baertlein and Aishwarya Jain (Reuters) -FedEx narrowed its fiscal 2024 profit forecast on…
BlackRock urges Texas fund managers to reconsider after $8.5 billion divestment
By Isla Binnie NEW YORK (Reuters) -A senior BlackRock executive said on Thursday the world’s…
Apollo offers $11 billion for Paramount’s Hollywood studio, source says
By Dawn Chmielewski (Reuters) – Private equity firm Apollo Global Management has offered $11 billion…