By John Kruzel WASHINGTON (Reuters) – President Joe Biden’s administration on Friday urged the U.S….
Business
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Nike, Lululemon sink as annual forecasts disappoint
By Savyata Mishra (Reuters) -Nike shares tumbled 8% on Friday after the Air Jordan maker…
Business
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Walmart-backed tech firm Ibotta files for US IPO
(Reuters) – Walmart-backed digital marketing company Ibotta has filed to go public in the United…
Business
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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…
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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…
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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…
Economy
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Looming US stock changes could cause headaches for international funds
By Laura Matthews and Sinead Cruise NEW YORK/LONDON (Reuters) – The looming introduction of a…
Business
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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…
Business
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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…
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Nuclear fusion backers meet in US capital as competition with China looms
By Timothy Gardner WASHINGTON (Reuters) -Leaders in the emerging Western nuclear fusion industry are convening…