Ackman exits Lowe’s after bet earned $1.3 billion for Pershing Square funds
NEW YORK (Reuters) – Hedge fund manager William Ackman exited his position in Lowe’s after the home improvement retailer earned…
February 2024
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…
Chipotle’s quarterly results shine as burrito demand holds strong
By Deborah Mary Sophia (Reuters) -Chipotle Mexican Grill topped market estimates for quarterly profit and sales on Tuesday, helped by…
US power use to reach record highs in 2024 and 2025 -EIA
(Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA)…
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…
Trump heads to US Supreme Court with a familiar claim: he is untouchable
By Andrew Chung and John Kruzel WASHINGTON (Reuters) – Donald Trump will try to persuade the U.S. Supreme Court this…
Nvidia hits record high as Goldman Sachs boosts PT on AI prospects
(Reuters) -Nvidia’s shares scaled a new peak on Monday after Goldman Sachs raised its price target for the high-flying chipmaker’s…
Caterpillar’s shares hit record high on profit beat, robust demand
By Bianca Flowers and Shivansh Tiwary (Reuters) -Caterpillar beat estimates with a double-digit jump in operating profit on Monday to…
Scorching US economy throws off market’s Fed cut narrative
By Lewis Krauskopf NEW YORK (Reuters) -Robust U.S. economic data is confronting investors with an unexpected question: whether strong growth…