By Neil J Kanatt, Anuja Bharat Mistry (Reuters) -Lululemon Athletica forecast annual revenue and profit below estimates on Thursday as the lack of consumer appeal for its newer styles has been pushing customers to look for products from competitors such as Alo Yoga and Vuori. The company’s shares fell about 11% in extended trading. Lululemon’s…
(Reuters) -Nvidia CEO Jensen Huang said on Wednesday that orders for some 3.6 million of its flagship “Blackwell” chips from four top cloud service providers “under represented” demand, since they did not include orders from key customer Meta. Facebook-owner Meta Platforms is among the largest buyers of Nvidia chips and Mark Zuckerberg, CEO of the…
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal is exploring the construction of a pipeline to move liquefied petroleum gas (LPG) across the trade passage, canal administrator Ricuarte Vasquez said on Monday, with Japan seen as a top potential client for gas coming from the U.S. WHY IT’S IMPORTANT The canal, one of…
By Portia Crowe (Reuters) – Barrick Gold remains “fully engaged and committed to reaching a mutually beneficial resolution” with Mali to end a dispute over its assets there, its chief operating officer for Africa and the Middle East said in a memo seen by Reuters on Saturday. The Canadian miner and Malian government have been…
By AJ Vicens and Raphael Satter DETROIT (Reuters) – U.S. authorities have in recent weeks begun releasing seized Chinese-made equipment used for cryptocurrency mining, two industry executives told Reuters. Cryptocurrency miners – basically souped-up computers with advanced chips – compete with one another to solve mathematical puzzles, a process which helps build the blockchains underpinning…
(Reuters) -Amazon’s cloud services provider, Amazon Web Services, will invest about $8.2 billion in India’s western state of Maharashtra over the next few years, the information technology ministry said on Monday. India has been stepping up its efforts to pilot local cloud data storage. According to a report by International Data Corporation, the country’s cloud…
(Reuters) – Analog Devices topped first-quarter Wall Street expectations for revenue and profit on Wednesday, driven by a recovery in chip demand, particularly in the consumer segment, sending its shares up 5% in premarket trading. The company provides semiconductors to a variety of industries, including aerospace, automotive, communications, digital healthcare and industrial automation. Wilmington, Massachusetts-based…
(Reuters) -Weight-loss drug developer Metsera, backed by ARCH Venture Partners, revealed a wider loss in its paperwork for a U.S. initial public offering on Friday. The terms of the IPO were not disclosed in the filing. Strong equity markets, falling interest rates and hopes of a friendlier regulatory environment under the incoming Trump administration have…
(Reuters) – The U.S. government on Friday proposed 2026 reimbursement rates for Medicare Advantage plans run by private insurers that will result in a 2.2% increase in payments, compared with a decline of 0.2% last year. Shares of insurers UnitedHealth Group, Elevance Health, CVS Health Corp and Humana rose between 1% and 3.2% in extended…
(Reuters) – Shares in European spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on alcoholic drinks. Alcoholic drinks should carry a label warning consumers about their cancer risks, U.S. Surgeon General Vivek Murthy said in an advisory, noting that their consumption increases the risk of developing breast,…
