UPS targets lucrative e-commerce returns, healthcare with acquisitions
By Lisa Baertlein (Reuters) – United Parcel Service on Thursday said it is spending more than $1 billion this quarter…
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Analysis-US investment banks see early signs of revival in dealmaking
By Tatiana Bautzer and Lananh Nguyen NEW YORK (Reuters) – Major Wall Street firms said a dismal year of dealmaking…
Amazon rallies on cloud optimism as it chases Microsoft for AI business
By Aditya Soni (Reuters) -Amazon.com rose 7% on Friday on a pick up in growth at its most profitable cloud…
Ford again warns on EV results, withdraws 2023 forecast
By Paul Lienert and Nathan Gomes DETROIT (Reuters) -Ford Motor on Thursday withdrew its full-year results forecast due to “uncertainty”…
Yellen says US GDP is a ‘good strong number’, may keep bond yields higher
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday said U.S. third quarter economic growth of nearly…
Gold miner Newmont misses profit estimates, Penasquito return underway
By Seher Dareen (Reuters) -Newmont on Thursday missed Wall Street estimates for third-quarter profit as the world’s largest gold miner…
FedEx says U.S. Express service disrupted, blames FAA IT outage overnight
LOS ANGELES (Reuters) -FedEx Corp on Wednesday said its U.S. Express deliveries could be delayed due to an overnight Federal…
Alphabet shares sink as Microsoft extends cloud lead with focus on OpenAI
By Aditya Soni and Krystal Hu (Reuters) -Alphabet shares slumped on Wednesday after its cloud unit’s growth fell to near…
Thermo Fisher’s warning on more pain from biotech funding squeeze hits sector
By Bhanvi Satija (Reuters) -Thermo Fisher Scientific on Wednesday signaled that a slump in demand from biotechs for its services…
U.S. will extend EU metals tariff exemption if needed -envoy
BRUSSELS (Reuters) – The United States will roll over its suspension of tariffs on European Union steel and aluminium if…