(Reuters) -Palo Alto Networks forecast fiscal 2025 revenue and profit above Wall Street estimates on Monday, a sign of growing demand for its comprehensive cybersecurity products as digital threat landscape evolves. Shares of Santa Clara, California-based Palo Alto Networks rose about 4% in extended trading, as the company also announced an additional $500 million for…
(Reuters) – Republican presidential candidate Donald Trump on Monday said he would consider ending a $7,500 tax credit for electric vehicle purchases, calling it “ridiculous.” “Tax credits and tax incentives are not generally a very good thing,” Trump said in an interview with Reuters after a campaign event in York, Pennsylvania when asked about the…
(Refiles to add missing word in paragraph 4) MCLEAN, VIRGINIA (Reuters) – A running joke among residents of McLean, Virginia is that the most secretive organization headquartered in their Washington D.C. suburb is not the Central Intelligence Agency, but rather a confectionery and pet products company. Here, the second-richest U.S. family runs Mars Inc, maker…
(Reuters) -Atlanta Federal Reserve President Raphael Bostic on Tuesday said recent economic data has made him “more confident” the U.S. central bank can get inflation back to its 2% target, but he wants to see “a little more data” before he’s ready to support lowering interest rates. Bostic, speaking at an event in Atlanta, noted…
By Kenrick Cai, Max A. Cherney MOUNTAIN VIEW, California -Alphabet’s Google on Tuesday unveiled a lineup of new Pixel smartphones with deeper integrations of its artificial intelligence technology as it races to incorporate AI into its hardware. The event at Alphabet’s Bay View campus in Mountain View, California, bucks a tradition Google has maintained with…
By Lewis Krauskopf NEW YORK (Reuters) – A bruising selloff in U.S. stocks is putting a sharper focus on valuations of the tech names such as Nvidia and Microsoft that have driven markets higher for most of this year. Despite a recent pullback, the S&P 500 tech sector is trading at 29.5 times 12-month earnings…
By Hari Kishan BENGALURU (Reuters) – Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with risks still tilted toward higher inflation even as they cling on to their forecasts for interest rate cuts. While most major central banks were successful last year in taming sky-rocketing…
(Reuters) -McDonald’s reported a surprise drop in quarterly global comparable sales on Monday, as the burger giant struggled to hold back budget-strapped customers from opting for cheaper meals at home. Global sales fell 1% in the second quarter, its first decline in 13 quarters, compared with analysts’ average estimate of a 0.53% rise, according to…
(Reuters) -Abbott Laboratories’ shares fell nearly 7% premarket, while British peer Reckitt Benckiser slumped 9% on Monday, after the U.S. healthcare firm was ordered to pay $495 million in damages related to its formula for premature infants. A jury late on Friday found Abbott’s specialized formula for premature infants caused an Illinois girl to develop…
(Reuters) -3M Co raised the low end of its full-year adjusted profit forecast on Friday expecting to benefit from restructuring measures and increasing demand for electronics, sending its shares up more than 4% in premarket trading. The company has benefited from steady price increases across categories, which have helped it offset inflation and slow demand…
