Roblox forecast cut adds to videogame gloom, shares fall most in two years
By Zaheer Kachwala (Reuters) -Roblox cut its annual bookings forecast on Thursday, fanning concerns about a slump in the videogame…
Airbnb forecasts weaker Q2 revenue despite robust demand for international travel
(This May 8 story has been corrected to clarify that nights and experiences booked rose to 133 million, not $133…
Green steel needs tiered incentives to become reality in Asia: Russell
By Clyde Russell SINGAPORE (Reuters) -It’s time for a reality check about decarbonising Asia’s vast and growing steel sector. Reducing…
Microsoft to shut Africa development centre in Nigeria
LAGOS (Reuters) – Microsoft is closing down its Africa Development Centre in the continent’s most populous nation Nigeria, which will…
US paused Israel weapons shipment due to Rafah, US defense secretary says
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) -President Joe Biden decided to hold back delivery of high payload munitions…
Lyft forecasts strong quarterly earnings as ride-hailing demand picks up
By Yuvraj Malik (Reuters) -Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday,…
Rivian sticks to production forecast below Wall Street targets
By Akash Sriram and Abhirup Roy (Reuters) -Electric-pickup maker Rivian on Tuesday stuck to a 2024 production forecast well below…
Saudi Aramco maintains $31 billion dividend despite lower Q1 net income
By Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabia’s state oil giant Aramco expects to pay $31 billion in dividends to…
Apple working on AI chips for data centers, WSJ reports
(Reuters) – Apple is developing its own chip to run artificial intelligence software in data centers, the Wall Street Journal…
Exclusive-Disney and Comcast seek advisor to resolve Hulu valuation, sources say
By Anirban Sen and Dawn Chmielewski NEW YORK (Reuters) – Walt Disney and Comcast are seeking to hire a financial…