Disappointing Meta forecast pulls down tech peers in extended trade
By Stephen Culp NEW YORK (Reuters) – Disappointing forecasts from Facebook parent Meta Platforms has proven contagious, sparking a sell-off…
Chipotle lifts annual sales forecast as customer traffic holds up despite uncertainties
By Granth Vanaik (Reuters) -Chipotle Mexican Grill raised its full-year sales forecast on Wednesday, on the back of resilient demand…
IBM to buy HashiCorp in $6.4 billion deal to expand in cloud
By Arsheeya Bajwa (Reuters) -International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said…
Tesla promises ‘more affordable’ cars after shelving all-new Model 2
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla said on Tuesday it would introduce “new models” by early 2025 using…
Visa results beat estimates on resilient consumer spending
By Manya Saini and Pritam Biswas (Reuters) -Visa’s second-quarter results sailed past Wall Street estimates on Tuesday, as consumers shrugged…
JPMorgan CEO Dimon says US economy is booming
By Nupur Anand (Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment…
Coca-Cola signs $1.1 billion deal to use Microsoft cloud, AI services
By Stephen Nellis (Reuters) – Microsoft said on Tuesday that Coca-Cola had signed a $1.1 billion five-year deal to use…
Boeing expects slower increase in 787 production rate and deliveries, memo says
By Allison Lampert and David Shepardson (Reuters) -Boeing expects a slower increase in the production rate and deliveries of its…
Trump says Biden would be ‘responsible’ for any TikTok ban
By David Shepardson WASHINGTON (Reuters) – Republican presidential candidate Donald Trump said on Monday that President Joe Biden was “pushing”…
Tesla expected to post lower profit margin amid doubts on growth, product strategy
By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla is expected to report its lowest gross profit margin in more…