AI mania drives Wall Street to higher close ahead of earnings
By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – The tech-heavy Nasdaq closed higher on Tuesday, leading gains on Wall…
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Banc of California and PacWest to merge, raise $400 million in equity
By Niket Nishant, Nupur Anand and David French (Reuters) – Banc of California and PacWest Bancorp will merge in an…
Microsoft charges ahead with spending to serve AI demand
By Yuvraj Malik and Stephen Nellis (Reuters) -Microsoft on Tuesday laid out an aggressive spending plan to meet demand for…
Wildfires bring death and destruction to sun-scorched Mediterranean
By Fedja Grulovic and Lamine Chikhi RHODES/ALGIERS (Reuters) – Large areas of the Mediterranean sweltered under an intense summer heatwave…
Alphabet profit beats expectations, CFO Porat to assume new role
By Greg Bensinger, Akash Sriram and Max A. Cherney SAN FRANCISCO (Reuters) -Alphabet’s second-quarter profit exceeded Wall Street expectations on…
Snap shares drop on softer Q3 outlook as app tries to revamp ads
By Sheila Dang (Reuters) -Photo messaging app-owner Snap Inc on Tuesday gave weaker third quarter guidance than analysts had expected…
RTX shares tumble on Pratt & Whitney airliner engine problem
By Valerie Insinna, Mike Stone and Pratyush Thakur (Reuters) -Pratt & Whitney on Tuesday hit fresh turbulence over a problem-plagued…
Visa looks to soothe spending slowdown fears after tepid quarter
By Niket Nishant and Sri Hari N S (Reuters) -Visa on Tuesday forecast annual results in line with Wall Street…
Teenage son of LeBron James in stable condition after cardiac arrest
By Brendan O’Brien (Reuters) -The 18-year-old son of NBA legend LeBron James suffered a cardiac arrest while practicing with the…
UPS, union avert strike with planned 5-year deal, more pay
By Lisa Baertlein and Priyamvada C (Reuters) -UPS and its Teamsters union have signed a tentative contract deal for about…