(Reuters) -U.S. drugmaker Pfizer launched a new multi-year program to reduce its expenses by about $1.5 billion by the end…
Nasdaq jumps as Nvidia results drive up chip stocks
By Ankika Biswas and Lisa Pauline Mattackal (Reuters) – The tech-heavy Nasdaq and the benchmark S&P 500 opened at record…
Boeing sees free cash burn in 2024 as deliveries remain sluggish
By Allison Lampert and David Shepardson (Reuters) -Boeing will burn rather than generate cash in 2024 and deliveries will not…
Off-price retailer TJX posts upbeat Q1, lifts annual profit view on robust demand
By Anuja Bharat Mistry (Reuters) -TJ Maxx parent TJX Cos posted better-than-expected first-quarter results and raised its annual profit forecast…
Target issues weak forecast as shoppers pull back; shares tumble
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Target on Wednesday said it expects consumer caution to persist after it…
Biogen to buy Human Immunology Biosciences for up to $1.8 billion deal
(Reuters) -Biogen said on Wednesday it had agreed to buy privately held Human Immunology Biosciences for up to $1.8 billion,…
Sam Altman’s OpenAI signs content agreement with News Corp
(Reuters) -Sam Altman-led OpenAI has signed a deal that will give it access to content from some of the biggest…
North Face owner VF Corp misses quarterly revenue estimates, posts loss as demand sags
(Reuters) – VF Corp posted a fourth-quarter loss and reported revenue below analysts’ estimates on Wednesday as sales declined across…
Nvidia forecasts quarterly revenue above estimates, announces stock split
By Arsheeya Bajwa and Stephen Nellis (Reuters) -Nvidia forecast second-quarter revenue above estimates on Wednesday and announced a ten-for-one forward…
Amazon’s cloud unit pauses orders of Nvidia’s most powerful chip, FT reports
(Reuters) – Amazon.com’s cloud services unit has paused orders of Nvidia’s most advanced “superchip” to wait for a more powerful…