(Reuters) – Despite “remarkable” progress on U.S. inflation, Federal Reserve Bank of San Francisco President Mary Daly said on Friday…
DoorDash’s rising labor costs weigh on Q1 profit outlook, shares fall
By Granth Vanaik (Reuters) -DoorDash on Thursday forecast a quarterly profitability metric below Wall Street expectations, hurt by higher labor…
Applied Materials sees quarterly revenue above estimates on AI boom
(Reuters) -Semiconductor equipment supplier Applied Materials forecast better-than-expected second-quarter revenue on strong demand for advanced chips used in artificial intelligence…
Roku reports bigger-than-expected quarterly loss on stiff competition
(Reuters) -Roku reported a bigger-than-expected fourth-quarter loss on Thursday, as it grappled with intense competition from deep-pocketed rivals and weak…
TSX posts biggest gain in two months as resource shares jump
By Purvi Agarwal and Fergal Smith (Reuters) -Canada’s main stock index on Thursday posted its biggest gain in two months,…
Wall Street ends higher, lifted by Uber, Lyft and Nvidia
By Noel Randewich and Johann M Cherian (Reuters) -Wall Street ended sharply higher on Wednesday as ride-hailing platforms Lyft and…
Meta adds exec from key chip partner to board
By Max A. Cherney and Stephen Nellis (Reuters) -Meta Platforms on Wednesday added Broadcom CEO Hock Tan to its board…
Nvidia replaces Alphabet as Wall St’s third most valuable company
By Noel Randewich (Reuters) -Nvidia eclipsed Google-parent Alphabet as the third most valuable U.S. company on Wednesday, just after overtaking…
Exclusive-Biden slashes F-35 jet order 18% in 2025 budget request, sources say
By Mike Stone WASHINGTON (Reuters) -U.S. President Joe Biden wants an 18% cut in the number of F-35 jets the…
Nvidia market cap threatens Alphabet after overtaking Amazon
By Noel Randewich (Reuters) – Nvidia was on the verge of overtaking Alphabet as Wall Street’s third most valuable company…