By Manya Saini and Niket Nishant (Reuters) -Embattled New York Community Bancorp faced its third credit-rating cut on Thursday while…
S&P 500 closes at record high; earnings, rate outlook in focus
By Sinéad Carew and Johann M Cherian (Reuters) -Wall Street’s major stock indexes rose on Wednesday, with the benchmark S&P…
PayPal sees flat profit in ‘transition year,’ shares fall
By Manya Saini (Reuters) – PayPal’s forecast of flat growth in adjusted profit for the current year overshadowed its market-beating…
Disney to take $1.5 billion stake in Epic Games
(Reuters) – Walt Disney CEO Bob Iger announced Disney would acquire a $1.5 billion minority equity stake in Fortnite’s publisher…
Nvidia’s stock market value on verge of overtaking Amazon
By Noel Randewich (Reuters) – Wall Street’s enthusiasm about artificial intelligence has Nvidia on the verge of becoming more valuable…
Snap misses revenue estimate, shares plunge 30%
By Sheila Dang (Reuters) -Snap missed Wall Street estimates for quarterly revenue on Tuesday, as the Snapchat owner continued to…
Amgen quarterly profit rises 15%, obesity drug trials are on track
By Deena Beasley (Reuters) -Amgen on Tuesday said its adjusted fourth-quarter profit rose 15%, driven by a 20% increase in…
Gilead quarterly revenue drops 4%, oral COVID drug fails trial
By Deena Beasley (Reuters) -Gilead Sciences on Tuesday said fourth-quarter revenue dipped 4% on lower sales of HIV drugs and…
Spate of job cuts continues unabated at Big Tech, media firms
(Reuters) -Big Tech and media companies in the United States continue to announce fresh job cuts, a sign that the…
Palantir forecasts strong 2024 profit on robust AI demand, shares jump (Feb. 5)
(Corrects to “Monday” from “Tuesday” in first paragraph of Feb. 5 story) By Arsheeya Bajwa (Reuters) -Palantir Technologies forecast 2024…