Walmart-backed tech firm Ibotta files for US IPO
(Reuters) – Walmart-backed digital marketing company Ibotta has filed to go public in the United States, it said in a…
Category: Business
Nike warns of revenue dip as it cuts back on key products
By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Nike warned on Thursday that its revenue in the first half of…
Amazon appeals $34.6 million fine by French regulator over staff monitoring
(Reuters) – E-commerce giant Amazon.com said on Friday it has appealed French regulator CNIL’s decision to fine the company 32…
FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%
By Lisa Baertlein and Aishwarya Jain (Reuters) -FedEx narrowed its fiscal 2024 profit forecast on Thursday, raising the bottom end…
BlackRock urges Texas fund managers to reconsider after $8.5 billion divestment
By Isla Binnie NEW YORK (Reuters) -A senior BlackRock executive said on Thursday the world’s largest asset manager was “dismayed”…
Apollo offers $11 billion for Paramount’s Hollywood studio, source says
By Dawn Chmielewski (Reuters) – Private equity firm Apollo Global Management has offered $11 billion for Paramount Global’s Paramount Pictures…
Chipotle shares breach $3,000 on first ever stock-split plan
By Savyata Mishra (Reuters) -Chipotle Mexican Grill’s stock breached the $3,000 mark for the first time on Wednesday and closed…
Super Micro’s shares drop after pricing stock offering at discount
(Reuters) – Super Micro Computer’s shares fell 5% on Wednesday after the AI server maker announced the pricing of its…
Meta offers to almost halve Facebook and Instagram monthly fees
By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms has offered to almost halve its monthly subscription fee for Facebook and…
SpaceX to sell satellite laser links that speed in-space communication to rivals
By Joey Roulette WASHINGTON (Reuters) -SpaceX has started selling satellite lasers, which are used for speedy in-space communications, to other…