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…
Looming US stock changes could cause headaches for international funds
By Laura Matthews and Sinead Cruise NEW YORK/LONDON (Reuters) – The looming introduction of a shorter settlement cycle for U.S.…
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…
Nuclear fusion backers meet in US capital as competition with China looms
By Timothy Gardner WASHINGTON (Reuters) -Leaders in the emerging Western nuclear fusion industry are convening in Washington, D.C., this week…
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…
Biden pushes plan to lower rents, blasts Trump in Nevada
By Jeff Mason LAS VEGAS (Reuters) -U.S. President Joe Biden highlighted plans to lower housing costs during stops across Nevada…
Ukraine’s survival in danger, Pentagon chief warns
By Idrees Ali and Phil Stewart RAMSTEIN AIR BASE, Germany (Reuters) -U.S. Defense Secretary Lloyd Austin on Tuesday warned that…
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…