By Lisa Baertlein and Priyamvada C (Reuters) -United Parcel Service cut its full-year revenue and profitability targets on Tuesday as the world's largest package deliverer faces higher labor costs and fights to win back U.S. business lost during tumultuous contract…
By Deborah Mary Sophia (Reuters) -Restaurant Brands International topped market estimates for quarterly results on Tuesday, signaling its Burger King turnaround plans were bearing fruit, with the chain drawing more customers through improved marketing and new technology at its outlets.…
By Max A. Cherney (Reuters) - Nvidia announced a new configuration on Tuesday for its advanced artificial intelligence chips that is designed to speed generative AI applications. The new version of the Grace Hopper Superchip boosts the amount of high-bandwidth…
By Jonathan Stempel (Reuters) -Berkshire Hathaway's stock price set a record high on Monday, rising 3.4% after the conglomerate run by billionaire investor Warren Buffett said quarterly operating profit topped $10 billion for the first time. In its second-quarter earnings…
(Reuters) - Elon Musk's brain chip startup Neuralink has raised $280 million in a funding round led by Peter Thiel's Founders Fund, months after securing approval for its first in-human clinical trial. The company did not reveal the valuation at…
NEW YORK/BENGALURU (Reuters) -Elon Musk said on Sunday his proposed fight with Meta Chief Executive Mark Zuckerberg would be live-streamed on social media platform X, formerly known as Twitter, but a date for the match is "still in flux". "I'm…
By Echo Wang (Reuters) - Wall Street closed lower on Friday after a report of slowing U.S. labor market growth, and all three major indexes posted weekly losses as investors braced for more possible downside surprises a day after disappointing…
By Ernest Scheyder (Reuters) - Albemarle is building an Arkansas facility to test its version of direct lithium extraction (DLE) technology with the goal of eventually filtering the electric vehicle battery metal from existing bromine operations, its CEO said on…
By Niket Nishant (Reuters) -Google-parent Alphabet said on Friday it had slashed its stake in Robinhood Markets by nearly 90%, cutting its exposure to the trading app operator that has been grappling with a slowdown in its mainstay business. Alphabet…
By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks have rallied this year, largely on the back of companies with ties to artificial intelligence (AI), but as those shares become expensive, investors are turning towards firms set to benefit from…
