Walmart delivers another quarter of impressive sales but economic uncertainty elicits a cautious financial outlook.
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Wall Street has always had a language problem. Analysts write dense, 40-page reports full of "EPS revisions" and "addressable market assumptions" that most investors never finish. Then someone like Jim Cramer shows up and says four words that cut through all of it. That's the thing about the AI ...
The retailer said shoppers pushed its grocery, general merchandise and online sales higher in the most recent quarter.
Charlamagne tha God’s morning radio show has been a standout success among the streamer’s video podcast efforts.
Charlamagne tha God’s morning radio show has been a standout success among the streamer’s video podcast efforts.
The Trump administration hopes to spur “a new era of American innovation,” Commerce Secretary Howard Lutnick says.
The healthcare team covers Q1 results from pharma and medtech companies and provides a wrap-up of the key takeaways.
Chinese EV maker NIO’s sales doubled in the first quarter, but that wasn’t enough to stop it from returning to a net loss after posting its first-ever profit at the end of last year.
The pay deal reached between Samsung Electronics and its union is being hailed as a win for the company which gained key concessions and averted a massive strike, as well as for its memory chip workers - some of whom will receive $416,000 bonuses. Samsung's shares surged 8.5% to a record high on Thursday after the planned 18-day strike by some 48,000 domestic workers was suspended. Samsung workers had been furious about the large gap in bonuses with their peers at smaller rival SK Hynix which had beaten Samsung to the punch in delivering advanced AI chip units to Nvidia, bolstering its fortunes.
Deere posted higher fiscal second-quarter sales as growth in the company’s construction equipment business helped to offset weakness in its production agriculture segment.
(Bloomberg) -- Taiwanese officials are seeking to detain three individuals for forging documents in order to export Nvidia Corp. AI chips to China, the island democracy’s first such crackdown on semiconductor smuggling.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI Is Ready to Go MainstreamUS Treas
Alphabet's Google, Meta Platforms and TikTok were hit with complaints from European Union consumer groups on Thursday for allegedly failing to protect users from financial scams on their platforms. The move highlights growing pressure worldwide on Big Tech to do more to address the negative impacts of social media, particularly for children and vulnerable users. The complaints, filed by the European Consumer Organisation (BEUC) and 29 of its members in 27 European countries, were submitted to the European Commission and national regulators under the Digital Services Act, which requires large online platforms to do more to tackle illegal and harmful content.
The Union Pacific–Norfolk Southern merger deserves scrutiny but also serious consideration, because the alternative is a system never built to work.
The Trump administration is awarding $2 billion in grants to nine quantum-computing companies in deals that include the U.S. government taking equity stakes, the Wall Street Journal reported on Thursday, citing the Commerce Department. The department has agreed to give $1 billion of the package to IBM, while GlobalFoundries will receive $375 million, according to the report. The remaining firms, including D-Wave Quantum, Rigetti Computing and Infleqtion, are expected to receive $100 million each, while startup Diraq may receive $38 million, according to the WSJ report.
The Japanese drugmaker that sells rare-disease medicine Tavneos said new patients will be able to get the drug, which carries risk of liver injury.
Consumer and renewable energy advocates say the stock transaction gave Blackstone an early stake in TXNM Energy before regulators could negotiate acquisition-related conditions or customer protections. The companies deny wrongdoing.
LONDON/NEW YORK, May 21 (Reuters) - Lower prices for weight-loss pills from Novo Nordisk and Eli Lilly are prompting patients to switch from compounded medications to branded Wegovy and Foundayo, according to Reuters interviews with nine U. Prices for the lowest doses of both Novo's oral Wegovy and Lilly's Foundayo tend to be lower than for their injected obesity medicines, and at par with those offered by pharmacies that mix the ingredients themselves and make compounded versions.
In an environment of increased public scrutiny, the REITs are emphasizing their ability to boost housing production and partner with nonprofit developers.
A Texas power station is a major producer of the pollutant sulfur dioxide. Neighbors are taking notice.
Silicon Valley’s hottest startups are competing fiercely as big tech firms contend with fickle investors and hard choices.
Competition is growing, but the AI chip maker’s sluggish stock doesn’t give enough credit for its strong position.
(Bloomberg) -- Iran said the latest proposal from the US has partly bridged the gap between the warring sides, as they seek to turn a fragile ceasefire into a peace deal.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI Is Ready to Go MainstreamUS Treasuries Rebound on Optimism for US-Iran Deal Progre
May 21 - Ride-hailing firm Uber saigned an agreement with Indian steel-to-cement conglomerate JSW Group on Thursday to develop and deploy electric vehicles for the domestic market.
May 21 () - JPMorgan will likely hire more artificial intelligence specialists and fewer traditional bankers, CEO Jamie Dimon told Bloomberg News in an interview published late Wednesday. Here are some details: • "There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive," Dimon said in a Bloomberg Television interview at the bank's China Summit in Shanghai.
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Manus co-founders are weighing ways to comply with China's order to unwind Meta's $2 billion-plus acquisition of the AI startup, Bloomberg News reported on Thursday. Founders Xiao Hong, Ji Yichao and Zhang Tao are exploring options, including raising about $1 billion from external investors to buy their way back, the report said citing people familiar with the matter. They are discussing a funding round that would value the company at a level to match what Meta paid to buy Singapore-based Manus, the report added.
By Alexandra Alper and Stephen Nellis WASHINGTON, May 21 (Reuters) - The Trump administration on Thursday plans to launch a new program to entice foreign firms to buy U.S.
In a blockbuster deal, NextEra Energy will acquire Dominion for nearly $67 billion.
SpaceX’s S-1 just handed legacy defense investors a number they cannot ignore. And you can bet they won’t. In 2025, roughly one-fifth of SpaceX revenue came from U.S. federal agencies, primarily NASA, the Department of War, the General Services Administration, and certain Intelligence Community agencies, focused on launch services, spacecraft development, satellite deployment, and artificial ... One-Fifth of SpaceX Revenue Comes From Uncle Sam: The Defense Contractors That Should Worry
Around Samsung Electronics' sprawling chip complex southwest of Seoul, workers and residents have met news of a last-gasp pay agreement to prevent a strike with both relief and concern. The tentative pay deal has sparked relief in South Korea, given Samsung's importance to the economy, while raising hopes among businesses in the neighbourhood around the complex. "If employees receive performance bonuses as a result of this general strike, I think restaurants near Samsung will benefit greatly, including through company dinners and group meals,” said Lee Se-hee, who owns a fine dining restaurant in Pyeongtaek, a city of around 650,000 people.