By Trevor Hunnicutt MIAMI (Reuters) -U.S. President Joe Biden traveled to Florida on Tuesday to raise funds for his 2024 reelection bid on the home turf of his likely opponent, …
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Microsoft touts AI strength, but shares dip as market digests costs
by Reutersby ReutersBy Stephen Nellis, Yuvraj Malik and Anna Tong (Reuters) -Microsoft beat market estimates for quarterly profit and revenue on Tuesday, as new artificial-intelligence features helped attract customers to its Azure …
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By Alan Charlish WARSAW (Reuters) – Ryanair will take as many Boeing MAX 10 aircraft as it can get, the airline’s CEO told Reuters on Tuesday, reiterating his confidence in …
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Robert Half expects weak quarterly revenue on sluggish hiring activity, shares slip
by Reutersby Reuters(Reuters) – Recruitment services firm Robert Half forecast first-quarter revenue slightly below Wall Street estimates on Tuesday, hit by sluggish hiring activity. Shares of the Menlo Park, California-based company fell …
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Cadbury-parent Mondelez Q4 sales jump, volume drop weighs on shares
by Reutersby ReutersBy Savyata Mishra (Reuters) -Mondelez International posted a rise in fourth-quarter sales on Tuesday, but price hikes took a toll on volumes as it squeezed demand for the Cadbury parent’s …
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(Reuters) – The U.S. Securities and Exchange Commission has rescheduled a Wednesday public meeting at which officials were due to vote on proposed new rules requiring more traders in U.S. …
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By David Shepardson and Joseph White DETROIT (Reuters) -General Motors said Tuesday it is cutting spending by about $1 billion on troubled robotaxi unit Cruise in 2024, but said it …
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GENEVA (Reuters) – Major donors to the U.N. Palestinian refugee agency (UNRWA) have suspended funding after allegations emerged that around 12 of its tens of thousands of Palestinian employees were …
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Belgian farmers block roads to Zeebrugge port as French protests spill over
by Reutersby ReutersBRUSSELS (Reuters) -Belgian farmers angry about rising costs, EU environmental policies and cheap food imports plan blocked access roads to the Zeebrugge container port on Tuesday. Farmers organising the protest …
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UPS to cut 12,000 jobs, explore options for Coyote business
by Reutersby ReutersBy Lisa Baertlein and Ananta Agarwal (Reuters) -United Parcel Service plans to cut 12,000 jobs and explore strategic options for Coyote, its volatile trucking brokerage business, after the world’s largest …
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(Reuters) – A judge on Tuesday invalidated Elon Musk’s record $56 billion pay package from Tesla, which was approved by the company’s shareholders in 2018. Tesla estimated in 2018 that …
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Electronic Arts misses quarterly bookings estimates on lower consumer spending
by Reutersby ReutersBy Zaheer Kachwala (Reuters) -Electronic Arts missed estimates for quarterly bookings on Tuesday, as lower spending and stiff competition hurt demand for its gaming titles. Shares of the company fell …
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CapitaLand, AIA Life Insurance form $333 million JV for Beijing office building
by Reutersby Reuters(Reuters) -Singapore’s CapitaLand Investment said on Wednesday it will form a S$447 million ($333.78 million) joint venture with AIA Life Insurance to recapitalise its Capital Square Beijing office building in …
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By Svea Herbst-Bayliss (Reuters) – Billionaire investor Kenneth Griffin, who has donated more than half a billion dollars to Harvard University, has halted his giving to the school over how …
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Exclusive-Hotelier Robert Bigelow gives Trump $1 million for legal fees
by Reutersby ReutersBy Alexandra Ulmer (Reuters) -Hotelier Robert Bigelow told Reuters on Tuesday he gave Republican presidential candidate Donald Trump $1 million for his legal fees and agreed to donate another $20 …
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EU trade chief to press on with US battery minerals talks despite differences
by Reutersby ReutersBy David Lawder WASHINGTON (Reuters) – The U.S. and European Union failed on Tuesday to reach a trade deal for critical battery minerals but are vowing to press ahead with …
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NYC Council overrides mayor’s vetoes of solitary confinement ban, policing bill
by Reutersby ReutersBy Jonathan Allen NEW YORK (Reuters) -The New York City Council voted on Tuesday to override Mayor Eric Adams’ vetoes of two bills it passed last month, one banning solitary …
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Judge who slashed Elon Musk’s pay package known for being tough on Wall Street
by Reutersby ReutersBy Tom Hals WILMINGTON, Delaware (Reuters) – The Delaware judge who rescinded Elon Musk’s record $56 billion compensation from Tesla on Tuesday has a reputation for her calm demeanor and …
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(Reuters) – Exchange operator Nasdaq is planning to cut hundreds of jobs as it integrates fintech firm Adenza into its business and may reallocate others in a bid to minimize …
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Insurer Chubb’s Q4 profit surges on stronger underwriting, investment returns
by Reutersby Reuters(Reuters) – Chubb Limited reported a surge in fourth-quarter adjusted profit on Tuesday, helped by stronger underwriting and investment incomes, sending U.S.-listed shares of the insurer up 2.8% in after-market …
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(Reuters) -Walmart said on Tuesday it will carry out a stock split of its outstanding shares at a ratio of 3:1, as part of its ongoing review of optimal trading …
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By Hannah Lang and Manya Saini (Reuters) -Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce, this year, a letter from CEO …
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By Jody Godoy and Tom Hals (Reuters) – A Delaware judge on Tuesday invalidated Elon Musk’s $56 billion pay package for his work as Tesla’s chief executive, siding with a …
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By Nicole Jao NEW YORK (Reuters) -Oil prices rose on Tuesday as a higher global economic growth forecast and escalating tensions in the Middle East offset concerns around Chinese demand. …
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By David Shepardson WASHINGTON (Reuters) – U.S. President Joe Biden will travel to Michigan on Thursday to meet with United Auto Workers members at an event at a Detroit-area union …