Tag: Business
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FactSet tops quarterly profit estimates on steady demand for data, analytics services
July 1 : Financial data firm FactSet reported third-quarter profit above Wall Street estimates on Wednesday, buoyed by growth in subscriptions.Geopolitical uncertainty owing to the U.S.-Israeli war with Iran has rattled global markets, boosting demand for FactSet’s data and analytics services as investors man
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Meta to sell excess AI computing capacity via cloud business, Bloomberg News reports
July 1 : Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter.Shares of the company were up more than 6 per cent in premarket trading. Reuters could not independently verify the report.
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U.S. auto industry faces more uncertainty without extension of USMCA trade deal
A major issue for automakers is the deal’s rules of origin, which determine where a product comes from and which goods are eligible for preferential treatment.
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Kroger to buy grocer Giant Eagle in $1.65 billion deal as competition heats up
Kroger said on Wednesday it would buy supermarket chain Giant Eagle in a $1.65 billion deal, as it looks to scale amid intense competition.
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EU says it held ‘constructive’ talks with Apple CEO Cook after Siri AI clash
BRUSSELS, July 1 : European technology chief Henna Virkkunen held “constructive” talks with Apple CEO Tim Cook this week, a European Commission spokesperson said on Wednesday, after the two sides clashed over the roll-out of Siri AI in Europe.EU regulators and Apple traded barbs last month over competition ru
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Yen wallows at 40-year low as dollar rally gets yield boost
LONDON, July 1 : The dollar hit a 40-year high against the yen on Wednesday as a sharp rise in U.S. Treasury yields boosted the currency ahead of U.S. jobs data that could strengthen the case for a Federal Reserve rate hike this month.The dollar rose as high as 162.84 yen, well above levels that…
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Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages
STOCKHOLM, July 1 : A Swedish court said on Wednesday Alphabet’s Google is to pay the equivalent of around 14.3 billion Swedish crowns ($1.5 billion) in antitrust damages to Klarna’s price comparison company PriceRunner. “PriceRunner is considered to have suffered damage as a result of Google having illeg
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Stocks making the biggest moves premarket: Nike, ServiceNow, Constellation Brands & more
These are the stocks posting the largest moves premarket.
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Stocks close out Q2, Nike earnings, egg prices and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Wayve courts automakers with AI driving system that learns like humans
July 1 : Autonomous-driving startup Wayve is riding a tide of investor interest. The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across the technology and automotive sectors, from Nvidia to Mercedes-Benz and Nissan. In June, Wayve
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