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Recent Posts

  • Superior Industries downgraded to ’CC’ at S&P amid potential debt restructuring
    May 13, 2025
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  • November 14, 2024

CoreWeave closes $650 million secondary share sale at $23 billion valuation

By Arsheeya Bajwa and Krystal Hu (Reuters) -AI cloud platform operator CoreWeave said on Wednesday it closed a $650 million secondary share sale to investors, a deal that a source...

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  • November 14, 2024

Asia's airlines blame supply chain woes for disrupted operations

By Lisa Barrington BANDAR SERI BEGAWAN, Brunei (Reuters) - Asia-Pacific travel demand has recovered from the pandemic, but earnings at the region's airlines are under pressure...

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  • November 14, 2024

Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact

By Sinéad Carew and Purvi Agarwal (Reuters) -The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices...

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  • November 14, 2024

UK consumer group takes on Apple over iCloud service

LONDON (Reuters) - British consumer group Which? will launch legal action against Apple (NASDAQ:AAPL) on Thursday, alleging the tech giant breached competition law by effectively...

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  • November 13, 2024

US regulators warn bankers about intensified focus on financial crime

By Nupur Anand NEW YORK (Reuters) - U.S. regulators warned bankers on Wednesday that the government will continue to beef up efforts to fight money laundering and enforce...

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  • November 13, 2024

Cisco beats earnings expectations as AI spurs networking gear demand

(Reuters) -Cisco Systems forecast quarterly revenue and profit above Wall Street estimates after posting upbeat first-quarter results, helped by improving demand for its...

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  • November 13, 2024

B. Riley delays Q3 report, warns of loss from Franchise bankruptcy

(Reuters) - B. Riley Financial on Wednesday warned of a third-quarter loss and said it would delay its earnings report due to hold-ups in finalizing the valuations of some loans...

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  • November 13, 2024

Nelson Peltz says new Disney chairman Gorman will find a 'respectable CEO'

By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund manager Nelson Peltz, who lost a bruising boardroom challenge at Walt Disney (NYSE:DIS) this year, is confident the...

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  • November 13, 2024

Lender Banco do Brasil posts 8% profit increase, higher loan-loss outlook

By Andre Romani SAO PAULO (Reuters) - Brazilian state-run lender Banco do Brasil posted on Wednesday an 8.3% increase in its third-quarter adjusted net profit from a year earlier,...

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  • November 13, 2024

California's only nuclear plant to use AI to help comply with new licensing challenges

By Stephen Nellis (Reuters) - California's only remaining nuclear power plant plans to use artificial intelligence tools to help it comply with new licensing requirements to keep...

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