By Granth Vanaik (Reuters) -DoorDash Inc raised its annual core profit forecast after beating quarterly revenue expectations on Thursday, benefiting from an increase in orders for food, groceries and[...]
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Airbnb to allow guests to pay in four parts, brings in more price transparency
By Doyinsola Oladipo NEW YORK (Reuters) – Airbnb Inc will allow guests to break their payments into installments and see the nightly price inclusive of fees while browsing as the company expects[...]
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Cummins raises full-year revenue outlook on strong demand for parts
(Reuters) – U.S. truck engine maker Cummins Inc on Tuesday raised its full-year 2023 revenue forecast, on the back of strong demand for parts across its markets. Supply chain issues, which led t[...]
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Factbox-Why are Hollywood writers threatening to strike?
LOS ANGELES (Reuters) – Hollywood writers and the film and television studios are racing to agree to a new contract to replace the one that expires at 11:59 p.m. Pacific time Monday. If they fai[...]
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The road to First Republic Bank’s collapse
(Reuters) – JPMorgan Chase & Co is buying most of First Republic Bank’s assets, which had been seized by United States regulators, in a last-ditch rescue for the strained lender, marki[...]
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Intel climbs as Wall St cheers early signs of recovery
By Aditya Soni and Eva Mathews (Reuters) -Intel Corp shares rose 8% as the once-dominant chipmaker showed signs of a turnaround after ceding market share to rivals and struggling with all-time low mar[...]
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Altria misses quarterly sales estimates on weak cigarette demand
(This story has been corrected to say that quarterly revenue fell 1.2%, not 2.9%, in paragraph 7) (Reuters) – Altria Group Inc missed sales expectations for the first quarter on Thursday, as pri[...]
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Smaller EV prices to come down as EV sales climb, IEA says
By Victoria Waldersee BERLIN (Reuters) – Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars[...]
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Raytheon’s profit rises on China aviation boost
By Mike Stone and Pratyush Thakur WASHINGTON (Reuters) – Raytheon Technologies Corp reported a 4% rise in quarterly adjusted profit on Tuesday, as the aerospace and defense company saw strong Ch[...]
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