By Samrhitha A (Reuters) – Cisco Systems fell more than 3% on Thursday after the networking equipment maker reduced its annual revenue forecast and rolled out job cuts as it battles sluggish dem[...]
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Biogen sees flat 2024 sales, pick up in Alzheimer’s drug demand
By Manas Mishra and Sriparna Roy (Reuters) -Biogen on Tuesday forecast flat 2024 product revenue as top-selling drugs face tough competition and sales of newer treatments take off slowly, but said the[...]
Read moreModerna shares slide on concerns over drop in RSV vaccine efficacy (Feb 9)
(This Feb. 9 story has been corrected to say efficacy of Pfizer’s shot fell from 89% to 79% in the mid-season two, not to 49% from 67% in 17 months, in paragraph 5) (Reuters) – Moderna fel[...]
Read moreFed’s Barkin: Need more time before supporting rate cuts
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Richmond President Thomas Barkin said Thursday the central bank has time to decide what’s next for monetary policy while it waits for fu[...]
Read moreNFL-Vegas Spectacle Launches Super Bowl Week, With Taylor Swift’s Name on Everyone’s Lips
By Ossian Shine LAS VEGAS (Reuters) -Super Bowl week opened on Monday night with a sensory-overload spectacle at the Las Vegas Allegiant Stadium, and a sprinkling of Taylor Swift. Bellowing announcers[...]
Read moreFactbox-What to Expect in 2024: Fed Pivot, Cooling Inflation, Easing Growth
(Reuters) -Global growth will likely slow this year, but a dovish tilt in the Federal Reserve’s stance has raised hopes for the U.S. economy and brightened the outlook for riskier assets, accord[...]
Read moreByron Allen seeks television assets in Paramount bid – sources
By Dawn Chmielewski (Reuters) – Media mogul Byron Allen is focused on acquiring Paramount Global’s television networks and stations, people familiar with the matter said on Wednesday, as p[...]
Read moreDollar rebounds as Fed’s Powell sees March rate cut as unlikely
By Karen Brettell NEW YORK (Reuters) – The dollar gained on the euro and pared losses against the yen on Wednesday after Federal Reserve Chair Jerome Powell said that a rate cut in March was not[...]
Read moreGM Shares Jump as CEO Barra Promises Shareholders More Cash
By Joseph White DETROIT (Reuters) -General Motors shares jumped Tuesday after the company gave investors an upbeat outlook for 2024 and signaled more capital will be returned to shareholders. “C[...]
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