BLR

EBay forecasts fourth-quarter results below estimates on weak consumer spending

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EBay forecasts fourth-quarter results below estimates on weak consumer spending

The eBay app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights Nov 7 (Reuters) – Ebay (EBAY.O) forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday and joined other e-commerce platforms in sounding the alarm on weaker-than-expected consumer spending. San Jose, California-based eBay’s shares … Read more

Singapore’s bank DBS third-quarter net profit rises 18% on-year

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Singapore’s bank DBS third-quarter net profit rises 18% on-year

SINGAPORE, Nov 6 (Reuters) – Singapore’s biggest bank DBS Group (DBSM.SI) reported on Monday a 18% jump in net profit in the third quarter from a year earlier as total income grew on higher interest margin and commercial book non-interest income. DBS, which is also Southeast Asia’s largest lender by assets, said July-September net profit … Read more

Musk’s xAI set to launch first AI model to select group

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Musk’s xAI set to launch first AI model to select group

Tesla and SpaceX’s CEO Elon Musk pauses during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023. Kirsty Wigglesworth/Pool via REUTERS Acquire Licensing Rights Nov 3 (Reuters) – Elon Musk’s artificial intelligence startup xAI will release its first AI model to a select group on Saturday, the billionaire … Read more

India’s Raymond bolsters engineering business in $82-mln deal

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India’s Raymond bolsters engineering business in $82-mln deal

BENGALURU, Nov 3 (Reuters) – India’s Raymond (RYMD.NS) said on Friday it would pay 6.82 billion rupees ($82 million) for a majority stake in an auto parts maker, doubling down on its shift away from its once mainstay textiles business into engineering and real estate. Raymond said it will buy a 59.25% stake in Maini … Read more

PayPal stock surges as pledge to turn “leaner” keeps crypto concerns at bay

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PayPal stock surges as pledge to turn “leaner” keeps crypto concerns at bay

[1/2]A pedestrian walks past the PayPal logo at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights Nov 2 (Reuters) – PayPal Holdings (PYPL.O) added nearly $4 billion to its market value after a pledge to turn “leaner” fired up investors, even as the payments giant disclosed a subpoena … Read more

JPM CEO asks Texas to stop pushing anti-business bond laws – Bloomberg News

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JPM CEO asks Texas to stop pushing anti-business bond laws – Bloomberg News

Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., speaks during the event Chase for Business The Experience – Miami hosted by JP Morgan Chase Bank for small business owners at The Wharf in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing Rights Nov 1 (Reuters) … Read more

Estee Lauder, Canada Goose slash annual targets as China recovery falters

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Estee Lauder, Canada Goose slash annual targets as China recovery falters

[1/2]An Estee Lauder cosmetics counter is seen in Los Angeles, California, U.S., August 19, 2019. REUTERS/Lucy Nicholson/File Photo Acquire Licensing Rights Nov 1 (Reuters) – Estee Lauder (EL.N) and Canada Goose Holdings (GOOS.TO), on Wednesday cut their annual forecasts as the luxury goods companies grapple with weak demand in high-growth market China. Estee’s shares tumbled … Read more

AMD forecasts $2 billion sales of AI chips, helping shares rebound

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AMD forecasts $2 billion sales of AI chips, helping shares rebound

A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 31 (Reuters) – Chip designer Advanced Micro Devices (AMD.O) on Tuesday forecast $2 billion in sales in 2024 from a chip that aims to compete with Nvidia (NVDA.O) … Read more

Western Digital to split flash memory business after Kioxia merger talks stall

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Western Digital to split flash memory business after Kioxia merger talks stall

The logo of Western Digital Corporation is displayed at the company’s headquarters in Tokyo, Japan, May 27, 2019. REUTERS/Yoshiyasu Shida/File Photo Acquire Licensing Rights Oct 30 (Reuters) – Western Digital (WDC.O) said on Monday it would spin off its flash memory business that has been grappling with a supply glut after talks of merging the … Read more

New York Times tech workers to strike over return-to-office rules – Bloomberg News

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New York Times tech workers to strike over return-to-office rules – Bloomberg News

The New York Times building is seen in Manhattan, New York, U.S., August 3, 2020. REUTERS/Shannon Stapleton/File Photo Acquire Licensing Rights Oct 30 (Reuters) – Tech workers at the New York Times (NYT.N) plan to strike for half a day on Monday, accusing the publisher of attempting to unilaterally force them back to the office, … Read more