(Reuters) – Oracle CEO Safra Catz said that the company’s large sales backlog will help drive 15% growth in its…
Month: March 2025
Hedge funds cut risk in stocks at largest amount in two years, Goldman Sachs says
NEW YORK (Reuters) -Hedge funds reduced their exposure to stocks on Friday at the largest amount in more than two…
Delta Airlines cuts first-quarter forecast on economic uncertainty
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Monday slashed its profit estimates for the current quarter through…
Wells Fargo sues JPMorgan over troubled $481 million real estate loan
By Jonathan Stempel NEW YORK (Reuters) -Wells Fargo sued JPMorgan Chase on Monday to recover losses for investors in a…
US foreign aid orgs say they are owed more than $671 million by Monday deadline
By Brendan Pierson U.S. foreign aid organizations suing President Donald Trump’s administration over its freeze of nearly all foreign aid…
Elon Musk’s xAI buys new property in Memphis amid supercomputer expansion
(Reuters) – Elon Musk-owned artificial intelligence firm xAI has bought a 1-million-square-foot property in Southwest Memphis, Tennessee, the Greater Memphis…
Robinhood paying $29.75 million to end US regulator’s probes
By Jonathan Stempel (Reuters) -Robinhood Markets, the online trading platform, agreed to pay $29.75 million to resolve several Financial Industry…
Boeing ties employee incentive plan to company-wide performance
SEATTLE (Reuters) – Annual bonuses for more than 100,000 Boeing employees this year will be tied to company-wide performance, rather…
Broadcom forecasts strong second quarter on upbeat AI chip demand
By Zaheer Kachwala (Reuters) – Broadcom forecast second-quarter revenue above Wall Street expectations on strong demand for its custom artificial…
Marvell’s shares end worst day in 24 years as tepid revenue forecast reignites AI spending fears
By Arsheeya Bajwa (Reuters) -Marvell Technology’s shares closed down 19.8%, marking their worst day in more than two decades and…