By Douglas Gillison and Chris Prentice (Reuters) -Presidential adviser Elon Musk’s Department of Government Efficiency (DOGE) is expanding its presence…
US equity funds see outflows for third straight week
(Reuters) -U.S. equity funds witnessed outflows for a third straight week through April 30, driven by worries over the impact…
Reddit’s strong revenue forecast signals advertising strength, shares surge 19%
(Reuters) -Reddit forecast second-quarter revenue above Wall Street estimates on Thursday, betting on growing digital advertising spend on the social…
Apple estimates tariffs will add $900 million to costs in June quarter
By Stephen Nellis, Akash Sriram SAN FRANCISCO (Reuters) -Apple on Thursday estimated tariffs will add about $900 million in costs…
Amazon cloud revenue, income forecast disappoint, shares slide
By Deborah Mary Sophia and Greg Bensinger (Reuters) -Amazon.com on Thursday reported first-quarter cloud revenue growth and forecast operating income…
Microsoft swaps law firms in shareholder case, hiring Trump adversary
By Mike Scarcella and Tom Hals (Reuters) -Microsoft has hired a law firm that is fighting back against the Trump…
Visa partners with AI giants to streamline online shopping
By Niket Nishant (Reuters) -Visa is partnering with tech heavyweights, including Microsoft and OpenAI, to roll out a new platform…
Tesla’s head of battery architecture Vineet Mehta departs, the Information reports
(Reuters) -Tesla’s head of battery architecture, veteran Vineet Mehta, is departing from the company, the Information reported on Wednesday, citing…
Meta, Microsoft reports lift AI-related stocks
(Reuters) -Shares in artificial intelligence and cloud-computing-related companies were rising sharply in late trade on Wednesday after Meta Platforms and…
Amazon to invest $4 billion to expand rural delivery network in US
(Reuters) – Amazon.com said on Wednesday it would spend more than $4 billion to expand its U.S. rural delivery network…