Reuters

Electronic Arts shares drop as competition, lower spending hit bookings forecast

• Finance

Electronic Arts shares drop as competition, lower spending hit bookings forecast

Reuters August 2, 2023

(Reuters) -Electronic Arts shares sank more than 7% on Wednesday, a day after the videogame publisher projected...

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AMD shares fall as analysts worry AI chip targets may be ambitious

• Finance

AMD shares fall as analysts worry AI chip targets may be ambitious

Reuters August 2, 2023

(Reuters) – Advanced Micro Devices’s shares fell about 6% on Wednesday as analysts raised concerns that the...

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U.S. housing availability rate slips in second quarter

• Finance

U.S. housing availability rate slips in second quarter

Reuters August 2, 2023

By Safiyah Riddle (Reuters) – U.S. housing vacancy rates edged lower in the second quarter, according to...

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AMD plans AI chip debut by year-end, sees China AI opportunity

• Finance

AMD plans AI chip debut by year-end, sees China AI opportunity

Reuters August 1, 2023

By Max A. Cherney and Chavi Mehta (Reuters) -Advanced Micro Devices on Tuesday forecast a strong finish...

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Starbucks misses quarterly sales estimates, sees lasting China rebound

• Finance

Starbucks misses quarterly sales estimates, sees lasting China rebound

Reuters August 1, 2023

By Deborah Mary Sophia and Kailyn Rhone (Reuters) -Starbucks missed market expectations for quarterly comparable sales on...

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Oil dips on stronger dollar, profit-taking signs after rally

• Finance

Oil dips on stronger dollar, profit-taking signs after rally

Reuters August 1, 2023

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged lower on a stronger dollar and signs of profit-taking...

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Uber shares fall as fears over Lyft’s pricing eclipse first operating profit

• Finance

Uber shares fall as fears over Lyft’s pricing eclipse first operating profit

Reuters August 1, 2023

By Akash Sriram (Reuters) -Uber’s shares fell 6% on Tuesday after the ride-hailing company warned Lyft was...

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Caterpillar’s 2023 margin forecast, upbeat results send shares to record high

• Finance

Caterpillar’s 2023 margin forecast, upbeat results send shares to record high

Reuters August 1, 2023

By Shivansh Tiwary (Reuters) -Caterpillar Inc said on Tuesday that strong demand for heavy machinery from construction...

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Marathon Petroleum profit beats forecasts but slumps 63% on lower refining margins

• Finance

Marathon Petroleum profit beats forecasts but slumps 63% on lower refining margins

Reuters August 1, 2023

By Laura Sanicola and Arshreet Singh (Reuters) – U.S. refiner Marathon Petroleum Corp reported a 63% drop...

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Merck raises 2023 sales forecast as top drugs beat Street estimates

• Finance

Merck raises 2023 sales forecast as top drugs beat Street estimates

Reuters August 1, 2023

By Michael Erman and Leroy Leo (Reuters) -Merck & Co raised its full-year revenue forecast on Tuesday...

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