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Salesforce sees annual revenue below estimates on weak cloud demand Illustration shows Salesforce logo
  • Business

Salesforce sees annual revenue below estimates on weak cloud demand

Stock Focus Report February 28, 2024
By Zaheer Kachwala (Reuters) -Salesforce expanded its stock buyback program by $10 billion and announced a new...
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Paramount posts surprise profit as streaming gains offset weak ad market Toy figures of people are seen in front of the
  • Business

Paramount posts surprise profit as streaming gains offset weak ad market

Stock Focus Report February 28, 2024
By Samrhitha A (Reuters) -Paramount Global fell short of Wall Street estimates for quarterly revenue on Wednesday...
Read More Read more about Paramount posts surprise profit as streaming gains offset weak ad market
Applied Materials receives new subpoenas on China shipments FILE PHOTO: Illustration shows Applied Materials logo
  • Business

Applied Materials receives new subpoenas on China shipments

Stock Focus Report February 28, 2024
(Reuters) -A federal investigation into semiconductor equipment supplier Applied Materials involving China shipments has widened to other...
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Apple cancels decade-long electric car project, source says FILE PHOTO: The Apple Inc logo hanging at the entrance
  • Business

Apple cancels decade-long electric car project, source says

Stock Focus Report February 28, 2024
By Stephen Nellis and Shivansh Tiwary (Reuters) -Apple has canceled work on its electric car, a source...
Read More Read more about Apple cancels decade-long electric car project, source says
US launches antitrust investigation into UnitedHealth, WSJ reports The corporate logo of the UnitedHealth Group appears on the
  • Economy

US launches antitrust investigation into UnitedHealth, WSJ reports

Stock Focus Report February 27, 2024
(Reuters) -The U.S. Department of Justice has launched an antitrust investigation into UnitedHealth Group, the Wall Street...
Read More Read more about US launches antitrust investigation into UnitedHealth, WSJ reports
EBay beats earnings estimates on strong U.S. holiday spending The eBay app is seen on a smartphone in this
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EBay beats earnings estimates on strong U.S. holiday spending

Stock Focus Report February 27, 2024
(Reuters) -E-commerce platform eBay beat market expectations for quarterly revenue and profit on Tuesday, helped by healthy...
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Hedge funds call time on tech rally, banks say Traders work on the floor of the NYSE in New
  • Business

Hedge funds call time on tech rally, banks say

Stock Focus Report February 27, 2024
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Global hedge funds sold tech stocks at their...
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Zoom beats estimates on strong product demand, announces share buyback Illustration picture of Zoom logo
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Zoom beats estimates on strong product demand, announces share buyback

Stock Focus Report February 26, 2024
By Zaheer Kachwala (Reuters) -Zoom Video Communications on Monday posted better-than-expected quarterly results helped by strong demand...
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Chips firms seek double $28 billion US subsidies available, Commerce Dept says FILE PHOTO: U.S. Secretary of Commerce Raimondo vists China
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Chips firms seek double $28 billion US subsidies available, Commerce Dept says

Stock Focus Report February 26, 2024
By David Shepardson WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo said on Monday most chips companies seeking...
Read More Read more about Chips firms seek double $28 billion US subsidies available, Commerce Dept says
JetBlue, Spirit urge US appeals court to allow merger to go forward FILE PHOTO: Illustration shows Spirit Airlines and jetBlue Airways logos
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JetBlue, Spirit urge US appeals court to allow merger to go forward

Stock Focus Report February 26, 2024
By Nate Raymond BOSTON (Reuters) -JetBlue Airways and Spirit Airlines on Monday urged a U.S. appeals court...
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Wolfspeed Hit Hard by EV Sales Slump and Financial Uncertainty

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