Stock Focus Report

Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed

• Business

Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed

Stock Focus Report March 22, 2024

By Mike Scarcella (Reuters) – The U.S. government’s antitrust lawsuit against Apple draws on the watershed 1998...

Read More Read more about Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed

FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%

• Business

FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%

Stock Focus Report March 21, 2024

By Lisa Baertlein and Aishwarya Jain (Reuters) -FedEx narrowed its fiscal 2024 profit forecast on Thursday, raising...

Read More Read more about FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%

Reddit shares end trading up 48% in market debut

• Business

Reddit shares end trading up 48% in market debut

Stock Focus Report March 21, 2024

By Niket Nishant and Echo Wang (Reuters) – Social media platform Reddit’s shares ended their first day...

Read More Read more about Reddit shares end trading up 48% in market debut

Senator Warren urges SEC to investigate Tesla over board independence

• Business

Senator Warren urges SEC to investigate Tesla over board independence

Stock Focus Report March 21, 2024

(Reuters) -U.S. Senator Elizabeth Warren in a letter on Thursday urged the Securities and Exchange Commission to...

Read More Read more about Senator Warren urges SEC to investigate Tesla over board independence

Micron hits record high as AI demand powers strong forecast

• Business

Micron hits record high as AI demand powers strong forecast

Stock Focus Report March 21, 2024

By Medha Singh and Aditya Soni (Reuters) – Memory chipmaker Micron Technology surged to a record high...

Read More Read more about Micron hits record high as AI demand powers strong forecast

Reddit prices IPO at top of indicated range to raise $748 million

• Business

Reddit prices IPO at top of indicated range to raise $748 million

Stock Focus Report March 21, 2024

By Echo Wang and Anirban Sen (Reuters) -Social media platform Reddit priced its initial public offering at...

Read More Read more about Reddit prices IPO at top of indicated range to raise $748 million

Chipmaker Micron’s shares surge as AI boom drives strong forecast

• Business

Chipmaker Micron’s shares surge as AI boom drives strong forecast

Stock Focus Report March 20, 2024

By Arsheeya Bajwa and Harshita Mary Varghese (Reuters) -Memory chip maker Micron Technology tapped a surge in...

Read More Read more about Chipmaker Micron’s shares surge as AI boom drives strong forecast

Shell sells stake in SouthCoast Wind Energy to Ocean Winds North America

• Business

Shell sells stake in SouthCoast Wind Energy to Ocean Winds North America

Stock Focus Report March 20, 2024

(Reuters) – Energy firm Shell said on Wednesday it had sold its 50% stake in SouthCoast Wind...

Read More Read more about Shell sells stake in SouthCoast Wind Energy to Ocean Winds North America

Biden awards $19.5 billion in grants and loans to Intel to boost US chip output

• Top News

Biden awards $19.5 billion in grants and loans to Intel to boost US chip output

Stock Focus Report March 20, 2024

By Jeff Mason and Alexandra Alper CHANDLER, Arizona (Reuters) -President Joe Biden awarded Intel nearly $20 billion...

Read More Read more about Biden awards $19.5 billion in grants and loans to Intel to boost US chip output

Nordstrom, Macy’s deals could put private ownership back in vogue for US retailers

• Business

Nordstrom, Macy’s deals could put private ownership back in vogue for US retailers

Stock Focus Report March 20, 2024

By Katherine Masters and Abigail Summerville NEW YORK (Reuters) -America’s biggest publicly traded department store chains could...

Read More Read more about Nordstrom, Macy’s deals could put private ownership back in vogue for US retailers