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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...
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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...
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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...
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EBay beats earnings estimates on strong U.S. holiday spending The eBay app is seen on a smartphone in this
  • Business

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
  • Business

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
  • Business

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...
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JetBlue, Spirit urge US appeals court to allow merger to go forward FILE PHOTO: Illustration shows Spirit Airlines and jetBlue Airways logos
  • Business

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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