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US Postal Service seeks to save $30 billion over 10 years with delivery, other changes 2024-08-22T203335Z_2_LYNXMPEK7L0QL_RTROPTP_4_CHRISTMAS-SEASON-LOS-ANGELES-POSTAL
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US Postal Service seeks to save $30 billion over 10 years with delivery, other changes

Stock Focus Report August 22, 2024
WASHINGTON (Reuters) – The U.S. Postal Service said on Thursday it is aiming to implement changes that...
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Ross Stores lifts profit view, Q2 results beat estimates on steady demand 2024-08-22T203018Z_1_LYNXMPEK7L0R3_RTROPTP_4_USA-BUSINESS
  • Business

Ross Stores lifts profit view, Q2 results beat estimates on steady demand

Stock Focus Report August 22, 2024
(Reuters) – Ross Stores on Thursday raised its fiscal 2024 profit forecast and posted second-quarter results above...
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Microsoft cuts first-quarter forecast for intelligent cloud revenue
  • Business

Microsoft cuts first-quarter forecast for intelligent cloud revenue

Stock Focus Report August 21, 2024
(Reuters) -Microsoft on Wednesday cut its first-quarter intelligent cloud forecast, the technology giant said in an investor...
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Zoom raises annual revenue forecast on strong demand for its AI-powered products
  • Business

Zoom raises annual revenue forecast on strong demand for its AI-powered products

Stock Focus Report August 21, 2024
(Reuters) -Zoom Video Communications raised its annual revenue forecast on Wednesday, driven by strong demand for its...
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Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes
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Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes

Stock Focus Report August 21, 2024
By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced on Wednesday amid range-bound trading after investors parsed...
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Exclusive-India flags cricket rights concerns with Disney-Reliance $8.5 billion merger
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Exclusive-India flags cricket rights concerns with Disney-Reliance $8.5 billion merger

Stock Focus Report August 20, 2024
By Aditya Kalra NEW DELHI (Reuters) -India’s antitrust body has reached an initial assessment that the $8.5...
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OpenAI signs content deal with Condé Nast
  • Business

OpenAI signs content deal with Condé Nast

Stock Focus Report August 20, 2024
(Reuters) -Sam Altman-led OpenAI on Tuesday announced a multi-year partnership with Condé Nast to display content from...
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Energix signs long-term solar power deal with Google
  • Business

Energix signs long-term solar power deal with Google

Stock Focus Report August 20, 2024
(Reuters) – Energix Renewables said on Tuesday it has signed a long term agreement with Alphabet’s Google...
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S&P 500 to end 2024 near current level, suggests AI rally fizzling out
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S&P 500 to end 2024 near current level, suggests AI rally fizzling out

Stock Focus Report August 20, 2024
By Noel Randewich (Reuters) – The S&P 500 will trade near current record levels at year-end, according...
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GM lays off over 1,000 salaried software, services employees
  • Business

GM lays off over 1,000 salaried software, services employees

Stock Focus Report August 19, 2024
By David Shepardson (Reuters) -General Motors said Monday it is laying off more than 1,000 salaried employees...
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