Macro hedge funds to dump $45 billion in equities, says Morgan Stanley
By Carolina Mandl NEW YORK (Reuters) – Computer-driven macro hedge fund strategies on Wednesday sold $20 billion in equities and are set to shed at
IBM beats quarterly revenue estimates on software strength, AI demand
By Arsheeya Bajwa (Reuters) -IBM beat analysts’ estimates for second-quarter revenue on Wednesday, riding on strong demand for its software and higher AI-linked spending by
Newmont beats profit estimates on higher gold production
(Reuters) -Newmont Corp beat Wall Street expectations for second-quarter profit on Wednesday, as the world’s biggest gold miner benefited from robust production and easing costs.
Chipotle beats sales estimates on strong burrito demand; shares soar
(Reuters) -Chipotle Mexican Grill surpassed market estimates for quarterly sales on Wednesday as demand for its rice bowls and burritos held up even as prices
Tesla’s bleak margins sour investors as Musk hypes everything but cars
By Deborah Mary Sophia and Reshma Rockie George (Reuters) -Tesla shares sank more than 11% on Wednesday as its shrinking auto-sales margins disappointed investors after
Philip Morris lifts annual profit forecast on nicotine pouch demand
(Reuters) – Philip Morris International raised its annual adjusted profit forecast on Tuesday, owing to steady demand for its Zyn nicotine pouches and higher prices
Apple likely to release foldable iPhone as early as 2026, the Information reports
(Reuters) – Apple is likely to introduce its foldable iPhone as early as 2026, the Information reported on Tuesday, that could mark the biggest hardware
Visa prevented $40 billion worth of fraudulent transactions in 2023- official
JOHANNESBURG (Reuters) – Visa prevented 80 million fraudulent transactions worth $40 billion globally last year thanks to investments in technology including artificial intelligence (AI), a
Tesla shares could swing 10% either way after earnings, options show
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the options market expect Tesla shares to swing by nearly 10% in either direction by
Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus
By Yuvraj Malik (Reuters) – Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth,