Amazon shares tumble on slowing online sales growth
(Reuters) -Shares of Amazon.com fell more than 8% on Friday after the online retailer reported slowing online sales growth in the second quarter and said
Carvana shares surge on robust 2024 core profit forecast
(Reuters) – Shares of Carvana surged nearly 13% in premarket trade a day after the used car retailer forecast annual core profit above Wall Street
Facebook parent Meta sees strong global ad sales while keeping AI costs in check
By Katie Paul, Yuvraj Malik (Reuters) -Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third
Roblox lifts bookings forecast as mature content draws more paying gamers
By Zaheer Kachwala (Reuters) -Roblox raised its annual bookings forecast on Thursday, as user engagement increased on its platform during the summer holidays and more
Moderna cuts 2024 sales forecast, sees low EU vaccine revenue into 2026
By Patrick Wingrove and Leroy Leo (Reuters) -Moderna on Thursday cut its 2024 sales forecast for COVID-19 and respiratory syncytial virus vaccines by up to
Amazon responsible for hazardous products sold by third-party sellers on platform, CPSC says
(Reuters) -Amazon.com is responsible under federal safety law for hazardous products sold by third-party sellers on its platform and bears legal responsibility for their recall,
American Tower raises annual forecast for key profit metric on strong leasing demand
(Reuters) – Real estate investment trust American Tower raised its forecast for annual adjusted funds from operations (AFFO) and beat second-quarter revenue estimates on Tuesday,
Kamala Harris launches $50 million ad blitz in US presidential race
WASHINGTON (Reuters) – Democratic presidential candidate Kamala Harris launched a $50 million advertising blitz on Tuesday, capitalizing on the momentum of a fledgling campaign against
Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit
By Mike Scarcella and Jody Godoy (Reuters) -Meta Platforms has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook
Philips beats Q2 estimates boosted by cost savings, insurance payout
By Stephanie Hamel and Charlotte Eugenie Yvette Bawol (Reuters) -Philips reported second-quarter results that exceeded analysts’ expectations on Monday, boosted by cost savings from job