By Kanchana Chakravarty and Arsheeya Bajwa (Reuters) -Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm. The company could lose more than $48 billion in market value if losses hold, as it…
(This story contains strong language in paragraph 17) By Helen Coster, Gram Slattery and Alexandra Ulmer NEW YORK (Reuters) – Donald Trump stared down a bank of cameras inside Trump Tower on Friday and delivered a message fitting for both his legal and political battles: He is ready to fight. A day after a New…
(Reuters) – Proxy advisory firm Glass Lewis said on Saturday it has urged Tesla shareholders to reject a $56 billion pay package for Chief Executive Officer Elon Musk, which if passed would be the largest pay package for a CEO in corporate America. The report cited reasons like the “excessive size” of the pay deal,…
(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 increased, lifting its shares about 15% in extended trading. The California-based chain has been able to buck a larger slowdown in customer traffic within the U.S. restaurant industry, partly because…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Elon Musk is offering factory tours to 15 Tesla shareholders who vote on his $56 billion pay package at the upcoming meeting, the latest effort by the electric vehicle maker to rally votes for the compensation after a court struck it down. The upcoming vote is seen as…
By Lisa Barrington (Reuters) -Flights to and from Beirut airport were cancelled or delayed on Monday as tensions escalated between Israel and armed political group Hezbollah after a strike in the Israeli-occupied Golan Heights killed 12 children and teenagers. Air France said on Monday that due to the security situation at the destination, it will…
By Johann M Cherian and Purvi Agarwal (Reuters) – Wall Street’s main indexes slipped on Friday as investors held back after a rally in the previous session that was sparked by an oversized interest rate cut by the Federal Reserve. The S&P 500 and the Dow hovered near their record highs and were on track…
(Reuters) – Robinhood Markets said on Monday it had bought artificial intelligence-powered investment platform Pluto Capital, adding the trading app to a growing list of companies looking to offer AI tools to customers. Top technology companies are racing to build AI into their products and services. Generative AI, which aims to create human-like interactions by…
WASHINGTON (Reuters) -NATO has placed an order for Stinger anti-aircraft missiles worth almost $700 million in the name of several member states, the alliance’s Secretary-General Jens Stoltenberg said on Tuesday. “Just today, the (NATO procurement agency) NSPA signed a new multinational contract for Stinger missiles worth almost $700 million,” he told a gathering of defence…
(Reuters) – Palo Alto Networks forecast fourth-quarter billings above Wall Street estimates on Monday, a sign that clients are turning to the cybersecurity firm for its integrated software security tools. The company expects fourth-quarter billings to be between $3.43 billion and $3.48 billion, the mid point of which is slightly above analysts’ average estimate of…
