(Reuters) -Block reported a rise in second-quarter income and raised its expectations for annual gross profit on Thursday, as the…
Category: Business
Citigroup hires JPMorgan’s Baygual as co-head of M&A, memo shows
(Reuters) -Citigroup has appointed JPMorgan Chase’s Guillermo Baygual as co-head of mergers and acquisitions, according to an internal memo seen…
Brazil auto exports to jump driven by Argentina; tariffs affect local sales
By Alberto Alerigi SAO PAULO (Reuters) -Brazil’s auto exports are set to grow much more than previously expected in 2025,…
Wells Fargo downgrades US small-cap equities to ‘unfavourable’
(Reuters) -Wells Fargo Investment Institute on Tuesday downgraded U.S. small-cap equities to “unfavorable” from “neutral”, pointing to its heavy tariff…
OpenAI releases open-weight reasoning models optimized for running on laptops
By Anna Tong and Greg Bensinger SAN FRANCISCO (Reuters) -OpenAI said on Tuesday it has released two open-weight language models…
Lyft, China’s Baidu to launch robotaxi service in Europe next year
By Akash Sriram (Reuters) -U.S. ride-hailing company Lyft said on Monday it will partner with China’s Baidu to deploy robotaxis…
Palantir raises annual revenue forecast again on surging AI demand
By Arsheeya Bajwa (Reuters) -Palantir Technologies on Monday raised its annual revenue forecast for the second time this year, expecting…
Kraft Heinz sauces boost quarterly results as home-cooking rises
By Juveria Tabassum (Reuters) -Kraft Heinz beat estimates for quarterly results on Wednesday, helped by resilient demand for its pantry…
Whirlpool shares slump,; co slashes forecast and dividend
(Reuters) -Whirlpool’s shares tumbled 12% on Tuesday after the home appliances maker slashed its full-year earnings forecast and dividend, blaming pressure…
Scale AI competitor Micro1 raising funds at $500 million valuation, sources say
By Anna Tong SAN FRANCISCO (Reuters) -Scale AI competitor Micro1 is finalizing a Series A round valuing the startup at…