General Motors restructures business unit to compete with Ford Pro
Detroit automaker, General Motors (NYSE:GM), at its annual Fleet Solutions Summit, revealed that the company is consolidating its North American…
Peloton recalls two million exercise bikes over seat issue
(Reuters) – Peloton Interactive Inc has recalled two million exercise bikes citing the possibility of the seat post breaking during…
Italy wrestles with antitrust loophole that could save Amazon a packet
(Reuters) – Italy’s competition watchdog AGCM is trying to close a legal loophole that has allowed several companies to evade…
Disney shares fall on jitters over streaming subscriber losses
(Reuters) – Walt Disney (NYSE:DIS) Co shares fell 5% on Thursday as a surprise drop in streaming subscribers fanned worries that the…
Tapestry lifts profit view on higher prices, Coach bag demand
(Reuters) – Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong demand for its…
Norway government ups spending by $5.3 billion due to inflation, Ukraine aid
(Reuters) – Norway’s centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion)…
Bank of England raises rates to 4.5% and sees slow inflation fall
(Reuters) – The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5%…
Sonos stock tumbles 25% after cutting FY outlook; brokers remain positive
Sonos (NASDAQ:SONO) shares fell 25% Thursday after the company lowered its outlook for the second half of the year. Although…
NVIDIA Q1 preview: expect in-line revenue and higher gross margins, company is “best-in-class AI play”
Rosenblatt Securities analysts reiterated their Buy rating and $320 Price Target on NVIDIA (NASDAQ:NVDA) ahead of the company’s upcoming quarterly…
PacWest says has $15 billion of immediately available liquidity
(Reuters) – PacWest Bancorp has $15 billion of immediately available liquidity and enough resources to fund its cash flow needs…