BlackRock, MSCI face probe for allegedly facilitating China investments – WSJ
(Reuters) – Asset manager BlackRock (NYSE:BLK) and index provider MSCI are being investigated by a congressional committee for allegedly facilitating…
Meta’s Reels revenue narrows in on TikTok, boosted by AI
(Reuters) – Reels, Meta Platforms’ answer to viral short-form video app TikTok, elicited eyerolls when it launched in 2020 and…
Amazon to invest $7.2 billion in Israel, launches AWS cloud region
(Reuters) – Amazon.com (NASDAQ:AMZN) said on Tuesday it is planning to invest about $7.2 billion through 2037 in Israel, and…
Apple, Microsoft remain world’s top 2 companies by market cap
(Reuters) – Tech giants Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) remained the top two global companies by market capitalisation at the…
4 big analyst cuts: Salesforce downgraded ahead of Q2, Estée Lauder cut at Citi
Salesforce cut at Morgan Stanley ahead of Q2 Morgan Stanley downgraded Salesforce (NYSE:CRM) to Equalweight from Overweight with a price…
Mastercard beats profit estimates on spending boost
(Reuters) -Mastercard on Thursday reported a bigger-than-expected rise in second-quarter profit, boosted by resilient spending in a turbulent economy. Unfazed…
Meta rallies as AI-powered ad sales drive ‘monster’ forecast
(Reuters) – Meta shares surged nearly 8% on Thursday as a rosy revenue forecast showed that artificial intelligence was helping…
Cellnex’s first-half loss widens, revenues grow 18.4%
(Reuters) -Spain’s Cellnex posted on Thursday a first-half net loss of 193 million euros ($215 million), 14% wider than a…
Building materials supplier Martin Marietta raises 2023 core earnings forecast
(Reuters) – Martin Marietta Materials (NYSE:MLM) beat quarterly profit estimates and raised its full-year adjusted core earnings forecast on Thursday,…
Sony PlayStation 5 console sales pass 40 million
(Reuters) – Sony (NYSE:SONY) Group Corp has sold more than 40 million PlayStation 5 consoles, its gaming division said on…