Business
Disappointing Meta forecast pulls down tech peers in extended trade
By Stephen Culp NEW YORK (Reuters) - Disappointing forecasts from Facebook parent Meta Platforms has proven contagious, sparking a sell-off in tech and tech-related stocks in after-hours trading. Meta said it expects increased spending on AI ...
Court revives Whole Foods worker's lawsuit over 'Black Lives Matter' masks
By Jonathan Stempel and Daniel Wiessner (Reuters) - A U.S. appeals court revived a lawsuit accusing Whole Foods of illegally firing a worker who refused to remove her "Black Lives Matter" facemask and complained about racism at the upscale ...
Morning Bid: Japan's FX no-show, Meta plunges
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. The depreciation of Asian currencies against the U.S. dollar, and the steps monetary authorities may take to prevent further weakness, dominate the market landscape across ...
BHP considering potential buyout offer for Anglo American, Bloomberg reports
(Reuters) -Global mining giant BHP Group is considering a potential buyout of British multinational mining company Anglo American Plc, Bloomberg News reported on Thursday, citing people with knowledge of the matter. Deliberations are at an early ...
Microsoft-backed Rubrik prices IPO above range at $32 per share, source says
By Echo Wang NEW YORK (Reuters) - Rubrik, the cybersecurity software startup that counts Microsoft among its investors, priced its initial public offering at $32 per share on Wednesday above its indicated price range, according to a person ...
O'Reilly Automotive's profit misses on higher costs
(Reuters) - Auto parts distributor O'Reilly Automotive missed analysts' estimates for first-quarter profit on Wednesday, hurt by increased costs, sending its shares down more than 3% after the bell. Investments in store expansion and securing ...
United Rentals profit beats expectations on higher equipment demand
(Reuters) - Equipment rental firm United Rentals beat analysts' estimate for first-quarter profit on Wednesday, backed by robust demand across its markets. Shares of the company, which operates across North America and rents out equipment to ...
Roll Up to Win confusion: Cape Bretoners disappointed after Tim Hortons email mistake
GRAND MIRA SOUTH, N.S. — Paula Cleveland cried when she read the prize recap email from Tim Hortons. The email came before lunch on April 17, the day the Roll Up to Win contest closed, which listed the prizes she won for 2024. The 2024 Tracker Targa ...
Walmart in Mexico posts 14% rise in Q1 net profit
MEXICO CITY (Reuters) - Walmart's Mexico and Central America unit on Wednesday posted a 14.4% year-on-year rise in its first-quarter net profit, reaching 13.18 billion pesos. The retailer's revenues landed at 226.19 billion pesos. (Reporting by ...
Tyler Technologies beats Q1 revenue estimates on strong demand for IT services
(Reuters) - Tyler Technologies beat Wall Street estimates for first-quarter revenue on Wednesday, helped by strong demand for its information technology services as enterprise clients are moving towards digital solutions. The increase in ...