By Dawn Chmielewski (Reuters) -Walt Disney CEO Bob Iger acknowledged that the entertainment company faces a “challenging environment” in the…
Author: Active Trader Daily
Once worth $47 billion, WeWork shares near zero after bankruptcy warning
By Abhijith Ganapavaram and Shivansh Tiwary (Reuters) -WeWork shares approached zero on Wednesday after the one-time startup darling warned it…
Norfolk Southern agrees to boost safety at Ohio derailment site, US says
By David Shepardson WASHINGTON (Reuters) – Norfolk Southern Corp has agreed to improve conditions for workers rebuilding and cleaning up…
Wall St ends lower after bank rating cuts spark wider sell-off
By David French (Reuters) – All three major Wall Street benchmarks finished lower on Tuesday in a broad sell-off after…
UPS cuts 2023 forecasts, fights to regain business lost during US labor talks
By Lisa Baertlein and Priyamvada C (Reuters) -United Parcel Service cut its full-year revenue and profitability targets on Tuesday as…
Nvidia launches new AI chip configuration
By Max A. Cherney (Reuters) – Nvidia announced a new configuration on Tuesday for its advanced artificial intelligence chips that…
US court blocks Biden debt relief rule benefiting defrauded students
By Nate Raymond (Reuters) -A federal appeals court on Monday blocked the Biden administration from proceeding with another piece of…
Palantir raises revenue target on AI boost, announces share buyback
By Chavi Mehta (Reuters) -Palantir Technologies slightly raised its annual revenue forecast on Monday and said it would buy back…
PayPal launches dollar-backed stablecoin, boosting shares
By Jaiveer Shekhawat and Hannah Lang (Reuters) -Payments giant PayPal said on Monday it has launched a U.S. dollar stablecoin,…
Amazon results could bode well for rival retailers Walmart, Target
By Siddharth Cavale and Ananya Mariam Rajesh NEW YORK (Reuters) – Amazon’s strong quarterly results are one more sign that…