Analysis-Walmart tears up China online strategy with JD.com stake sale
By Siddharth Cavale NEW YORK (Reuters) – Walmart’s stake in Chinese e-commerce firm JD.com was once central to its China…
August 2024
Target raises 2024 profit forecast as price cuts draw shoppers
By Ananya Mariam Rajesh, Siddharth Cavale (Reuters) -Target raised its full-year profit forecast on Wednesday and reported its first increase…
S&P 500 to end 2024 near current level, suggests AI rally fizzling out
By Noel Randewich (Reuters) – The S&P 500 will trade near current record levels at year-end, according to a Reuters…
Stellantis delays investment plans for Illinois
By David Shepardson and Abhijith Ganapavaram (Reuters) – Stellantis said on Tuesday its planned investments at Belvidere, Illinois, will be…
OpenAI signs content deal with Condé Nast
(Reuters) -Sam Altman-led OpenAI on Tuesday announced a multi-year partnership with Condé Nast to display content from its brands such…
Energix signs long-term solar power deal with Google
(Reuters) – Energix Renewables said on Tuesday it has signed a long term agreement with Alphabet’s Google to supply electricity…
Lendlease reports $1 billion loss amid strategy shift, regulatory delays
By Rishav Chatterjee (Reuters) -Australia’s Lendlease on Monday reported a wider annual loss as the real estate developer grappled with…
AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
By Max A. Cherney (Reuters) -AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion…
Southwest digs in for boardroom battle with Elliott
By Rajesh Kumar Singh and Allison Lampert CHICAGO (Reuters) – Southwest Airlines is girding itself for a fight with Elliott…
Hedge funds sell planes, trains, automobiles; buy energy stocks, says Goldman
By Nell Mackenzie LONDON (Reuters) – Hedge funds sold industrial stocks at the fastest pace since December, while buying energy…