By Ahmed Aboulenein WASHINGTON (Reuters) -The White House wants to reduce U.S. health spending by more than a quarter next year, with the National Institutes of Health and Centers for Disease Control and Prevention facing the brunt of billions of dollars in cuts. President Donald Trump’s administration on Friday proposed a $163 billion cut to…
The Market May Have Reversed Course But… Something strange going on at Mar-a-Lago [adv] The Market May Have Reversed Course But… [sponsor] One special indicator seems to be flashing at the next move to expect from the markets this week. See for yourself. Amazon cloud growth lags, sees quarterly revenue above estimates Amazon reported first-quarter…
(Reuters) -Roku forecast second-quarter revenue below Wall Street estimates on Thursday, as customers pull back spending amid an uncertain market environment, sending shares of the company down 4% in extended trading. Roku, the company whose streaming service saw major success during the pandemic, is now experiencing a slowdown as clients and brands tighten advertising budgets…
(Reuters) -Reddit forecast second-quarter revenue above Wall Street estimates on Thursday, betting on growing digital advertising spend on the social media platform despite uncertainty over marketing budgets, sending its shares up 19% in extended trading. The company is benefiting from its conversation placement ads format, where brands can advertise directly within discussion threads taking place…
By Stephen Nellis and Akash Sriram SAN FRANCISCO (Reuters) -Apple on Thursday reported results that narrowly beat Wall Street expectations as consumers stocked up on iPhones amid fears of potential import taxes on its signature device from President Donald Trump. The Cupertino, California-based company said its sales and profit for the fiscal second quarter ended…
By Deborah Mary Sophia and Greg Bensinger (Reuters) – Amazon.com reported first-quarter growth in its cloud unit that missed analyst estimates on Thursday, sending shares lower, despite forecasting optimistic companywide sales in the current period. Amazon forecast second-quarter sales largely above estimates, a reassuring sign to investors that the e-commerce company would navigate tariff-related uncertainty….
