Dec 11 (Reuters) – Costco Wholesale beat Wall Street estimates for first-quarter revenue on Thursday, on the back of resilient demand from consumers across income groups amid rising economic uncertainty. Surging inflation and a weak job market have been pushing shoppers to trade down and hunt for bargains on everything from essentials such as groceries to…
By Saeed Azhar NEW YORK, Dec 10 (Reuters) – JPMorgan Chase’s most senior external hire yet, Todd Combs from Berkshire Hathaway, is set to turbocharge its $1.5 trillion push into national security. Combs, a long-serving deputy to legendary investor Warren Buffett, joined the nation’s largest bank this week to lead a team that will invest…
Dec 5 (Reuters) – The Magnum Ice Cream Company’s reference price was set at 12.80 euros ($14.89) per share for its stock market debut on Monday, Euronext said in a notice on Friday. Magnum’s long-awaited spinoff from consumer goods conglomerate Unilever was delayed by a month by the U.S. government shutdown and will see the…
Dec 5 (Reuters) – Meta has struck several commercial AI data agreements with news publishers including USA Today, People Inc, CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde, the company said on Friday. The tie-ups will allow the Facebook-parent to provide “real-time” news and updates through its artificial intelligence chatbot by linking…
WASHINGTON, Dec 5 (Reuters) – Apple and Google have sent a new round of cyber threat notifications to users around the world, the companies said this week, announcing their latest effort to insulate customers against surveillance threats. Apple and the Alphabet-owned Google are two of several tech companies that regularly issue warnings to users when…
By Max Hunder HOSHCHA, Ukraine, Dec 4 (Reuters) – While many Ukrainian hospitals are struggling to cope with the endless influx of wounded, a maternity ward in the western town of Hoshcha lies eerily deserted. The hospital in Hoshcha has recorded just 139 births so far this year, down from 164 in 2024, and a…
(Reuters) -HSBC has appointed Steve Hughes as CEO and head of Banking for Australia and New Zealand, effective January 1, 2026, a company spokesperson said on Thursday. Hughes, who joined HSBC in 2015, has led the wholesale banking division for Australia and New Zealand since January 2023. He previously spent more than 20 years at…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given easing interest rates and tax cuts. Bessent told NBC’s “Meet the Press” program that parts of…
(Corrects name of cybersecurity expert cited in paragraph 7) By Raphael Satter WASHINGTON (Reuters) -Salesforce said Thursday it is investigating “unusual activity” involving Gainsight-published applications that may have exposed customer data. In a brief statement published to its status portal, Salesforce said the Gainsight-published applications, which are installed and managed by customers “may have enabled…
By Gregor Stuart Hunter and Rae Wee SINGAPORE (Reuters) -A stubbornly weak yen has Japan on the cusp of intervening in the currency market for the third time in roughly as many years, but analysts say it’s likely to be ineffective and authorities must tread carefully to avoid triggering a fresh selloff. Confounding expectations of…
