(Reuters) – Meta Platforms plans to debut a standalone Meta AI app to join Facebook and Instagram during the second quarter, CNBC reported on Thursday, citing people familiar with the matter. The move marks a major step in Meta CEO Mark Zuckerberg’s plans to make Meta the leader in AI by the end of the…
By Allison Lampert and Tim Hepher (Reuters) – Boeing and other top aerospace firms are scouring their supply chains to determine their exposure to a major fire last week at a Philadelphia-area parts factory that has set off alarm bells across the industry, people familiar with the matter said. The days-long fire at SPS Technologies’…
WASHINGTON (Reuters) – British Prime Minister Keir Starmer said on Thursday that he would work with U.S. President Donald Trump on a new economic deal with advanced technology such as artificial intelligence at its core. “Instead of over regulating these new technologies, we’re seizing the opportunities that they offer. So we’ve decided today to go…
(Reuters) – Beyond Meat forecast annual revenue below estimates on Wednesday, as the faux meat products maker faces persistent demand weakness amid sticky inflation. Beyond Meat has been losing steam it garnered a couple of years ago as consumers began shifting to fresh and lower-priced animal meat alternatives over its processed vegan meat. Its total…
(Reuters) – E-commerce firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector’s items and refurbished goods, sending its shares down 7% in extended trading. High interest rates and persistent inflation have hampered U.S. consumer spending for two years, leading to sluggish demand for non-essential items…
(Reuters) -Paramount Global fell short of Wall Street’s fourth-quarter revenue expectations on Wednesday as a continued decline in its cable TV unit clouded higher-than-expected subscriber growth for its Paramount+ streaming platform. Shares of the company fell 1.5% in extended trading. Media giants are reshaping their business strategies in response to the continued erosion of cable…
By Max A. Cherney and Arsheeya Bajwa (Reuters) -Nvidia forecast first-quarter revenue above Wall Street estimates on Wednesday, signaling strong demand for its market-leading artificial intelligence chips and said demand for its new Blackwell semiconductors was “amazing.” The company’s outlook for gross margin in the current quarter was slightly lower than expected, though, as the…
By Mike Scarcella (Reuters) – A leading attorney for billionaire Tesla CEO Elon Musk and embattled New York Mayor Eric Adams now has a standard billing rate of $3,000 an hour, placing him on the top shelf among even the priciest of Manhattan lawyers. Alex Spiro, known for his high-profile clientele and relentless litigation style,…
WASHINGTON – U.S. President Donald Trump’s approval rating held steady over the past week, according to a Reuters/Ipsos poll released on Tuesday that found 44% of respondents approved of his performance over his first month in office. The survey found that Americans’ attitudes toward Trump were essentially unchanged as he fired tens of thousands of…
By Jonathan Stempel (Reuters) – A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers. U.S. Magistrate Judge Laurel Beeler in San Francisco said three U.S. citizens who accused Meta of refusing…
