By Allison Lampert and Rajesh Kumar Singh (Reuters) -A plan by JetBlue Airways to sign a domestic partnership with another airline faces opposition from its pilot union, which has warned the move could “fundamentally reshape” the U.S. carrier and impact the future of its workers. The head of JetBlue’s pilot union told members on Wednesday…
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….
By Rachael Levy, Abhirup Roy, Isla Binnie (Reuters) -Tesla’s board on Thursday rushed to defend its chief executive, Elon Musk, assuring he had the board’s confidence amid rising investor worries about his prolonged absences, polarizing politics and the EV maker’s plunging sales and profit. The board reacted after a Wall Street Journal report that it…
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(Reuters) -Microsoft topped quarterly revenue expectations on Wednesday on strong Azure cloud-computing growth, reassuring investors that its hefty AI investments were paying off and sending shares in the company more than 6% higher in after-hours trading. The results are likely to ease concerns about a potential slowdown in AI demand, after some analysts pointed to…
(Reuters) -Retail trading platform Robinhood’s first-quarter profit more than doubled and beat analysts’ estimates, driven by a surge in trading volumes from clients looking to hedge their positions amid choppy markets. The company’s transaction-based revenue, or income generated from fees for facilitating trading in options, cryptocurrency and equities, jumped 77% in the quarter. Majority of…
By Laila Kearney NEW YORK (Reuters) -Google will fund the training of tens of thousands of new U.S. electricians, the company told Reuters on Wednesday, as Big Tech wades deeper into the country’s power industry on its hunt for the massive amounts of electricity needed for its AI expansion. A lack of access to power…
(Reuters) – E-commerce firm eBay said on Wednesday that its Chief Financial Officer Steve Priest will step down in May and will be replaced by Peggy Alford, who was a vice president at PayPal. EBay beat market expectations for quarterly revenue and also forecast second-quarter revenue above estimates, bolstered by stable demand for products such…
ZURICH (Reuters) -Computer mouse and keyboards maker Logitech International on Tuesday reported weaker-than-expected fourth-quarter earnings. Logitech said its non-GAAP operating profit fell to $133 million in the three months to the end of March, missing analysts’ estimate of $134 million. The company’s figures were not affected by U.S. President Donald Trump’s hike in trade tariffs,…
