By Juveria Tabassum (Reuters) -Dollar General raised its annual targets after beating estimates for quarterly profit and same-store sales and said more consumers across income groups came in to shop at its stores amid tariff-related uncertainty and still-high inflation. The forecast lift took the company’s shares up 14% on Tuesday and came in sharp contrast…
By Arsheeya Bajwa (Reuters) -Palantir Technologies has succeeded where most tech stocks have struggled this year: staying hot in a cooling market. The company’s military-grade AI tools along with its deep defense ties and high-level government connections at a time when the U.S. is boosting spending on defense software have helped investors raise the bets…
(Reuters) -JPMorgan Chase has given Marianne Lake, widely seen as a potential successor to CEO Jamie Dimon, the additional responsibility of managing its overseas consumer banking arm and strategic growth office, according to an internal memo on Tuesday. The change comes as incumbent Sanoke Viswanathan resigned as the CEO of JPMorgan’s international consumer and wealth…
(Reuters) -Rivian Automotive is working with JPMorgan Chase on a potential high-yield bond sale, in part to refinance its upcoming debt, Bloomberg News reported on Friday, citing people familiar with the transaction. The EV maker is looking to raise as much as $2 billion, partly to replace existing bonds that mature in 2026, the report…
By Tatiana Bautzer NEW YORK (Reuters) -Goldman Sachs President John Waldron said on Thursday that the outlook for investment banking remains “quite good.” The bank’s pipeline for deals worldwide is strong despite uncertainty over timing as U.S. tariff policies roil markets and stall activity, he told investors at a conference. “Our investment banking business is…
By Jaspreet Singh (Reuters) -The New York Times is allowing Amazon.com to use its editorial content for artificial intelligence products such as Alexa, marking the publisher’s first licensing deal tied to generative AI. The multi-year agreement lets Amazon use news articles from The Times and content from NYT Cooking and sports website The Athletic, the…
(Reuters) -GE Aerospace’s CEO said on Wednesday he is seeing supply chain improvements that will support an expected 15% to 20% increase in deliveries this year of jet engines used on popular narrowbody aircraft, after snags challenged deliveries in 2024. CEO Larry Culp also told the Bernstein Strategic Decisions conference that the engine maker pledged…
By Tim Hepher PARIS (Reuters) -Airbus is warning airlines that delays in deliveries will persist for another three years as it works through a backlog of supply-chain problems, industry sources said. The cautious tone on deliveries was reinforced at a recent customer gathering in Toulouse and increases pressure on Airbus to demonstrate progress towards a…
(Reuters) -Shein is working towards a listing in Hong Kong, as Chinese regulators did not approve the online fast-fashion retailer’s proposed IPO in London, according to three sources with knowledge of the matter. Here’s a timeline of the Singapore-headquarted company’s attempts to go public and the various setbacks it has encountered. Shein had moved its…
By Arsheeya Bajwa (Reuters) – Nvidia investors will look for definitive answers on how much U.S. chip curbs on China will cost the company when it reports results on Wednesday, even as a pullback in other regulations is expected to open up new markets. In a fresh effort to stymie Beijing’s access to cutting-edge technology,…
