By Arsheeya Bajwa and Stephen Nellis (Reuters) – Arm Holdings forecast first-quarter sales and profit below Wall Street estimates on Wednesday, as global trade tensions threaten revenue from its chip architecture used across the smartphone and data center industries. While Arm’s fourth-quarter revenue slightly beat analysts’ estimates, companies across the board have provided cautious quarterly…
(Reuters) -Super Micro Computer trimmed its fiscal 2025 revenue expectation on Tuesday, adding to concerns around the server maker’s position in the AI market after a litany of internal issues had brought on a potential delisting Shares of the company fell 5.4% in extended trading. The company now expects 2025 revenue to be in the…
(Reuters) -Rivian lowered its deliveries forecast for 2025 on Tuesday as U.S. tariffs on imported vehicles and auto parts threaten to unsettle the economy and hurt demand for its electric SUVs and pickup trucks. “About the impact of tariffs, it’s a couple of thousand dollars of cost that we’re going to see on a per…
(Reuters) -Lucid stuck to its 2025 production forecast on Tuesday despite the threat of tariffs forcing many automakers to pull back targets, while the luxury electric-vehicle maker reported first-quarter revenue below analysts’ expectations. Demand for pure battery cars in the U.S. has been slowing as consumers, hit with high interest rates and recession worries, gravitate…
By Arriana McLymore NEW YORK (Reuters) -Shein and Temu, fast-fashion e-commerce platforms that ship merchandise from China, boosted their spending on digital ads in Europe in April, data from market intelligence firm Sensor Tower showed, a shift away from the U.S., where the companies face crushing tariffs. Shein’s ad spending rose 35% in France and…
By Nora Eckert and Nathan Gomes DETROIT (Reuters) – Ford Motor suspended its annual guidance on Monday because of uncertainty around U.S. President Donald Trump’s tariffs, saying the levies would cost the company about $1.5 billion in adjusted earnings before interest and taxes. In February, the Dearborn, Michigan automaker projected earnings before interest and taxes…
(Reuters) -Data and analytics firm Palantir Technologies raised its annual sales forecast on Monday, betting on strong demand for its products that help businesses adopt generative AI technology. Still, shares of the company fell more than 2% in extended trading. Palantir has benefited from a boom in the adoption of GenAI technology as enterprises leverage…
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Brooks Running, which is owned by Warren Buffett’s Berkshire Hathaway, is committed to keeping production in southeast Asia even if U.S. President Donald Trump’s proposed tariffs mean consumers will pay more for its performance running shoes, its chief executive said. Dan Sheridan, a 27-year Brooks veteran and chief executive…
By Andrea Shalal WEST PALM BEACH, Florida (Reuters) -President Donald Trump posted an AI-generated photo showing himself as the pope ahead of this week’s gathering of cardinals to choose a new leader of the 1.4-billion-strong Catholic Church, and just days after he joked he would “like to be pope”. Trump, who is not a Catholic…
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Berkshire Hathaway shareholders mourning the departure of legendary investor Warren Buffett anticipate the conglomerate he built over 60 years will retain its long-term focus and culture but worry about the loss of Buffett’s vision and star power. Following Buffett’s surprise announcement on Saturday that he would step down as…
