FedEx shares slide as annual forecast cuts stoke worries on economy
By Shivansh Tiwary (Reuters) -FedEx’s shares fell 11% on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of U.S. manufacturing amid uncertainty from…
Cryptocurrency firm founder pleads guilty in US to market manipulation scheme
By Nate Raymond BOSTON (Reuters) – The founder of a cryptocurrency financial services firm pleaded guilty on Friday to U.S. charges that he participated in a wide-ranging scheme to manipulate…
Existing ByteDance investors emerge as front-runners in TikTok deal talks
By Dawn Chmielewski and Katie Paul NEW YORK (Reuters) -White House-led talks on the future of TikTok are coalescing around a plan for the biggest non-Chinese investors in parent company…
Barclays beats two lawsuits in US over $17.7 billion issuance blunder
(Reuters) – Barclays won the dismissal on Friday of two U.S. securities fraud lawsuits stemming from the British bank’s unauthorized sale of $17.7 billion more securities than U.S. regulators allowed.…
Apple shakes up AI executive ranks in bid to turn around Siri, Bloomberg News reports
(Reuters) – Apple is shaking up its executive ranks to get its AI efforts back on track after months of delays, Bloomberg News reported on Thursday citing people familiar with…
Nvidia to open quantum computing lab, CEO says
By Stephen Nellis SAN JOSE, California (Reuters) -Nvidia will open a quantum computing research lab in Boston, where it plans to collaborate with scientists from Harvard University and the Massachusetts…
Eli Lilly launches weight-loss drug Mounjaro in India, beats Novo Nordisk to major market
By Rishika Sadam HYDERABAD (Reuters) -Eli Lilly launched its blockbuster diabetes and weight-loss drug Mounjaro in India on Thursday, beating rival Novo Nordisk for a much-awaited entry into the world’s…
Perplexity AI in talks to raise funds at $18 billion valuation, source says
By Jaspreet Singh and Akash Sriram (Reuters) -Perplexity AI is in talks to raise funds at an $18 billion valuation, a person familiar with the matter told Reuters on Thursday,…
Senate Democrats urge Trump to reverse Federal Trade Commission firings
By Jody Godoy (Reuters) -More than two dozen Democratic U.S. senators called on President Donald Trump on Wednesday to rescind his termination of the two Democratic members of the U.S.…
Argentina IMF loan plan gets Congress’ approval, paving way for deal
By Nicolás Misculin BUENOS AIRES (Reuters) -Argentina’s lower house on Wednesday gave its stamp of approval for the government to kick off talks with the International Monetary Fund (IMF), a…