Goldman Sachs CEO says Fed unlikely to cut rates this year
By Suzanne McGee BOSTON (Reuters) – Goldman Sachs CEO David Solomon said on Wednesday he does not expect the Federal Reserve to cut interest rates
AutoZone’s quarterly profit beats estimates on demand for car parts
(Reuters) – AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing
Robinhood lowers interest rate on margin loans in growth push
By Niket Nishant (Reuters) – Trading app Robinhood Markets is lowering the rate of interest it charges on its margin loans, it said on Tuesday,
Amazon’s cloud unit pauses orders of Nvidia’s most powerful chip, FT reports
(Reuters) – Amazon.com’s cloud services unit has paused orders of Nvidia’s most advanced “superchip” to wait for a more powerful new model, the Financial Times
Microsoft talks up tools for making AI software
By Max A. Cherney SEATTLE (Reuters) – Microsoft talked up new tools on Tuesday aimed at encouraging programmers to build the AI-focused technology into Windows-related
Palo Alto Networks forecasts quarterly billings above estimates
(Reuters) – Palo Alto Networks forecast fourth-quarter billings above Wall Street estimates on Monday, a sign that clients are turning to the cybersecurity firm for
JPMorgan expects rising interest income while citing economic risks
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) -JPMorgan Chase predicted it would earn more income from elevated U.S. interest rates despite uncertainty hanging
Microsoft to unveil AI devices and features ahead of developer conference
By Max A. Cherney SEATTLE (Reuters) – Microsoft plans to announce several pieces of hardware and software related to consumer devices on Monday at an
Apple slashes iPhone prices in China amid fierce Huawei competition
BEIJING (Reuters) – Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318)
Reddit stock jumps after OpenAI partnership
(Reuters) – Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users