Tag: Business

Stripe’s valuation climbs to $91.5 billion in secondary stock offer

Stripe announced a tender offer for employees and shareholders on Thursday that values the payments startup at $91.5 billion, the closest the company...

Amazon touts its first quantum-computing chip a week after Microsoft’s unveiling

Amazon on Thursday revealed its first chip for quantum computing, and said its design will help the company build highly efficient hardware systems.The...

Shares of British aerospace giant Rolls-Royce jump 15% on upbeat outlook, profit beat

A model of an UltraFan on the Rolls-Royce Holdings Plc stand on day two of the Farnborough International Airshow in Farnborough, UK, on...

FDA cancels vaccine advisory meeting for choosing flu strains for next season’s shots

FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed |...

Nvidia CEO Huang says AI has to do ‘100 times more’ computation now than when ChatGPT was released

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan, on Tuesday, June 4, 2024.Annabelle Chih...

Salesforce misses on revenue, issues disappointing guidance

Salesforce CEO Marc Benioff appears at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce...

After abrupt departure of Lucid CEO, here are the EV maker’s top priorities

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after...

Nvidia reports fourth-quarter earnings after the bell

Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote...

Eli Lilly plans at least $27 billion in new U.S. manufacturing investments

A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty...

TJ Maxx parent company posts strong holiday, but issues weaker-than-expected guidance

North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.Jeff Greenberg | Getty ImagesTJX Companies posted a...

GM raises quarterly dividend, initiates $6 billion stock buyback

DETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to...

Lowe’s beats Wall Street expectations as it starts to break out of sales slump

A Lowe's store stands in Brooklyn on February 27, 2024 in New York City. Spencer Platt | Getty ImagesLowe's topped Wall Street's quarterly earnings...

Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset

The BP logo is displayed outside a petrol station on January 30, 2025 in Warrington, United Kingdom.Nathan Stirk | Getty Images News |...

Target strikes deal with sportswear brand Champion, as it tries to rev up apparel sales

Target will soon have another brand to dangle as the discounter tries to convince more shoppers to buy clothing and other discretionary merchandise...

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