News
Lululemon CEO McDonald to step down, shares rise 10%
[ad_1] LULULEMON Athletica said that CEO Calvin McDonald was leaving the company without a replacement and raised its annual profit forecast, sending shares up about 10 per cent in extended...
TerraUSD creator Do Kwon sentenced to 15 years over US$40 billion crypto collapse
[ad_1] Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud[NEW YORK] Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an...
Oil retreats as investors’ focus on Ukraine, US fuel supplies
[ad_1] [HOUSTON] Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in US petrol and diesel inventories. [ad_2] Source link
US stocks: Dow, S&P 500 post record closes; Oracle drags on Nasdaq
[ad_1] THE S&P 500 and the Dow boasted record closing highs on Thursday as investors favoured financial stocks after a Federal Reserve policy update that was less hawkish than expected while the...
Oracle shares drop the most since 2001 on mounting AI spending
[ad_1] The stock has already lost about a third of its value through Wednesday’s close since a record high on Sep 10 [NEW YORK] Oracle shares fell the most in...
S&P 500, Nasdaq opens lower on Oracle AI spending jitters
[ad_1] [NEW YORK] The S&P 500 and the Nasdaq opened lower on Thursday (Dec 11) as fresh worries over Oracle’s hefty AI spending plans overshadow optimism over a less hawkish...
Disney invests $1 billion in OpenAI, licenses Mickey Mouse to Sora AI platform
[ad_1] OpenAI said Thursday it reached a licensing deal with the Walt Disney Co. to use more than 200 popular Disney characters including Mickey Mouse, characters from “Frozen” and Yoda...
Opec says Opec+ raised output in November, leaves demand view steady
[ad_1] [LONDON] Opec said on Thursday (Dec 11) that the wider Opec+ oil producer group nudged up output in November as eight Opec+ members pressed ahead with another production increase,...
Filipino typhoon survivors sue Shell over climate change
[ad_1] Typhoon Rai struck in December 2021, killing over 400 people and leaving hundreds of thousands homeless[LONDON] The survivors of a deadly 2021 typhoon in the Philippines have filed a...
Instacart is charging different prices to different customers in a dangerous AI experiment, report says
[ad_1] The grocery delivery service Instacart is using artificial intelligence to experiment with prices and charge some shoppers more than others for the same items, a new study found. The...
Can Manulife US Reit recover? Unitholders seek answers ahead of EGM
[ad_1] The real estate investment trust’s manager answers pointed questions from unitholders[SINGAPORE] Long-suffering unitholders have grilled Manulife US Reit’s manager on its recovery plan – including the interest the sponsor...
India’s equity mutual fund inflows rebound in November on strong earnings, low inflation
[ad_1] [MUMBAI] Equity mutual fund inflows into the Indian stock market rebounded after three months in November, as improved corporate earnings, stable economic growth and benign inflation powered blue-chips to...