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Roku forecasts second-quarter revenue below estimates
May 1 (Reuters) - Roku ROKU.O forecast second-quarter revenue below Wall Street estimates on Thursday, as customers pull back spending amid an uncertain market environment. It expects revenue of $1.07 billion for the second quarter, compared with analysts' average estimate of $1.09 billion, acc...Reuters
Thu, May 1
Motor racing-Russell says F1 drivers want more than words from FIA boss
MIAMI, May 1 (Reuters) - George Russell said Formula One drivers wanted more than words from FIA president Mohammed Ben Sulayem in a lukewarm response to a mooted change in the rules concerning punishment for misconduct, including swearing.Ben Sulayem, the Emirati head of the governing body, said on...Reuters
Thu, May 1
Reddit forecasts quarterly revenue above estimates as digital ad spend grows
May 1 (Reuters) - Reddit RDDT.N forecast second-quarter revenue above Wall Street estimates on Thursday, betting on growing digital ad spend on the social media platform despite uncertainty over marketing budgets resulting from the ongoing trade war.It expects current-quarter revenue to be between $...Reuters
Thu, May 1
Instacart forecasts upbeat quarterly core profit on online grocery delivery demand
May 1 (Reuters) - Instacart CART.O forecast second-quarter core profit above Wall Street estimates on Thursday, betting on resilient demand for grocery and food on its delivery platform as more people shop online.The company, also known as Maplebear, has been attracting customers amid a highly compe...Reuters
Thu, May 1
Amgen quarterly profit tops Wall Street view, sales up 11%
Adjusted EPS $4.90 vs LSEG estimate of $4.30Revenue of $8.1 billion in line with Wall Street estimatesFDA lifts clinical hold on AMG 513 weight-loss drug trialBy Deena Beasley May 1 (Reuters) - Amgen AMGN.O on Thursday said its first-quarter profit rose 24%, handily exceeding Wall Street expectat...Reuters
Thu, May 1
Duolingo raises 2025 forecast as AI-powered subscription garners wider appeal
By Akash SriramMay 1 (Reuters) - Language learning app Duolingo DUOL.O forecast current-quarter revenue above Wall Street estimates and lifted its annual sales expectations on Thursday, as more users pay for subscriptions featuring AI features.Duolingo operates on a "freemium" model, offerin...Reuters
Thu, May 1
Lumen beats quarterly revenue estimates on AI driven demand for connectivity
By Harshita Mary Varghese May 1 (Reuters) - Lumen Technologies LUMN.N topped Wall Street estimates for first-quarter revenue on Thursday, driven by strong demand for its connectivity solutions from enterprise customers amid a rapid growth in AI-intensive workloads. The expansion of AI application...Reuters
Thu, May 1
Democrats push for US human rights review in El Salvador
By Bo Erickson WASHINGTON, May 1 (Reuters) - Several U.S. Democratic senators introduced a resolution on Thursday to potentially compel a State Department review of human rights issues in El Salvador, particularly concerning the imprisonment of men deported in recent weeks from the U.S.The resolu...Reuters
Thu, May 1
Hedge Fund Irenic builds 2% stake in SSP, pushes for profitability boost, FT reports
May 1 (Reuters) - Activist investor Irenic Capital Management has built a stake of around 2% in SSP Group SSPG.L and is pushing the Upper Crust owner to boost its profit margins, the Financial Times reported on Thursday, citing people familiar with the matter.According to the report, the New York-ba...Reuters
Thu, May 1
EXCLUSIVE-JetBlue's plan for domestic partnership faces union backlash
Union challenges planned partnership citing job protections in contractJetBlue's revenue from loyalty programs grows despite profit strugglesAirline cuts flights and offers early retirements to reduce labor costsCompany negotiating new pilot contract amid partnership talksBy Allison Lampert and ...Reuters
Thu, May 1
US audit watchdog chief warns Republican changes put investors at risk
Republican lawmakers propose folding PCAOB into SECWilliams warns against reducing PCAOB's oversight roleCritics argue PCAOB's aggressive oversight harms smaller auditorsBy Chris Prentice NEW YORK, May 1 (Reuters) - The chair of the U.S. accounting watchdog on Thursday warned against dras...Reuters
Thu, May 1
Court hearing in Exxon's dispute over Chevron-Hess deal set for May 26, sources say
Exxon claims right of first refusal to buy Hess' Stabroek stakeStabroek field is biggest oil discovery of the last decadeHess acquisition crucial for boosting Chevron's oil output and reservesBy Sheila Dang HOUSTON, May 1 (Reuters) - The International Chamber of Commerce has scheduled a h...Reuters
Thu, May 1
Motor racing-Norris says no worries, but he needs to get a move on
MIAMI, May 1 (Reuters) - Lando Norris said he had no worries about McLaren teammate Oscar Piastri building momentum in the Formula One title battle but recognised on Thursday he needed to get his act together and speed up.Australian Piastri has won three of the last four races and is chasing a third...Reuters
Thu, May 1
Canadian PM Carney to give first post-election press conference on Friday
OTTAWA, May 1 (Reuters) - Canadian Prime Minister Mark Carney will give a press conference at 1100 Eastern Time (1500 GMT) on Friday, his office said in a statement on Thursday.It will be his first time addressing the media since winning a strong minority in Monday's election.Reuters
Thu, May 1
EU trade chief Sefcovic: Europe ready to make Trump a 50 billion euros offer, FT reports
May 1 (Reuters) - European Trade Commissioner Maros Sefcovic said Brussels wants to increase purchases of goods from United States by 50 billion euros ($56.46 billion) to address a "problem" in the trade relationship, adding the bloc is making "certain progress" towards striking a de...Reuters
Thu, May 1
Health Rounds: Breast cancer is becoming less deadly for younger women, US study finds
By Nancy LapidMay 1 (Reuters) - Hello Health Rounds Readers! It's always nice to have good news to report and today we feature a U.S. study highlighting greatly improving survival rates for young women with breast cancer. We also report on yet another potential medical benefit of popular GLP-1 d...Reuters
Thu, May 1
New CIA videos aim to lure Chinese officials
By Michael Martina WASHINGTON, May 1 (Reuters) - The CIA on Thursday rolled out two Chinese-language videos aimed at enticing officials in China to leak secrets to the U.S., the latest public effort by the intelligence agency to ramp up human intelligence gathering on Washington's strategic r...Reuters
Thu, May 1
EU trade chief Sefcovic: Europe ready to make Trump a 50 billion euros offer, FT reports
May 1 (Reuters) - European Trade Commissioner Maros Sefcovic said Brussels wants to increase purchases of goods from United States by 50 billion euros ($56.46 billion) to address a "problem" in the trade relationship, adding the bloc is making "certain progress" towards striking a de...Reuters
Thu, May 1
