Reuters Alphabet disappointed Wall Street on Tuesday as holidayseason advertising sales came in below expectations and the company said its spending on items such as servers to power artificial intelligence would jump this year. Alphabet shares fell 6 in afterhours trade. Against a backdrop of mixed U.S. economic signals, Alphabet39;s powerhouse units Google and YouTube have […]

Reuters AIrelated companies lost 190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring. The selloff following the tech giants39; reports after the bell underscored investors39; elevated expectations following an AIfueled stock market rally in recent months […]

Jan 30 Reuters United Parcel Service plans to cut 12,000 jobs and explore strategic options for Coyote, its volatile trucking brokerage business, after the world39;s largest parcel delivery company forecast fullyear revenue below Wall Street39;s target. Shares of Atlantabased UPS tumbled 8 to 145.32 on the New York Stock Exchange amid weak demand from its retail, […]

Oil shipping cost jumps 80 from Middle East to Europe Opportunity opens for US refiners to fill gap in Europe Rerouting around Africa saps tanker supply in Asia SINGAPORENEW DELHILONDON, Jan 31 Reuters To avoid the Red Sea, the supertanker Grand Bonanza set out early this month on a roughly 40day journey carrying 1.8 million […]

FRANKFURT, Jan 31 Reuters Swiss drugmaker Novartis reported a 6 gain in fourthquarter adjusted net income on Wednesday, helped by cost cuts and strong growth of recently launched drugs. Core net income for the quarter came in at 3.13 billion, it said in a statement, missing analysts39; estimate of about 3.3 billion, as per LSEG data. […]