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Amazon forecasts quarterly revenue largely below estimates
Reuters· 2025-10-30 20:05
Amazon.com forecast quarterly revenue largely below Wall Street estimates on Thursday, hurt by a weaker retail business as strong demand for its cloud services as businesses continue to spend relentle... ...
Dexcom beats quarterly estimates on strong demand for glucose monitors
Reuters· 2025-10-30 20:03
Core Viewpoint - Medical device maker Dexcom exceeded Wall Street estimates for third-quarter results, driven by strong demand for its continuous glucose monitoring systems [1] Company Summary - Dexcom reported robust performance in the third quarter, indicating a positive trend in the demand for its products [1] Industry Summary - The continuous glucose monitoring systems market is experiencing significant growth, as evidenced by Dexcom's strong quarterly results [1]
Fed's Bowman plans to cut bank-supervision unit by about 30%, email shows
Reuters· 2025-10-30 20:02
Core Insights - U.S. Federal Reserve Vice Chair for Supervision Michelle Bowman is planning to reorganize the agency's supervision and regulation division [1] - The reorganization will involve a staff reduction of approximately 30% within the unit [1] Summary by Categories Organizational Changes - The Federal Reserve's supervision and regulation division will undergo a reorganization led by Vice Chair Michelle Bowman [1] Staffing Impact - The reorganization will result in a staff cut of about 30% [1]
Globalstar draws SpaceX interest in sale process, Bloomberg News reports
Reuters· 2025-10-30 19:50
Core Viewpoint - Globalstar is considering a potential sale and has initiated preliminary discussions with SpaceX, among other potential buyers [1] Company Summary - Globalstar is actively exploring options for a sale, indicating a strategic shift in its business approach [1] - The company has engaged in early talks with notable entities, including Elon Musk's SpaceX, suggesting interest from major players in the industry [1]
Ford to invest $370 million in India for new engines, Bloomberg News reports
Reuters· 2025-10-30 19:46
Ford is planning to invest about $370 million in India to make new engines, Bloomberg News reported on Thursday, citing a person familiar with the matter. ...
Nvidia to invest up to $1 billion in AI startup Poolside, Bloomberg News reports
Reuters· 2025-10-30 19:32
Group 1 - Nvidia, a leader in artificial intelligence chips, will invest up to $1 billion in AI startup Poolside [1] - The investment reflects Nvidia's commitment to expanding its influence in the AI sector [1] - This move is part of a broader trend of major tech companies investing in AI startups to enhance their capabilities [1] Group 2 - The investment in Poolside is expected to accelerate innovation and development in AI technologies [1] - Nvidia's financial backing could provide Poolside with the necessary resources to scale its operations [1] - This partnership may lead to new advancements in AI applications, benefiting both companies [1]
JPMorgan names new vice chair for its diversified industries business, memo shows
Reuters· 2025-10-30 19:14
Core Insights - JPMorgan Chase has appointed Eric Hirschfield as the vice chair for its diversified industries business, indicating a strategic move to strengthen its leadership in this sector [1] Company Developments - The appointment of Eric Hirschfield, a former executive at Rothschild, suggests JPMorgan Chase's commitment to enhancing its expertise and influence in diversified industries [1]
US Army Corps approves Enbridge's Line 5 reroute in Wisconsin
Reuters· 2025-10-30 18:45
The U.S. Army Corps of Engineers has granted approval to Canadian company Enbridge for its plan to reroute a section of its Line 5 oil pipeline around a Wisconsin tribal reservation. ...
Brazil's Petrobras studying logistics base in Amapa, says state's governor
Reuters· 2025-10-30 18:25
Core Insights - Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, indicating a strategic move to enhance operational capabilities in the region [1] - The state-run oil firm recently began exploring a promising offshore block, suggesting potential growth in oil production and exploration activities [1] Company Developments - The logistics center aims to support Petrobras' operations in Amapa, which may lead to improved efficiency and reduced operational costs [1] - The exploration of the offshore block marks a significant step for Petrobras, potentially increasing its resource base and production capacity [1] Industry Implications - The developments in Amapa reflect the broader trend of increasing investment in oil exploration in Brazil, particularly in underexplored regions [1] - Enhanced logistics capabilities could position Petrobras favorably against competitors, allowing for better access to remote areas and improved supply chain management [1]
Bullish options plays set to boost S&P 500 gyrations around 7,000 level
Reuters· 2025-10-30 18:22
A wave of bullish options trading has amplified the U.S. stock market's advance toward another major milestone and left dealers positioned so that market swings are likely to be exaggerated in coming ... ...