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Broadcom and tech stocks fall, but the rest of Wall Street picks up some of the slack

Broadcom and tech stocks fall, but the rest of Wall Street picks up some of the slack

Broadcom is leading artificial-intelligence stocks lower, but other areas of the market that used to get left behind by Big Tech are picking up some of the slack
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AI stocks are falling with Broadcom, but the rest of Wall Street is picking up the slack

AI stocks are falling with Broadcom, but the rest of Wall Street is picking up the slack

Artificial-intelligence stocks are falling again, but smaller U.S. stocks and other areas of the market that used to get left behind by Big Tech are picking up the slack
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Tumbling tech stocks drag Wall Street from its all-time highs

Tumbling tech stocks drag Wall Street from its all-time highs

More drops for superstars that had earlier soared in Wall Street’s frenzy around artificial-intelligence technology are dragging the U.S. stock market lower
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Lululemon Announces CEO Succession Plan as Calvin McDonald Steps Down

Lululemon Announces CEO Succession Plan as Calvin McDonald Steps Down

Lululemon Announces CEO Succession Plan as Calvin McDonald Steps Down
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Nasdaq, S&P 500 futures slip as Broadcom outlook reignites AI bubble fears

Nasdaq, S&P 500 futures slip as Broadcom outlook reignites AI bubble fears

Dec 12 (Reuters) - Futures tracking the S&P 500 and Nasdaq slid on Friday as chipmaker Broadcom's results sparked fresh worries about a potential artificial intelligence bubble, dampening investor optimism from a less hawkish Federal Reserve monetary policy decision earlier in the week. 
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South Carolina measles cases rise to 126 as outbreak accelerates

South Carolina measles cases rise to 126 as outbreak accelerates

By Julie Steenhuysen Dec 12 (Reuters) - South Carolina health officials on Friday confirmed an additional 15 new cases of measles since Tuesday, as the widening outbreak of the vaccine-preventable disease in the northwest part of the state has infected 126 people so far.
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Coca-Cola names insider Henrique Braun as new CEO, replacing James Quincey

Coca-Cola names insider Henrique Braun as new CEO, replacing James Quincey

By Juveria Tabassum Dec 10 (Reuters) - Coca-Cola on Wednesday named insider Henrique Braun as its new CEO, replacing James Quincey, as packaged food companies try to adjust their strategies to consumers looking for healthier and more affordable drinks and snacks.
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Adobe sees upbeat annual results on AI, design software strength

Adobe sees upbeat annual results on AI, design software strength

Dec 10 (Reuters) - Adobe forecast fiscal 2026 revenue and profit above Wall Street expectations on Wednesday, signaling strong demand for the Photoshop maker's design tools and increasing monetization for its artificial intelligence offerings. 
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Altria CEO Billy Gifford to retire in May, CFO Mancuso to succeed

Altria CEO Billy Gifford to retire in May, CFO Mancuso to succeed

Dec 11 (Reuters) - Altria said on Thursday that CEO Billy Gifford, who has led the tobacco giant since 2020, would retire in May and be succeeded by finance head Salvatore Mancuso. Gifford plans to serve as a consultant following his retirement until at least the end of 2026.
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Winklevoss twins' Gemini bags US license for prediction markets

Winklevoss twins' Gemini bags US license for prediction markets

Dec 10 (Reuters) - Gemini, the crypto platform founded by billionaire twins Tyler and Cameron Winklevoss, said on Wednesday it had received a license from the Commodity Futures Trading Commission to offer prediction markets to U.S. customers.
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Welsh Carson-backed Lumexa Imaging raises $463 million in US IPO

Welsh Carson-backed Lumexa Imaging raises $463 million in US IPO

Dec 10 (Reuters) - Lumexa Imaging, one of the largest U.S. diagnostic imaging services providers, said on Wednesday it has raised $462.5 million in its initial public offering.
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Costco beats quarterly earnings estimates on strong demand ahead of holiday season

Costco beats quarterly earnings estimates on strong demand ahead of holiday season

Dec 11 (Reuters) - Costco Wholesale beat Wall Street estimates for first-quarter revenue and profit on Thursday, as consumers snapped up affordable essentials and nice-to-have items at its stores ahead of the crucial holiday season.