Explore

Ulta Beauty boosts profit forecast on higher-priced product demand

Ulta Beauty boosts profit forecast on higher-priced product demand

By Anuja Bharat Mistry and Arriana McLymore June 2 (Reuters) - Cosmetics retailer Ulta Beauty raised annual profit forecast on Tuesday, betting that leaner inventory-related losses and resilient demand for high-priced products will help counter rising costs tied to store expansion and marketing.

Australian competition regulator tells Amazon, eBay to pull risky magnetic toys

Australian competition regulator tells Amazon, eBay to pull risky magnetic toys

June 2 (Reuters) - Australia's competition watchdog said on Tuesday it had issued takedown requests to Amazon, eBay, Kogan, and Fruugo for toys and games containing potentially deadly small magnets, as part of its investigation.

AI giant Anthropic confidentially files for US IPO as investors bet big on AI future

AI giant Anthropic confidentially files for US IPO as investors bet big on AI future

June 1 (Reuters) - AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up what could become the watershed moment for Wall Street's AI frenzy.

Activist Toms Capital presses insurance firm Voya to explore sale

Activist Toms Capital presses insurance firm Voya to explore sale

June 1 (Reuters) - Activist hedge fund Toms Capital Investment Management on Monday urged Voya Financial to explore strategic options, including a potential sale, arguing the insurance and investment management company continues to trade at a discount to peers.

Dollar General raises annual profit forecast on resilient demand for discount goods

Dollar General raises annual profit forecast on resilient demand for discount goods

June 2 (Reuters) - Dollar General raised its annual profit forecast on Tuesday, mirroring rival Dollar Tree, as the discount retailers bank on shoppers seeking affordable essentials amid economic uncertainty.

Victoria's Secret shares surge as retailer lifts annual forecasts on strong sales

Victoria's Secret shares surge as retailer lifts annual forecasts on strong sales

June 2 (Reuters) - Victoria's Secret shares jumped 34% in premarket trading on Tuesday, as the lingerie retailer raised its annual sales and profit forecasts after posting double-digit quarterly revenue growth across its brands, including PINK.

Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion

Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion

June 1 (Reuters) - Alphabet is looking to raise $80 billion in equity offerings, including via an investment deal with Berkshire Hathaway, the Google parent said on Monday, in its aggressive push to fund a costly expansion of its AI infrastructure.

Berkshire Hathaway to buy Taylor Morrison for $8.5 billion in housing push

Berkshire Hathaway to buy Taylor Morrison for $8.5 billion in housing push

May 31 (Reuters) - Berkshire Hathaway has agreed to acquire Taylor Morrison Home Corporation in an all-cash deal valued at about $8.5 billion, the companies jointly said on Sunday, marking an expansion of the conglomerate’s housing business.

Fulcrum plummets 50% after scrapping lead sickle-cell drug on FDA concerns

Fulcrum plummets 50% after scrapping lead sickle-cell drug on FDA concerns

June 2 (Reuters) - Shares of Fulcrum Therapeutics plunged 50% in premarket trading on Tuesday after the company said it would abandon development of its experimental sickle-cell disease drug following cancer-risk concerns raised by the U.S.

AI demand, earnings optimism lift tech giants' market value in May

AI demand, earnings optimism lift tech giants' market value in May

June 2 (Reuters) - The world's most valuable technology companies with the exception of Alphabet added billions of dollars in market value in May, as upbeat earnings outlooks and strong demand for AI chips fuelled a rally in their shares.

Exclusive-SpaceX targets $1.75 trillion valuation including greenshoe option in record IPO, sources say

Exclusive-SpaceX targets $1.75 trillion valuation including greenshoe option in record IPO, sources say

By Echo Wang June 2 (Reuters) - SpaceX, Elon Musk's rocket and satellite company, plans to raise at least $75 billion in its record initial public offering, two people familiar with the matter told Reuters on Tuesday.

Coca-Cola explores listing of India bottling unit in 2027

Coca-Cola explores listing of India bottling unit in 2027

June 1 (Reuters) - Coca-Cola said on Monday it was exploring a potential initial public offering in India for Hindustan Coca-Cola Holdings, the parent of its largest bottler in the country.