By Krystal Hu
(Reuters) - Cloud-based designer platform Figma is closing a deal to allow its employees and early investors to sell their stake to new and existing investors at a valuation of $12.5 billion, the company said on Thursday.
Figma, whose free online tool is used to create, share and test designs for websites, mobile apps and other digital products, has been seeking ways for employees to cash out on their stock options and... (continue reading...)
By Siddharth Cavale and Aishwarya Venugopal
(Reuters) - A positive forecast from retail bellwether Walmart on Thursday signaled a resilient U.S. shopper, in line with earlier remarks by one of its key suppliers and one of its retail rivals.
American shoppers are opening their wallets, spending money on bargain-priced goods in stores and online, with many people turning to Walmart's delivery service for convenience, Walmart executives... (continue reading...)
(Reuters) -Spirit AeroSystems is laying off several hundred members of its workforce in Wichita, Kan., according to an internal memo, as the company deals with high debt and slowed production at Boeing, its key customer.
“The recent slowdown in the delivery rate on commercial programs compels a reduction to our workforce in Wichita,” spokesman Joe Buccino said. “In the coming weeks, we will inform affected employees. We are committed to implementing... (continue reading...)
GRUENHEIDE, Germany (Reuters) - Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric vehicle maker's plans.
The green light from the Gruenheide council is just the first in a series of hurdles Tesla needs to clear before being able to start its expansion to add logistical spaces including a train station. The expansion must also be approved... (continue reading...)
Investing.com -- Main U.S. indexes rose but struggled to push much higher after the previous session’s strong gains to record levels in the wake of cooler inflation data.
Here are some of the biggest U.S. stock movers today:
Walmart (NYSE: WMT) stock rose 6% after the retail giant topped quarterly earnings and revenue expectations, helped by significant e-commerce gains
Chubb (NYSE: CB) stock rose 4% after Warren Buffett’s... (continue reading...)
More General News
View Older Stories-
Disney, Fox, Warner Bros Discovery sports-streaming venture named Venu Sports
-
This analyst thinks AMC stock could surge 60%
-
1 month of in-line CPI not enough to start Fed rate cut countdown: Macquarie
-
OPEC+ likely to role over output cuts - UBS
-
Major prime broker Nomura is accumulating shares of this company, 13F shows
-
Dow hits 40,000 on earnings boost, rate cut bets: Instant view
-
Goldman Sachs (GS) Strikes $43 Billion Deal For Ups Pension Fund Assets - Bloomberg
-
US import prices increase by the most in two years in April
-
Initial jobless claims dip to 222,000 last week, but still above estimates
-
US labor market fairly tight, broader economy losing steam
-
Labor Department accidentally released some inflation data early on Wednesday
-
Cisco rises as networking equipment demand rebound takes root
-
Johnson & Johnson to acquire Proteologix for $850 million
-
Under Armour forecasts underwhelm on patchy demand, unveils restructuring
-
Disney has dramatically cut traditional TV spending, CEO says
-
Netflix hits 40 million users for ad-supported plan
-
US Congress passes broad aviation bill on safety and consumer rights
-
Fed's Kashkari: rates should stay on hold 'for a while longer'
-
5 analysts discuss Fed and Powell's next moves as CPI data shows signs of cooling
-
Midday movers: AMC Entertainment, GameStop fall; Dell rises
-
BMO raises S&P 500 price target to 5600
-
Netflix to stream NFL games on Christmas Day from this year
-
US consumer prices rise less than expected; retail sales flat
-
Consumer price growth slowed marginally in March; CPI rose an annualized 3.4%
-
iPhone upgrades slow in US, new survey shows
-
Analysts don't see Powell changing his bearish stance even if CPI surprises
-
U.S. CPI preview - Be very careful with these details as you trade today
-
Biden hikes US tariffs on Chinese imports
-
Citi executive in charge of implementing bank's restructuring departs
-
Google launches Trillium chip, improving AI data center performance fivefold
-
Midday movers: GameStop, AMC Entertainment rise; Alibaba falls
-
Powell says Fed's restrictive policy is working
-
Comcast to unveil Netflix, Apple TV+, Peacock streaming bundle
-
Comcast (CMCSA) To Launch Bundle Of Peacock, Netflix And Apple Tv+ - WSJ
-
Deciphering Oil Marketing Companies' Q4: Goldman Sachs Offers Insights
-
Investors becoming more bullish on European macro cycle: Bank of America survey
-
3 analysts discuss implications for Apple, Google after OpenAI's event
-
Games Global files to withdraw US IPO plan
-
Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports
-
Intel hires industry veteran Kevin O'Buckley to head Foundry Services
-
US federal debt is the biggest long-term downside risk for markets: analysts
-
Apple silicon chips could already be competitive to NVDA’s H-series: Lynx
-
Apple defeats union campaign at New Jersey retail store
-
Dow Jones, Nasdaq, S&P 500 weekly preview: CPI report, retail earnings in focus
-
J&J to exit spinoff Kenvue with latest stake sale
-
S&P 500 barely changes as investors hold tight ahead of inflation data
-
McDonald's considering $5 meal deal launch to draw diners, source says
-
After layoffs, Musk says Tesla to spend $500 million on charging network
-
Midday movers: Novavax, Nvidia, Sweetgreen rise; Moderna, Yelp fall
-
Roblox stock: Industry expert explains why Wall Street is wrong
