Reuters

By Caroline Valetkevitch

NEW YORK (Reuters) - Shares of Palantir Technologies fell 15.1% on Tuesday in their biggest daily percentage drop since May 2022, a day after the data analytics company gave a revenue forecast that disappointed.

The stock closed at $21.40, while on Wall Street, action was more subdued, with the S&P 500 ending slightly higher and the Nasdaq down a bit.

Late on Monday, the company raised its annual... (continue reading...)

(Reuters) - Arista Networks forecast second-quarter revenue above Wall Street estimates on Tuesday, anticipating higher demand for its cloud networking gear from a boom in artificial intelligence applications and chips.

The results underscore strong spending on Arista's products such as Ethernet switches and routers from clients, including Microsoft and Meta Platforms, as they grow their cloud and data center infrastructure to support AI needs.

By Trevor Hunnicutt and Andrea Shalal

WASHINGTON (Reuters) - U.S. President Joe Biden welcomes peaceful protests at college commencement ceremonies where he and other administration officials will speak, the White House said on Tuesday as pro-Palestinian protests spread around the country.

Columbia University on Monday canceled its main graduation ceremony after weeks of unrest roiled the Ivy League college's campus, but it will still... (continue reading...)

By Dietrich Knauth

NEW YORK (Reuters) - Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday court hearing in Houston.

Steward, which filed for bankruptcy protection on Monday, hopes to keep all of its hospitals open over the long term, Steward attorney Ray Schrock told U.S.... (continue reading...)

(Reuters) - Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as users are likely to dial back spending on dating apps.

Match Group - which offers dating apps services such as Hinge, Tinder, OkCupid and Plenty of Fish, among others - has been grappling with slowing revenue due to weaker discretionary spending by users in an uncertain economy.

The company also faces stiff competition from... (continue reading...)