Walmart Restructures, Nike Rises, and the Quiet AI Boom You Might Miss
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Author: The Trading Report
Ford accuses law firms of fraudulent overbilling, including a 57-1/2 hour workday
By Jonathan Stempel (Reuters) – Ford sued several California lawyers and law firms on Wednesday, accusing them of fraudulently inflating…
Walmart plans job cuts in restructuring push to simplify operations
(Reuters) -U.S. retail bellwether Walmart is planning to cut about 1,500 jobs as part of a restructuring push to simplify…
Nike set to raise prices next week, plans to sell on Amazon again
(Reuters) -Nike is planning to raise prices of some products from next week and will sell items on Amazon after…
Zoom lifts annual forecasts on robust demand amid AI push
By Juby Babu (Reuters) -Zoom Communications raised its annual revenue forecast on Wednesday, benefiting from hybrid work trends and the…
Chime Files for IPO as Revenue Growth Impresses
Silver Demand Is Soaring. Supply Can’t Keep Up. One Firm is in the Right Place. In Today’s News May 31:…
US weighs letting UAE buy over a million advanced Nvidia chips, Bloomberg News reports
(Reuters) – The Trump administration is weighing a deal that would allow the UAE to import more than a million…
Intel has limited customer commitments for latest chip manufacturing tech, CFO says
(Reuters) -The volume of processors Intel is set to produce for external customers using its upcoming manufacturing technology is currently…
Last-ditch lobbying blitz seeks to save Biden’s clean-energy tax credits
By Valerie Volcovici WASHINGTON (Reuters) -U.S. energy industry trade groups have launched a last-minute lobbying blitz to urge Congress members…
Digital banking startup Chime files for US IPO, reveals rise in revenue
(Reuters) -Digital banking fintech firm Chime revealed on Tuesday that its revenue surged in 2024 after making public its filing…