Thursday, 26 May 2022

WeWork appoints Andre Fernandez as CFO

WeWork appoints Andre Fernandez as CFO

Flexible workspace provider WeWork Inc on Thursday appointed Andre Fernandez as its chief financial officer (CFO), replacing Benjamin Dunham.

Deere tapping into Apple-like tech model to drive revenue

Deere & Co has sold its tractors and other equipment to farmers for decades, but the world's largest agriculture machinery manufacturer is tearing a page from the technology world's playbook - combining cutting-edge hardware with software and subscription models to drive revenue growth.

Dollar Tree raises annual sales outlook

Dollar Tree Inc increased its sales forecast for the year on Thursday benefiting from more Americans turning to discount stores as record high inflation depletes their spending power.

Morning Bid: The R word

A look at the day ahead in markets from Sujata Rao

Joby receives FAA nod to start air taxi services commercially

Joby Aviation Inc said on Thursday it had received a certification from the Federal Aviation Administration (FAA) that would allow it to kick start its air-taxi operations commercially.

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Sponsored by Rohde & Schwarz: 6G: vision or reality?

Rohde & Schwarz shapes tomorrow's wireless communications beyond 5G. From sci-fi to reality, the T&M expert takes connectivity to the next level.

Read the full story now

Britain's shrunken workforce hampers COVID recovery

Britain's economy regained its pre-COVID size late last year, but in one crucial way it has not recovered: there are 400,000 fewer workers than at the start of the pandemic.

Alibaba beats revenue estimates on demand for niche China shopping services

Alibaba Group Holding Ltd , on Thursday beat expectations for fourth-quarter revenue, as growing demand for some of its niche online shopping services in China offset weakness at its main marketplaces caused by the country's COVID-19 lockdowns.

Chipmaker Broadcom to buy cloud services firm VMware in $61 bln deal

Chipmaker Broadcom Inc is buying cloud services provider VMware Inc in a cash-and-stock deal valued at $61 billion to speed up its expansion into the enterprise software business.

S&P, Dow futures edge higher ahead of GDP data; Nvidia slides

Futures tracking the Dow and S&P 500 rose on Thursday, ahead of data that will likely offer clues on how the U.S. economy fared amid persistently high inflation, while shares of Nvidia fell after the chipmaker's dismal outlook.

Dollar General raises sales forecast as Americans turn to cheaper shopping

Dollar General Corp raised its sales forecast for the year on Thursday, as more Americans turn to discount store shopping with inflation at a four-decade high.

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