Euro zone inflation dipped further this month, strengthening the case for the European Central Bank to start easing interest rates from record highs later this year, data from some of the euro zone’s biggest economies showed on Thursday.
AMC Entertainment slumped more than 10% on Thursday as the movie industry continued to reel from the impact of twin Hollywood strikes, driving the theater chain to post a larger-than-expected quarterly loss.
Language learning platform Duolingo’s shares surged more than 20% in premarket trading on Thursday as the company forecast better-than-expected 2024 revenue on the back of a shift to online learning and AI integration on the platform.
Futures of Canada’s main stock index edged higher on Thursday as investors digested domestic earnings updates, while lower crude prices and caution ahead of a key U.S. inflation print capped further gains.
The United States is opening an investigation into whether Chinese vehicle imports pose national security risks and could impose restrictions due to concerns about “connected” car technology, the White House said on Thursday.
Major Chinese third-party retailers JD.com , TMall, and Pinduoduo are battling for customers by offering more steep discounts on Apple’s iPhone 15 just five months after launch, as the U.S. tech company suffers slowing sales in China.
C3.ai’s shares jumped about 18% in premarket trading on Thursday after strong demand for AI software helped the company deliver third-quarter results ahead of analyst expectations and firmed its full-year forecast on strong enterprise demand.
Skippy peanut butter maker Hormel Foods topped market expectations for first-quarter sales and profit on Thursday, helped by resilient demand for its high-priced meat products and ready-to-eat meals.
Germany wants Big Tech companies Alphabet , Amazon , Apple , ByteDance, Meta Platforms and Microsoft to contribute towards the compliance costs of new European Union rules aimed at curbing their power, a senior German economy ministry official said on Thursday.
Snowflake shares slid 23% on Thursday after the cloud data storage services provider projected annual revenue below Wall Street estimates and disclosed a surprise retirement of long-time CEO Frank Slootman.
