Shares of Expedia plunged 13% in premarket trading on Friday after the online travel firm said it expects 2024 revenue growth rates to moderate, as air fares soften from their post-pandemic highs.
Pinterest dropped over 9% on Friday after its first-quarter revenue forecast came in a touch below investor expectations, signaling smaller social media platforms could be losing the battle to bigger players for ad dollars.
Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company’s plans.
Investors dumped U.S. and real estate shares and bought Chinese stocks in the week to Wednesday, a report from Bank of America citing data from EPFR said on Friday, saying the China flows were likely driven by Chinese public funds.
Hyundai Motor has appointed investment bankers JPMorgan and Citi to advise on its at least $3 billion India IPO, accelerating listing plans in the world’s third-largest auto market, sources with direct knowledge said.
French carmaker Renault and Chinese rival Geely expect to finalise a deal on their planned combustion and hybrid engines joint venture towards the end of February, two sources close to the matter told Reuters.
Pipeline operator Enbridge missed fourth-quarter profit estimates on Friday, hurt by lower tolls related to its Mainline crude pipeline system and a decrease in earnings from the company’s gas segment.
Walt Disney is harnessing artificial intelligence to power a new advertising tool that will help brands tailor their commercials to fit the mood of specific scenes within a movie or television series.
Easy Trip Planners , one of India’s top online travel aggregators, posted its slowest-ever quarterly revenue growth as bookings dropped during a seasonally strong holiday quarter, for which rival MakeMyTrip posted record-high bookings.
Airbus has begun notifying airlines of a new bout of delivery delays, pushing back some deliveries previously scheduled for late 2024 and parts of 2025 by several months amid ongoing supply problems, industry sources said on Friday.
