Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
GlobalFoundries forecasts upbeat second quarter on data center demand
May 5 (Reuters) - Specialty chipmaker GlobalFoundries forecast second-quarter revenue above Wall Street expectations on Tuesday, driven by acceleration in data center deployments globally. Shares of t...
May 05, 2026
Meta to expand tech safeguards for teens in Europe, US Facebook users
By Foo Yun Chee BRUSSELS, May 5 (Reuters) - Meta Platforms will expand safeguards for teen accounts to 27 European Union countries and to Facebook in the United States, the U.S. tech giant said on Tue...
May 05, 2026
Crypto exchange Coinbase to cut about 14% of workforce in AI-driven restructuring
By Prakhar Srivastava and Pragyan Kalita May 5 (Reuters) - Coinbase said on Tuesday it would cut about 700 jobs, or about 14% of its global workforce, as it trims costs amid crypto market volatility a...
May 05, 2026
PayPal touts turnaround plan after results beat fails to impress
By Utkarsh Shetti May 5 (Reuters) - PayPal's new CEO Enrique Lores outlined a plan to streamline its organizational structure and reduce costs after the digital payments firm's first-quarter results l...
May 05, 2026
Brazil's consumer debt relief plan won't jeopardize rate-cut cycle, finance minister says
BRASILIA, May 5 (Reuters) - Brazil's finance minister Dario Durigan said the government's relaunched consumer debt relief program won't provide enough stimulus to derail the current monetary easing cy...
May 05, 2026
Thomson Reuters reaffirms forecasts, highlights 'fiduciary-grade AI' demand
By Kenneth Li and Aditya Soni NEW YORK, May 5 (Reuters) - Thomson Reuters reported a double-digit first-quarter revenue rise on Tuesday, boosted by gains in its "Big 3" business segments of legal prof...
May 05, 2026
KKR profit beats forecasts as deals speed up, assets grow
By Isla Binnie and Pritam Biswas May 5 (Reuters) - KKR raked in higher fees from managing a growing pile of assets and made more money from deals, pushing its first-quarter earnings ahead of Wall Stre...
May 05, 2026
Harley-Davidson bets on affordable models, dealer network in latest turnaround effort
By Nathan Gomes May 5 (Reuters) - Harley-Davidson outlined a new strategy on Tuesday focused on lower-priced motorcycles and its dealer network to help shore up volumes, under new top boss Artie Starr...
May 05, 2026
Defense contractor Leidos raises 2026 forecast on strong demand
May 5 (Reuters) - Defense contractor Leidos Holdings raised its profit and revenue forecast for 2026 on Tuesday, betting on strong demand for its IT and military intelligence services. Efforts by the ...
May 05, 2026
Morning Bid: Gulf singe, AI binge
By Mike Dolan May 5 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Gulf tensions flared on Monday as U.S. attempts to shepherd ships thro...
May 05, 2026
