Business

ConocoPhillips targets $1 billion cost cuts in 2026, profit misses on weaker oil prices

Thursday, February 5 by SRN News

By Pooja Menon Feb 5 (Reuters) - ConocoPhillips said on Thursday it aims to cut capital and operating costs by $1 billion in 2026, after the U.S. oil and gas producer missed Wall Street estimates for fourth-quarter profit due to weaker crude prices. Oil producers... Read More.

Falling tech stocks and a plunge for bitcoin hit Wall Street

Thursday, February 5 by SRN News

NEW YORK (AP) - Sharp drops hit Wall Street on Thursday as technology stocks fell and bitcoin plunged again to roughly half its record price set last fall. Several discouraging reports on the U.S. job market also knocked down yields in the bond market. The... Read More.

News Corp beats quarterly revenue estimates on growth in Dow Jones unit

Thursday, February 5 by SRN News

Feb 5 (Reuters) - News Corp beat Wall Street estimates for second-quarter revenue on Thursday, bolstered by growth in its Dow Jones, digital real estate and book publishing units. The results indicate that growth in high-margin digital subscriptions at its Dow Jones division, which includes... Read More.

Reddit forecasts revenue above estimates as AI fuels ad sales

Thursday, February 5 by SRN News

By Jaspreet Singh Feb 5 (Reuters) - Reddit forecast first-quarter revenue above analysts' estimates on Thursday, as artificial intelligence-powered enhancements to its ad platform help the social media platform draw more marketers. Shares of the company rose around 2% in extended trading after it also announced... Read More.

Coty shifts focus to core brands under new CEO, withdraws full-year outlook

Thursday, February 5 by SRN News

By Neil J Kanatt and Alexander Marrow Feb 5 (Reuters) - CoverGirl owner Coty withdrew its full-year guidance on Thursday as it launched a strategic focus on core brands, with new interim CEO Markus Strobel calling for improved discipline and execution to turn around sluggish... Read More.

Freight train derails in Connecticut, sending cars carrying liquid propane into river

Thursday, February 5 by SRN News

MANSFIELD, Conn. (AP) - A freight train derailed Thursday in Connecticut, sending cars carrying flammable liquid propane into the water, though officials say they don't appear to be leaking. Local and state officials said the derailment happened around 9 a.m. in Mansfield, near where... Read More.

Trading Day: AI, crypto routs deepen

Thursday, February 5 by SRN News

By Jamie McGeever ORLANDO, Florida, Feb 5 (Reuters) - The tech-fueled stock market selloff snowballed on Thursday and slammed the Nasdaq to its lowest since November, while precious metals prices and bitcoin tanked, as worries over companies' massive AI capex spending and the U.S. job... Read More.

OpenAI unveils AI agent service as part of push to attract businesses

Thursday, February 5 by SRN News

By Deepa Seetharaman SAN FRANCISCO, Feb 5 - Your next coworker might be generated by AI. OpenAI on Thursday said it is launching a service, called Frontier, for companies to build and manage so-called artificial-intelligence agents, or AI tools that can complete specific tasks,... Read More.

Anthropic, OpenAI rivalry spills into new Super Bowl ads as both fight to win over AI users

Thursday, February 5 by SRN News

The two artificial intelligence startups behind rival chatbots ChatGPT and Claude are bracing for an existential showdown this year as both need to prove they can grow a business that will make more money than they're losing. The fiercest competition between the two AI developers,... Read More.

US applications for jobless benefits jump by 22,000 to 231,000 last week, the most in 2 months.

Thursday, February 5 by SRN News

WASHINGTON (AP) - The number of Americans applying for unemployment benefits jumped last week but remains in the same historically low range of the past few years. Applications for jobless aid for the week ending Jan. 31 rose by 22,000 to 231,000 from the previous... Read More.

Current Weather

ConocoPhillips targets $1 billion cost cuts in 2026, profit misses on weaker oil prices

Falling tech stocks and a plunge for bitcoin hit Wall Street

News Corp beats quarterly revenue estimates on growth in Dow Jones unit

Reddit forecasts revenue above estimates as AI fuels ad sales

Coty shifts focus to core brands under new CEO, withdraws full-year outlook

Freight train derails in Connecticut, sending cars carrying liquid propane into river

Trading Day: AI, crypto routs deepen

OpenAI unveils AI agent service as part of push to attract businesses

Anthropic, OpenAI rivalry spills into new Super Bowl ads as both fight to win over AI users

US applications for jobless benefits jump by 22,000 to 231,000 last week, the most in 2 months.

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