Monster Beverage launches $3 billion stock buyback

Beverage company's chief executive may sell up to about $33 million of stock to provide "flexibility." 


 
Shopify Stock on Track for Record Drop as Revenue Outlook Weakens

While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending. 


 
Uber Swings to Loss Despite Rising Revenue

The ride-hailing company's bottom line, which had at last turned positive last year, was hit by investments and legal settlements. 


 
Tesla Autopilot probe expanded to securities or wire fraud: Reuters

Prosecutors are reviewing whether Telsa or CEO Elon Musk told consumers that self-driving technology means cars can drive themselves. 


 
Bain Pursues Takeover of Education-Software Provider

A deal for PowerSchool could come together in the coming weeks, valuing the software provider at around $6 billion, including debt. 


 
Meta Launches New AI Tools for Advertisers

Meta Platforms is expanding a suite of generative artificial-intelligence tools for use by its advertisers, the company's latest move to integrate AI into its consumer products. 


 
Intel Says U.S. Commerce Department Revokes Licenses for Exports of Certain Items to Chinese Customer

Intel said that the U.S. Department of Commerce revoked certain licenses for exports of certain items to a customer in China. 


 
Campari CEO Bets on Growth in U.S., Asia-Pacific Despite Sector Struggles

Campari Chief Executive Matteo Fantacchiotti said in an interview that the distiller has been focused on growing in the U.S. and Asia-Pacific at a time when other European drinks makers are facing a challenging environment in both markets. 


 
Wells Fargo Hires Ex-JPMorgan Investment-Bank Boss Fernando Rivas

The San Francisco lender is focused on expanding its relatively small investment bank. 


 
Microsoft to Invest Over $3 Billion to Build AI in Wisconsin

The company has been on a global spending spree, trying to build infrastructure and goodwill for artificial intelligence.


(END) Dow Jones Newswires

05-08-24 1115ET