Today: October 04, 2024
Today: October 04, 2024

Latest From Reuters

Business|Finance|Technology

Intel shares slump 26% as turnaround struggle deepens

Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a

Intel shares slump 26% as turnaround struggle deepens
Business|Technology

Tesla's China-made EV sales rise 15.3% y/y in July

U.S. automaker Tesla's sales of China-made electric vehicles rose 15.3% from a year earlier to 74,117 units in July, data from the China Passenger Car Association (CPCA) showed on

Tesla's China-made EV sales rise 15.3% y/y in July
Asia|Business|Technology

Tesla registers insurance brokerage in China, national corporate database shows

Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database, in a sign that the U.S. automaker may be trying again to

Tesla registers insurance brokerage in China, national corporate database shows
Business|Europe|Technology

Volvo Cars' July sales rise 6% driven by European EVs

Volvo Cars' sales rose 6% year-on-year in July to 57,447 cars, driven by an increase in fully electric vehicles in Europe, the Sweden-based automaker said on Friday.

Volvo Cars' July sales rise 6% driven by European EVs
Business|Finance|Stock Markets|Technology

Amazon shares drop on slowing online sales growth

Shares of Amazon.com fell more than 12% on Friday after the company reported slowing online sales growth in the second quarter and said consumers were seeking out cheaper

Amazon shares drop on slowing online sales growth
Business|Finance|Technology

Nvidia shares fall 2% in Frankfurt after media report of US probe

Nvidia shares fell 2.3% in Frankfurt on Friday, following media reports of the U.S. government launching an antitrust probe into the company following complaints from rival

Nvidia shares fall 2% in Frankfurt after media report of US probe
Asia|Business|Technology

Audi's new China EV series won't have signature four-ring logo, sources say

Audi's new electric cars series developed in China for the Chinese market will not sport its four-ring logo, two people with direct knowledge of the plans said.

Audi's new China EV series won't have signature four-ring logo, sources say
Business|Finance|Technology

Motorola Solutions raises annual revenue and profit above estimates on strong demand for its security services

Motorola Solutions raised its full-year revenue and profit forecast and beat quarterly results on Thursday, as it sees robust demand for its safety and enterprise security services.

Motorola Solutions raises annual revenue and profit above estimates on strong demand for its security services
Business|Economy|Technology

Snap forecasts weak revenue as big rivals threaten growth, shares slide

Snap forecast current-quarter results below expectations on Thursday as the Snapchat owner grapples with stiff competition from larger rivals for advertising dollars in an

Snap forecasts weak revenue as big rivals threaten growth, shares slide
Business|Economy|Finance|Technology

Coinbase's second-quarter revenue surges on crypto trading revival

Coinbase reported a surge in second-quarter revenue on Thursday as trading volumes at the crypto exchange roared back to life thanks to market euphoria over easing regulatory roadblocks.

Coinbase's second-quarter revenue surges on crypto trading revival
Business|Entertainment|Technology

Roku's quarterly revenue beats estimates on ad strength

Roku beat Wall Street estimates for second-quarter revenue and posted smaller-than-expected loss on Thursday, benefiting from strong ad sales and

Roku's quarterly revenue beats estimates on ad strength
Economy|Finance|Stock Markets|Technology

Chip index collapses 7% as Arm punctures AI optimism

U.S. chip stocks plummeted on Thursday in their worst day since 2020 after a conservative forecast from Arm Holdings dampened investor optimism about artificial

Chip index collapses 7% as Arm punctures AI optimism
Business|Technology

Apple asks US judge to toss antitrust lawsuit

Apple on Thursday asked a U.S. judge to dismiss a lawsuit by federal and state antitrust regulators accusing it of illegally monopolizing the smartphone market, saying the

Apple asks US judge to toss antitrust lawsuit
Business|Finance|Stock Markets|Technology

Tech giants faced major market cap drop in July on earnings worries

Global mega tech companies' market capitalisation dropped sharply in July, in response to disappointing quarterly results and concerns over high valuations, prompting investors to shift

Tech giants faced major market cap drop in July on earnings worries
Entertainment|Technology

Former CNN anchor Lemon sues Musk over canceled X deal

Former CNN anchor Don Lemon filed a lawsuit against Elon Musk on Thursday, months after a partnership with the X social media platform was scrapped claiming the X owner unfairly

Former CNN anchor Lemon sues Musk over canceled X deal
Business|Finance|Technology

AI chipmaker Cerebras confidentially files for US IPO

Artificial intelligence chipmaker Cerebras Systems has confidentially filed for an initial public offering in the United States as it prepares to challenge industry heavyweight Nvidia.

AI chipmaker Cerebras confidentially files for US IPO
Business|Entertainment|Sports|Technology

Fox, Disney, Warner Bros Discovery's sports-streaming JV priced at $42.99/month

Venu Sports, the streaming service formed by Walt Disney, Fox and Warner Bros Discovery, will be priced at $42.99 per month with a seven-day free trial, it said on Thursday.

Fox, Disney, Warner Bros Discovery's sports-streaming JV priced at $42.99/month
Business|Economy|Technology

EU approves Hewlett Packard Enterprise's $14 billion Juniper deal

The EU Commission on Thursday said it had unconditionally approved the $14 billion takeover of networking gear maker Juniper Networks by Hewlett Packard Enterprise.

EU approves Hewlett Packard Enterprise's $14 billion Juniper deal
Asia|Business|Technology

Japan's Nissan, Honda to jointly research software, start talks with Mitsubishi

Japanese automakers Nissan Motor and Honda Motor have agreed to conduct joint research into technologies for a next-generation software platform, they said in a joint statement on

Japan's Nissan, Honda to jointly research software, start talks with Mitsubishi
Business|Economy|Technology

23andMe CEO Wojcicki makes offer to take the firm private, filing shows

23andMe co-founder and chief executive Anne Wojcicki made a non-binding proposal to the board to acquire all of the company's outstanding shares not already owned by her or her affiliates

23andMe CEO Wojcicki makes offer to take the firm private, filing shows
Business|Finance|Technology

Lam Research forecasts quarterly revenue above estimates fueled by AI boom

Chip-making tools supplier Lam Research forecast September quarter revenue above Wall Street estimates on Wednesday, anticipating a surge in orders from chip firms amid the AI boom.

Lam Research forecasts quarterly revenue above estimates fueled by AI boom
Business|Technology

Cognizant raises full year revenue forecast, beats Q2 results estimates

Cognizant Technology Solutions raised its annual revenue forecast and and beat second-quarter results estimates on Wednesday, aided by businesses turning to the IT services provider to

Cognizant raises full year revenue forecast, beats Q2 results estimates
Business|Technology

Chipmaker Qualcomm forecasts upbeat revenue, warns of trade-curb impact

Chipmaker Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for high-end Android devices and the need for more

Chipmaker Qualcomm forecasts upbeat revenue, warns of trade-curb impact
Americas|Asia|Technology

US mulls new curbs on China's access to AI memory chips, Bloomberg News says

The U.S. is considering unilateral restrictions on China's access to AI memory chips such as those made by Micron Technology and SK Hynix and equipment capable of making such semiconductors

US mulls new curbs on China's access to AI memory chips, Bloomberg News says
Business|Europe|Technology

Italy's Bending Spoons buys file sharing service WeTransfer

Italian app developer Bending Spoons has bought file-sharing platform WeTransfer, the companies said in a joint statement on Wednesday, as the Milan-based tech company presses ahead

Italy's Bending Spoons buys file sharing service WeTransfer

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