Today: October 05, 2024
Today: October 05, 2024

Latest From Reuters

Business|Political|Technology

Trump Media dismisses auditor BF Borgers amid SEC fraud charges

Former U.S. President Donald Trump's media and technology company said it had replaced its auditor, BF Borgers, after the U.S.

Trump Media dismisses auditor BF Borgers amid SEC fraud charges
Business|Economy|Technology

Synopsys sells software integrity unit for $2.1 billion to PE group

Synopsys said on Monday it would sell its software integrity (SIG) unit to a private-equity group led by Clearlake Capital and Francisco Partners in a $2.1 billion deal, as it shifts its

Synopsys sells software integrity unit for $2.1 billion to PE group
Business|Economy|Technology

Volvo Cars April sales rise on strong EV demand

Volvo Cars' sales rose 27% in April from a year earlier to 65,838 cars, boosted by demand for electric and hybrid vehicles, the Sweden-based group said on Monday.

Volvo Cars April sales rise on strong EV demand
Business|Economy|Environment|Technology

French carmakers target fourfold jump in EV sales by 2027

France's car industry will aim to ramp up electric car sales fourfold by 2027 under a strategy agreement to be signed with the government on Monday, just as the president of China

French carmakers target fourfold jump in EV sales by 2027
Business|Technology

Atos board reported to be meeting Sunday to review takeover bids

The board of French tech firm Atos was due to meet on Sunday evening to consider takeover offers, including one submitted by Czech businessman Daniel Kretinsky, Les Echos and Le

Atos board reported to be meeting Sunday to review takeover bids
Business|Technology

Foxconn reiterates Q2 revenue to grow, posts record April sales

Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and

Foxconn reiterates Q2 revenue to grow, posts record April sales
Business|Technology

EV startup Rivian hires Volvo veteran Varela as operations chief

Rivian Automotive named Javier Varela its chief operating officer on Friday, bolstering its ranks with the Volvo veteran as the electric-vehicle startup expands its production facility

EV startup Rivian hires Volvo veteran Varela as operations chief
Business|Economy|Technology

China's Zeekr seeks up to $5.13 billion valuation in US IPO

Electric vehicle maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to $5.13 billion in its U.S. initial public offering (IPO), the first major

China's Zeekr seeks up to $5.13 billion valuation in US IPO
Business|Technology

Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows

Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company, a regulatory filing showed on Friday.

Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows
Business|Economy|Technology

SVB Financial to sell VC business SVB Capital

Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital.

SVB Financial to sell VC business SVB Capital
Business|Technology

Walmart-backed Ibotta shares surge 33% in strong market debut

Shares of digital marketing firm Ibotta soared 33% on their debut on the New York Stock Exchange on Thursday, giving the Walmart-backed company a

Walmart-backed Ibotta shares surge 33% in strong market debut
Business|Technology|World

Alstom sells North American conventional signalling business for around $670 million

French train manufacturer Alstom has agreed to sell its North American conventional rail signalling business to German rail systems manufacturer Knorr-Bremse AG for around 630 million

Alstom sells North American conventional signalling business for around $670 million
Business|Economy|Technology

Tech giants' market cap falls on AI doubts, high rates; Alphabet, Tesla gain

The market capitalisation of top technology giants fell sharply in April, pressured by diminishing enthusiasm for artificial intelligence and a scaling back of expectations for central

Tech giants' market cap falls on AI doubts, high rates; Alphabet, Tesla gain
Business|Technology

Qualcomm jumps as AI sparks rebound in Chinese smartphone market

Qualcomm shares climbed about 10% to a more than two-year high on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, following a

Qualcomm jumps as AI sparks rebound in Chinese smartphone market
Business|Economy|Technology

Block to add more bitcoin to its treasury, lifts annual forecast

Block lifted its full-year adjusted core earnings forecast on Thursday and revealed plans to add more bitcoin to its balance sheet, as the Jack Dorsey-led firm bets big on the

Block to add more bitcoin to its treasury, lifts annual forecast
Business|Economy|Technology

MercadoLibre net profit surges, driven by Brazil, Mexico

Latin America e-commerce giant MercadoLibre said on Thursday its first-quarter net profit surged 71% from a year earlier, beating analysts' estimates as its performance in Brazil

MercadoLibre net profit surges, driven by Brazil, Mexico
Business|Economy|Technology

Cognizant first-quarter revenue beats estimates on steady spending by clients

Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket

Cognizant first-quarter revenue beats estimates on steady spending by clients
Business|Technology

Spirit Aero says it has a new plan to address Boeing 737 MAX parts demand

Spirit AeroSystems said it has developed a plan that gives it “a high degree of confidence” to meet U.S. planemaker Boeing's rate and quality demands for parts for the

Spirit Aero says it has a new plan to address Boeing 737 MAX parts demand
Business|Economy|Technology

EBay forecasts Q2 revenue below estimates as consumer spending remains strained

Ecommerce firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday, as demand cools for its key product categories like collector's items and auto parts, sending

EBay forecasts Q2 revenue below estimates as consumer spending remains strained
Business|Economy|Technology

US prosecutors examining financial transactions at Block, NBC News reports

U.S. prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter.

US prosecutors examining financial transactions at Block, NBC News reports
Business|Technology

Embraer counters report of new jet, says no major capex plan

Brazilian planemaker Embraer on Wednesday played down a report that it is studying a new jet to compete directly with Boeing and

Embraer counters report of new jet, says no major capex plan
Business|Technology

Garmin's Q1 results beat on strong demand for fitness, auto products

Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and

Garmin's Q1 results beat on strong demand for fitness, auto products
Business|Technology

Huawei's high-profile consumer CEO Richard Yu shifts role

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role
Business|Technology

Microsoft to open first regional data centre in Thailand

Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services.

Microsoft to open first regional data centre in Thailand
Business|Economy|Technology

AT&T beats estimates for subscriber additions, free cash flow

AT&T surpassed Wall Street expectations for first-quarter wireless subscriber additions and free cash flow on Wednesday as more people purchased its higher-tier

AT&T beats estimates for subscriber additions, free cash flow

Follow