HANOI, May 25 (Reuters) – Vietnamese electric vehicle (EV) maker VinFast said it was recalling all the first batches of vehicles it shipped to the United States last year following a warning safety certificates issued by the American authorities. The move came after the US National Highway Traffic Safety Administration (NHTSA) said 999 of VinFast’s … Read more
May 24 (Reuters) – Nvidia Corp (NVDA.O) on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it was increasing supply to meet demand. growing demand for its artificial intelligence chips, which are used for power ChatGPT and many similar services. Shares of Nvidia, the world’s most valuable listed semiconductor company, … Read more
Launch of a new round of negotiations on the debt ceiling Citigroup abandons sale of units in Mexico Agilent falls on lower annual forecast Indices down: Dow 0.82%, S&P 0.89%, Nasdaq 0.94% May 24 (Reuters) – Major Wall Street indexes fell on Wednesday as talks between the White House and Republican representatives on raising the … Read more
NEW YORK, May 24 (Reuters) – Meta Platforms Inc (META.O) carried out the latest batch of three-part layoffs on Wednesday, according to a person familiar with the matter, as part of a plan announced in March . eliminate 10,000 roles. Meta earlier this year became the first Big Tech company to announce a second round … Read more
May 24 (Reuters) – Kohl’s Corp (KSS.N) reported a surprise profit on Wednesday as its new CEO’s efforts to turn around the company that saw its margins slump last year began yielding results, pushing shares of the department store chain up 19%. The company also stuck to its full-year targets, though it saw a bigger-than-expected … Read more
May 23 (Reuters) – UBS Group AG (UBSG.S) said on Tuesday it was negotiating with Swiss authorities over loss protections related to its takeover of Credit Suisse Group AG (CSGN.S) and its demands capital regulations. The disclosure underscores how aspects of the merger between the two banks, hastily arranged over a weekend in mid-March by … Read more
WASHINGTON, May 23 (Reuters) – Richard Branson’s bankrupt satellite launch company Virgin Orbit revealed on Tuesday that it was closing for good after a $36.4 million sale of assets, including a agreement to sell most of its Long Beach, Calif., headquarters to small launch company Rocket Lab USA Inc. (RKLB.O) Rocket Lab, the veteran small-rocket … Read more
May 23 (Reuters) – Shutterstock Inc (SSTK.N) said on Tuesday it would buy motion-picture platform Giphy Inc from Meta Platforms Inc (META.O) for $53 million in cash, months after that the Facebook owner has agreed to divest the company over competition concerns. Last year, the UK competition regulator ordered Meta to sell Giphy over concerns … Read more
(1/11) A climate activist is sacked after disrupting Shell’s annual general meeting in London, Britain May 23, 2023. REUTERS/Ron Bousso GA delayed by protests Climate activist resolution wins 20% of votes LONDON, May 23 (Reuters) – Security personnel shielded Shell (SHEL.L) chief executive Wael Sawan and company directors as climate protesters tried to take to … Read more
(1/2) Small figurines are seen in front of the Zoom logo displayed in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration May 22 (Reuters) – Zoom Video Communications Inc (ZM.O) raised its full-year revenue and profit forecast on Monday, even as growth slows after a pandemic boom and business spending slows in a difficult economy. … Read more
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