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
May 24 (Reuters) – Tina Turner, the American-born singer who left a hardscrabble farming community and abusive relationship to become one of the top recording artists of all time, died on Wednesday at the age of 83. She died peacefully after a long illness in her home in Küsnacht near Zurich, Switzerland, her representative said. … 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
(1/5) The 76th Cannes Film Festival – Screening of the film ‘Asteroid City’ in competition – Red Carpet Arrivals – Cannes, France, May 23, 2023. Director Wes Anderson and cast members Matt Dillon, Scarlett Johansson, Jason Schwartzman, Tom Hanks, Jeffrey Wright and Damien Bonnard pose. REUTERS/Sarah… Learn more CANNES, May 23 (Reuters) – A busload … 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
(1/2) 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
May 22 (Reuters) – Mizuho Financial Group Inc is to buy U.S. mergers and acquisitions advisory firm Greenhill & Co Inc for $550 million including debt, the companies said on Monday. as Japan’s third-largest lender eyes a bigger share of the world’s largest investment banking fee pool. Greenhill shares more than doubled to close at … Read more
May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced it had agreed to sell $2.6 billion in construction home loans at a price reduced in order to improve its balance sheet. PacWest shares rose nearly 20% on the deal, giving the Los Angeles-based bank breathing space … Read more
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