Billionaire investor Ackman considering backing Trump in US election, source says
By Carolina Mandl (Reuters) -Billionaire hedge fund manager Bill Ackman is considering endorsing Donald Trump as the former U.S. president…
Author: Wall St Mavens
Best Buy set for tenth straight quarter of sales drop on weak electronics spending
By Ananya Mariam Rajesh and Juveria Tabassum Best Buy is set to post its tenth consecutive quarter of sales decline…
Gemini customers get back over $2 billion in crypto from Genesis bankruptcy
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt crypto lender Genesis and crypto exchange Gemini have returned over $2 billion…
Arm offers new designs, software for AI on smartphones
By Stephen Nellis (Reuters) – Arm Holdings on Wednesday unveiled new chip blueprints and software tools to help smartphones handle…
Meta identifies networks pushing deceptive content likely generated by AI
NEW YORK (Reuters) – Meta said on Wednesday it had found “likely AI-generated” content used deceptively on its Facebook and…
Volkswagen to develop entry-level electric vehicles for 20,000 euros
FRANKFURT (Reuters) -Volkswagen will develop low-cost electric vehicles in a bid to better compete with fierce Chinese rivals, Europe’s largest…
OpenAI sets up safety committee as it starts training new model
(Reuters) -OpenAI has formed a Safety and Security Committee that will be led by board members, including CEO Sam Altman,…
Wall Street braces for faster trade settlement
By Laura Matthews and Carolina Mandl NEW YORK (Reuters) – U.S. trading moves to a shorter settlement on Tuesday, which…
Nasdaq crosses 17,000 mark ahead of inflation test
By Johann M Cherian and Lisa Pauline Mattackal (Reuters) -The Nasdaq breached the 17,000 level for the first time on…
Samsung encouraged to invest more in China, Premier Li Qiang says
BEIJING (Reuters) – Chinese Premier Li Qiang told Samsung Chairman Jay Y. Lee on Sunday that China welcomed further investment…