Shift to electric vehicles will have far-reaching impact, IMF says
(Reuters) – The global transition toward electric vehicles will have “far-reaching” impacts on investment, production, international trade and employment, the…
Category: Business
U.S. to soon curb AI investment in China
By Karen Freifeld (Reuters) – U.S. rules that will ban certain U.S. investments in artificial intelligence in China are under…
Activist Elliott, Southwest Airlines to begin settlement discussions, Bloomberg News reports
(Reuters) -Elliott Investment Management and Southwest Airlines have begun discussing a potential settlement that would avoid a proxy fight for…
Boeing exploring asset sales to boost finances, WSJ reports
(Reuters) – Boeing is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or…
CVS replaces CEO, pulls profit forecast as investor pressure mounts
(Reuters) -CVS Health replaced CEO Karen Lynch with company veteran David Joyner on Friday and withdrew its 2024 profit forecast,…
Meta releases AI model that can check other AI models’ work
By Katie Paul NEW YORK – Facebook owner Meta said on Friday it was releasing a batch of new AI…
Netflix rises on strong subscriber growth, bets on higher customer sign-ups
(Reuters) – Netflix shares rose 5.2% in premarket trading on Friday, after the streaming giant topped Wall Street estimates for…
Netflix beats earnings targets with 5 million new customers
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Netflix picked up 5.1 million streaming subscribers in the third quarter,…
Intel, AMD team up to confront rising challenge from Arm
By Stephen Nellis (Reuters) – Intel and Advanced Micro Devices on Tuesday said they are forming a group to help…
Oil prices fall by more than a $1 on Chinese economic data
BEIJING (Reuters) – Oil prices fell by a dollar in early Asian trading on Monday after disappointing Chinese inflation data…