Robinhood shares drop as growth push takes a toll on Q3 results
(Reuters) – Shares of Robinhood Markets fell nearly 11% before the market open on Thursday after more than doubling in…
Category: Business
Merck third quarter better than expected, but Gardasil sales sag in China again
By Michael Erman (Reuters) – Merck & Co posted higher-than-expected third-quarter earnings on Thursday on strong sales of its blockbuster…
Ford to halt production of F-150 Lightning EV pickup trucks for six weeks
(Reuters) – Ford Motor said on Thursday it will halt production of F-150 Lightning electric vehicle pickup trucks for six…
Amazon workers ‘appalled’ by AWS CEO’s return to office remarks, urge policy reversal
By Greg Bensinger (Reuters) -More than 500 Amazon.com employees sent a letter on Wednesday to the CEO of its AWS…
Exclusive-OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition
By Krystal Hu, Fanny Potkin and Stephen Nellis (Reuters) – OpenAI is working with Broadcom and TSMC to build its…
Goldman Sachs, Morgan Stanley CEOs see more dealmaking in 2025
LONDON (Reuters) – The CEOs of Goldman Sachs and Morgan Stanley said on Tuesday they expected corporate dealmaking to pick…
Startup Untether launches AI chips
By Max A. Cherney SAN FRANCISCO (Reuters) – Startup Untether launched an artificial intelligence chip on Monday that aims to power…
Meta builds AI search engine to cut Google, Bing reliance, the Information reports
(Reuters) -Meta Platforms is working on an artificial intelligence-based search engine as it looks to reduce dependence on Alphabet’s Google…
Volkswagen weighs wage cuts, bonus reductions in push to save 4 billion euros – Handelsblatt
BERLIN (Reuters) – Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10% wage cut…
Alibaba to pay $433.5 million to settle shareholder lawsuit over monopoly claims
(Reuters) – China’s Alibaba said on Friday it had agreed to pay $433.5 million to settle a U.S. class-action lawsuit…