AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via…
Category: Business
Berkshire’s BofA stake cuts top $6 billion, analysts say Buffett booking profits
By Arasu Kannagi Basil (Reuters) – Berkshire Hathaway has offloaded Bank of America shares worth more than a combined $6…
Chinese electric carmaker BYD denies pause on Mexico plant plans
MEXICO CITY (Reuters) -China’s electric automaker BYD said on Tuesday that it has not postponed “any decision” regarding its planned…
New Fortress Energy receives authorization to export LNG to non-FTA countries
(Reuters) -New Fortress Energy said on Tuesday it has received authorization from the U.S. Department of Energy to export liquefied…
Ulta Beauty lowers annual forecasts on slowing demand for beauty products
(Reuters) -Ulta Beauty cut its annual sales and profit forecasts on Thursday, hurt by slowing demand for higher-priced cosmetics and…
Apple, Nvidia in talks to join OpenAI funding round, media reports say
(Reuters) -Apple and chip giant Nvidia are reportedly in talks to invest in OpenAI as part of a new fundraising…
Lululemon cuts annual forecasts on tepid US demand, rising competition
By Savyata Mishra (Reuters) – Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition…
Meta Platforms strikes geothermal energy deal to power US data centers
-Facebook owner Meta Platforms struck a deal to buy geothermal power from Sage Geosystems to supply its U.S. data centers,…
Tesla can challenge Louisiana direct sales ban, US appeals court rules
(Reuters) – A divided federal appeals court on Monday revived Tesla’s lawsuit challenging Louisiana’s ban on direct vehicle sales to…
Third Point sees room for Apple stock price to climb, letter says
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire hedge fund manager Daniel Loeb sees room for Apple’s stock price to climb,…