Explainer-Why are meme stocks rallying again?
By Sruthi Shankar and Medha Singh (Reuters) – GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of…
Category: Business
BYD to nail down Mexico plant site by year-end, Americas head says
MEXICO CITY (Reuters) – Chinese electric auto maker BYD expects to have chosen a site to build a plant in…
Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports
(Reuters) -Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion…
Anglo American rejects BHP’s revised $42.7 billion buyout proposal
By Clara Denina LONDON (Reuters) -Anglo American rejected a raised takeover offer of 34 billion pounds ($42.67 billion) from BHP…
OpenAI unveils new AI model as competition intensifies
By Anna Tong and Akash Sriram (Reuters) -ChatGPT maker OpenAI said on Monday it would release a new AI model…
Meta exploring AI-assisted earbuds with cameras, The Information reports
(Reuters) – Meta Platforms is exploring making earphones powered by artificial intelligence with cameras, The Information reported on Monday citing…
Oil prices settle up on demand optimism, US inflation in focus
By Shariq Khan NEW YORK (Reuters) -Oil prices rose on Monday, as signs of improving demand in the U.S. and…
Chinese e-commerce giants face delicate balance between discounts, profit
By Casey Hall SHANGHAI (Reuters) – Quarterly earnings reports from Chinese e-commerce giants Alibaba and JD.com this week will be…
French presidency: Amazon to announce new 1.2 billion euros investment in France
PARIS (Reuters) – U.S. internet giant Amazon will announce a new 1.2 billion euros ($1.3 billion) investment in France, the…
South Korea prepares support package worth over $7 billion for chip industry
SEOUL (Reuters) – South Korea is readying plans for a support package for chip investments and research worth more than…