Tesla lays off more staff in software, service teams, Electrek reports
(Reuters) -Electric-vehicle maker Tesla has laid off staff from the software, service and engineering departments, tech publication Electrek reported on…
Category: Business
Microsoft readies new AI model to compete with Google, OpenAI, The Information reports
(Reuters) -Microsoft is training a new, in-house AI language model large enough to compete with those from Alphabet’s Google and…
Buffett says Berkshire in good hands, lauds Apple despite lowering stake
By Jonathan Stempel and Koh Gui Qing OMAHA, Nebraska (Reuters) -Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the…
Berkshire pares huge Apple stake as cash, operating profit set records
By Jonathan Stempel OMAHA, Neb. (Reuters) – Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter,…
Fed’s Williams says 2% inflation target ‘critical’
By Ann Saphir PALO ALTO, California (Reuters) -The U.S. central bank’s 2% target for inflation is key to achieving price…
Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows
(Reuters) – Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company,…
US small caps struggle as elevated interest rates take a toll
By David Randall NEW YORK (Reuters) – The prospect of interest rates remaining elevated as the Federal Reserve battles inflation…
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
(Reuters) -Rivian Automotive said on Thursday it has received $827 million in an incentive package from the State of Illinois…
US labor market still tight; productivity falters in first quarter
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits held steady at a low…
Exclusive-Tesla retreats from next-generation ‘gigacasting’ manufacturing process
By Norihiko Shirouzu and Giulio Piovaccari AUSTIN, Texas (Reuters) – Tesla has backed away from an ambitious plan for innovations…