‘Crowded’ megacap trade in US stocks awaits earnings test
By Lewis Krauskopf NEW YORK (Reuters) -Next week’s earnings reports from some of the market’s biggest technology and growth companies…
Category: Business
Tesla Semi trucks in short supply for PepsiCo as its rivals use competing EV big rigs
By Jessica DiNapoli NEW YORK (Reuters) – Key Tesla customer PepsiCo made initial payments for 100 Tesla Semis in 2017,…
Google scraps minimum wage, benefits rules for suppliers and staffing firms
By Daniel Wiessner (Reuters) – Alphabet Inc’s Google on Friday said it will roll back requirements that U.S. suppliers and…
Apple’s offer to open up tap-and-go tech to be approved by EU next month, sources say
By Foo Yun Chee BRUSSELS (Reuters) – Apple’s offer to open its tap-and-go mobile payments system to rivals is set…
U.S. Steel deal security review to proceed normally, White House says
By Trevor Hunnicutt and Doina Chiacu WASHINGTON (Reuters) -Any national-security review of the deal for Japan’s Nippon Steel to acquire…
Google consolidates its DeepMind and Research teams amid AI push
(Reuters) – Alphabet-owned Google said on Thursday it would consolidate teams that focus on building artificial intelligence models across its…
TSMC expects Q2 sales to jump on ‘insatiable’ AI demand
By Yimou Lee and Faith Hung TAIPEI (Reuters) -TSMC, the world’s largest chipmaker and a major Apple and Nvidia supplier,…
Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say
By Foo Yun Chee and Yuvraj Malik (Reuters) -EU antitrust regulators have concluded that Microsoft’s $13 billion investment into OpenAI…
Google lays off employees, shifts some roles abroad amid cost cuts
(Reuters) – Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the…
Morning Bid: Powell dashes easing hopes, markets dented again
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia hoping for some…