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Category: Business

Gap shares slide as tariffs loom large over apparel maker’s turnaround plans
Business

Gap shares slide as tariffs loom large over apparel maker’s turnaround plans

By Savyata Mishra (Reuters) – Gap shares fell 20% in early trading on Friday after the Old Navy owner warned…

May 30, 2025
Boeing CEO says he wants to crank up 737 MAX production rate through rest of year
Business

Boeing CEO says he wants to crank up 737 MAX production rate through rest of year

By Dan Catchpole (Reuters) -Boeing aims to increase production of its best-selling 737 MAX jets to 42 aircraft per month…

May 29, 2025
TSMC still evaluating ASML’s ‘High-NA’ as Intel eyes future use
Business

TSMC still evaluating ASML’s ‘High-NA’ as Intel eyes future use

By Nathan Vifflin AMSTERDAM (Reuters) -Taiwan Semiconductor Manufacturing Co (2330.TW), the world’s largest contract chipmaker, is still assessing when it…

May 27, 2025
Musk says he’ll resume working ’24/7′ at his companies, X outage mostly restored
Business

Musk says he’ll resume working ’24/7′ at his companies, X outage mostly restored

(Reuters) – Elon Musk’s social media platform X was largely restored for most users after an outage that impacted tens…

May 25, 2025
Informatica explores sale again, Salesforce among suitors
Business

Informatica explores sale again, Salesforce among suitors

(Reuters) -Informatica is exploring a sale after attracting renewed takeover interest from suitors, including Salesforce, a person familiar with the…

May 25, 2025
Oracle to buy $40 billion of Nvidia chips for OpenAI’s US data center, FT reports
Business

Oracle to buy $40 billion of Nvidia chips for OpenAI’s US data center, FT reports

(Reuters) -Oracle will spend around $40 billion on Nvidia’s higher-performance chips to power OpenAI’s new U.S. data center, the Financial…

May 23, 2025
Apple plans smart glasses launch in 2026, Bloomberg News reports
Business

Apple plans smart glasses launch in 2026, Bloomberg News reports

(Reuters) -Apple plans to release smart glasses at the end of next year, Bloomberg News reported on Thursday, in the…

May 22, 2025
Google faces DOJ probe over Character.AI deal, Bloomberg Law reports
Business

Google faces DOJ probe over Character.AI deal, Bloomberg Law reports

(Reuters) -The U.S. Justice Department is probing whether Alphabet’s Google violated antitrust law in its agreement with Character.AI that allows…

May 22, 2025
Ackman’s hedge fund Pershing Square bets on Amazon, exits Canadian Pacific
Business

Ackman’s hedge fund Pershing Square bets on Amazon, exits Canadian Pacific

By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Bill Ackman told clients on Thursday that his hedge fund bought Amazon…

May 22, 2025
‘Big Short’ investor Michael Burry doubles stake in cosmetics maker Estee Lauder
Business

‘Big Short’ investor Michael Burry doubles stake in cosmetics maker Estee Lauder

By Anuja Bharat Mistry (Reuters) -Michael Burry’s Scion Asset Management has doubled its stake in Estee Lauder, at a time…

May 16, 2025May 16, 2025

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