AI frenzy puts Nvidia briefly ahead of Amazon in market value
(Reuters) -Nvidia briefly surpassed Amazon.com Inc in market capitalization on Monday, as the euphoria around artificial intelligence catapulted the chipmaker…
Build-A-Bear, maker of Warren Buffett’s Squishmallows face off in court
By Jonathan Stempel NEW YORK (Reuters) – Warren Buffett is taking on Build-A-Bear. Jazwares, the Berkshire Hathaway-owned maker of the…
Tesla asks which jobs are critical, stoking layoff fears – Bloomberg News
(Reuters) -Tesla managers have been asked whether each of their employees’ positions were critical, stoking layoff fears in the company,…
Crypto ransom attack payments hit record $1 billion in 2023 – Chainalysis
By Medha Singh (Reuters) -Payments from crypto-related ransom attacks nearly doubled to a record $1 billion in 2023, blockchain analytics…
CVS cuts 2024 profit forecast as medical care drives costs higher
By Sriparna Roy and Leroy Leo (Reuters) -CVS Health lowered its adjusted profit forecast for 2024 on Wednesday after an…
Ant Group quarterly profit falls 92% on year to 24.5 million yuan
SHANGHAI (Reuters) – China’s Ant Group made net profit of 24.5 million yuan ($3.41 million) in the three months to…
Fed’s Mester open to rate cuts if it’s clear inflation is easing further
By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that if the U.S.…
EU agrees path to compete in clean tech production
By Philip Blenkinsop BRUSSELS (Reuters) -European Union policymakers agreed new rules on Tuesday to promote local production of equipment for…
Energy heavyweights push European shares higher; Germany’s DAX hits fresh record high
By Sruthi Shankar and Shashwat Chauhan (Reuters) -European stocks advanced on Tuesday as bumper earnings from BP and higher crude…
Toyota to invest $1.3 billion in Kentucky facility for new electric SUV
(Reuters) -Toyota said on Tuesday it would invest $1.3 billion at its Kentucky facility for electrification efforts, including assembly of…