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…
Apple set for big sales decline as investors await AI in iPhones
By Yuvraj Malik (Reuters) -Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial…
KFC parent Yum reports surprise drop in global same-store sales on weak demand
By Juveria Tabassum (Reuters) -Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand…
Mastercard’s profit beats as consumer spending defies inflation worries
By Mehnaz Yasmin (Reuters) -Mastercard reported first-quarter profit that exceeded Wall Street expectations on Wednesday, on higher card spending by…
‘Bitcoin Jesus’ arrested in Spain on US tax evasion charges
By Nate Raymond (Reuters) – An early investor in bitcoins dubbed the “Bitcoin Jesus” has been arrested in Spain on…
Super Micro misses quarterly revenue estimates as inventory up, shares down 14%
By Akash Sriram and Stephen Nellis (Reuters) -Artificial intelligence server maker Super Micro Computer reported third-quarter revenue below estimates on…
Trump raises stake in his media firm to nearly 65%
(Reuters) – Donald Trump has raised his stake in the company that operates his social media app Truth Social to…
Graphite miners lobby US govt to impose levy on China-sourced EV material
By Divya Rajagopal TORONTO (Reuters) – North American graphite miners are lobbying the US government to impose a 25% tariff…
Boeing taps debt market to raise $10 billion, sources say
By Allison Lampert, Matt Tracy and Shankar Ramakrishnan (Reuters) -Boeing on Monday tapped debt markets to raise $10 billion, after…
Tesla’s California registrations down second quarter in a row, dealer data shows
(Reuters) – Registrations of Tesla vehicles in California fell about 8% in the first quarter of 2024 for the second…