By Yimou Lee and Faith Hung TAIPEI (Reuters) -TSMC, the world’s largest chipmaker and a major Apple and Nvidia supplier,…
Biden – and steelmakers – promise U.S. Steel will stay American
By Steve Holland PITTSBURGH (Reuters) -U.S. Steel and Japanese buyer Nippon Steel said the Pittsburgh-based firm will remain an “iconic…
Stock correlations tick up as Wall Street extends declines
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A stock market correlation index hit a near four-month high on Wednesday,…
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…
Trump Media shares tank after filing shows more stock may be sold
By Echo Wang (Reuters) -Shares of Donald Trump’s social media company slumped 18% on Monday, extending losses since the stock’s…
Big banks led by Citi continue to trim staff to cut costs
By Niket Nishant and Manya Saini (Reuters) -U.S. banking giants continued to shed employees in the first quarter, with Citigroup…
Bank of America profit hurt by losses on credit cards, office loans
By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) -Bank of America shares on Tuesday fell more than 3% after…
Wall Street bosses cheer investment banking gains but stay cautious
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Wall Street’s bosses are finally seeing signs of a broader…
Tesla laying off more than 10% of staff globally as sales fall
By Victoria Waldersee BERLIN (Reuters) -Tesla is laying off more than 10% of its global workforce, an internal memo seen…