By Nandita Bose, David Lawder and Michael Martina WASHINGTON (Reuters) -U.S. President Joe Biden sought to manage tensions over the…
Alibaba makes second biggest ever quarterly share repurchase worth $4.8 billion
(Corrects headline and text to say buyback is second biggest, not the biggest) (Reuters) – Chinese e-commerce giant Alibaba Group…
Payroll processor Paychex misses revenue estimates on weak client spending
(Reuters) – Paychex missed Wall Street estimates for third-quarter revenue on Tuesday, hurt by sluggish client spending on its human…
BYD hands back top EV seller title to Tesla after Q1 sales decline
BEIJING (Reuters) -BYD, China’s biggest electric vehicle (EV) maker, reported first quarter 2024 sales fell 43% compared to the fourth…
Gold rallies, stocks ease as rate cut optimism fades
By Herbert Lash and Kevin Buckland NEW YORK/TOKYO (Reuters) – Gold prices hit fresh all-time peaks on Monday with stocks…
AT&T says leaked data set impacts about 73 million current, former account holders
(Reuters) -Telecom company AT&T said on Saturday that it is investigating a data set released on the “dark web” about…
US pump prices set to climb on Russian refinery outages
By Shariq Khan and Laura Sanicola (Reuters) – Gasoline prices for U.S. motorists could jump by as much as 15…
OpenAI removes Sam Altman’s ownership of its Startup Fund
By Krystal Hu (Reuters) – OpenAI has changed the governance structure of its venture capital fund that backs AI startups,…
China’s forecast-beating economic data buys officials time to figure out fix
By Joe Cash BEIJING (Reuters) – China’s $18.6 trillion economy has skirted some near-term downside risks as suggested by recent…
China’s March factory activity expands for first time in six months
SHENZHEN, China (Reuters) -China’s manufacturing activity expanded for the first time in six months in March, an official factory survey…