By Ananya Mariam Rajesh and Nicholas P. Brown (Reuters) -Nike shares fell more than 9% to their lowest since the…
US oil and gas rigs rise for first time in three weeks, Baker Hughes says
By Scott DiSavino (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time…
Barclays beats two lawsuits in US over $17.7 billion issuance blunder
(Reuters) – Barclays won the dismissal on Friday of two U.S. securities fraud lawsuits stemming from the British bank’s unauthorized…
Cryptocurrency exchange Kraken to buy NinjaTrader for $1.5 billion
By Prakhar Srivastava (Reuters) -Kraken, one of the world’s largest cryptocurrency exchanges, said on Thursday it would buy retail futures…
Nvidia-backed CoreWeave targets up to $32 billion valuation in test for AI IPOs
By Manya Saini and Niket Nishant (Reuters) -CoreWeave is targeting a valuation of up to $32 billion on a fully…
Temu-owner PDD Holdings’ revenues hit by intense China competition and challenges abroad
By Deborah Mary Sophia and Casey Hall (Reuters) – PDD Holdings, which operates e-commerce platforms Pinduoduo and Temu, missed market…
Tesla recalls most Cybertrucks due to trim detaching from vehicle
By David Shepardson, Arsheeya Bajwa and Akash Sriram WASHINGTON (Reuters) -Tesla is recalling roughly all Cybertrucks in the United States…
Apple shakes up AI executive ranks in bid to turn around Siri, Bloomberg News reports
(Reuters) – Apple is shaking up its executive ranks to get its AI efforts back on track after months of…
Factbox-Lilly’s weight-loss drug launch in India to energize rivals eyeing mega market
(Reuters) -Eli Lilly on Thursday launched in India its diabetes and weight-loss drug, Mounjaro, which has already clocked in over…
Semiconductor firms call for EU Chips Act 2.0
By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) -Computer chip makers and semiconductor supply chain firms called on the European…