By Liam Mo and Kane Wu BEIJING/HONG KONG (Reuters) – China has narrowed the AI development gap with the United…
Kroger countersues rival Albertsons after demise of $25 billion merger
(Reuters) -U.S. grocery chain Kroger countersued Albertsons on Tuesday, escalating a legal battle between the companies following the collapse of…
Apple is welcome to expand investment in China, commerce minister tells CEO
BEIJING (Reuters) – China’s commerce minister told Apple CEO Tim Cook on Monday that the company is welcome to expand…
US copper imports soar to 500,000 tons amid tariff threats, says Bloomberg
(Reuters) – Mercuria estimates that about 500,000 tons of copper are heading to the U.S., against normal monthly imports of…
Tesla jumps as possible tariff leeway, lower share price draw investors
By Deborah Mary Sophia and Akash Sriram (Reuters) -Tesla shares surged 10% on Monday after this year’s steep decline following…
US natgas prices edge up 1% on record flows to LNG export plants
By Scott DiSavino (Reuters) – U.S. natural gas futures edged up about 1% on Friday on record flows to liquefied…
Chipmaker Micron’s shares slump as tepid margin forecast eclipses AI prospects
(Reuters) – Micron’s shares fell 8% on Friday, as its dour margin forecast took the shine off a robust quarterly…
Nike tumbles to five-year low as sales decline forecast clouds quick turnaround hopes
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…