By Toby Sterling AMSTERDAM (Reuters) – The threat of further U.S.-led restrictions on ASML’s sales to China will hang over…
AMD to cut 4% of global workforce as it focuses on AI chip development
(Reuters) – Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs…
ValueAct takes $1-billion stake in Meta, source says
By Svea Herbst-Bayliss (Reuters) -ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for…
Netflix’s ad-supported tier hits 70 million users
(Reuters) -Netflix said on Tuesday its ad-supported tier had reached 70 million monthly active users globally, nearly doubling from about…
Ackman wants to move Pershing Square, UMG from Amsterdam after attacks
AMSTERDAM (Reuters) – Billionaire Bill Ackman said on Friday he would seek to delist investment firm Pershing Square Holdings and…
US lawmakers press top chip equipment makers for details on China sales
By Alexandra Alper and David Shepardson WASHINGTON (Reuters) – China hardliners in Congress are calling on the world’s foremost semiconductor…
Block revenue misses Street expectation, shares slide
(Reuters) -Payments firm Block’s third-quarter revenue fell short of Wall Street expectations on Thursday, signaling a slowdown in consumer spending…
Rivian’s quarterly revenue slumps for first time since IPO
By Akash Sriram and Abhirup Roy (Reuters) -Rivian posted its first drop in quarterly revenue on Thursday since the electric…
Lyft inks deals with Mobileye, others to bring robotaxis to ridehail platform
(Reuters) – Lyft said on Wednesday it will partner with Mobileye and two other companies in the robotaxi industry to…
Novo Nordisk CFO says 2025 sales could see high-teens percentage growth
LONDON (Reuters) – Novo Nordisk’s sales growth next year could be in the high teens in percentage terms, Chief Financial…