LONDON (Reuters) – Online fast-fashion platforms Shein and Temu are gearing up for a 2026 trial at London’s High Court,…
Cummins posts quarterly profit beat on strong demand for power products from data centers
(Reuters) – Cummins Inc beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from…
Robot AI startup Physical Intelligence raises $400 million from Bezos, OpenAI
(Reuters) – Physical Intelligence, a startup that is developing foundational software for robots, said on Monday it has raised $400…
Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge
By Arsheeya Bajwa (Reuters) -Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong…
Tesla’s Oct China-made EV sales fall 5.3% y/y
BEIJING (Reuters) -U.S. automaker Tesla sold 68,280 China-made electric vehicles in October, down 5.3% from a year earlier, data from…
New York Times adds fewer digital subscribers as spending tightens
(Reuters) -New York Times posted fewer-than-expected digital subscribers for the third quarter as readers cut back on spending in an…
Loews’ third-quarter profit jumps on investment income boost
(Reuters) – Loews Corp reported an increase in quarterly profit on Monday, helped by higher investment income and strong performance…
Exclusive-Walt Disney forms business unit to coordinate use of AI, augmented reality
By Dawn Chmielewski and Katie Paul (Reuters) -Walt Disney is forming a new group to coordinate the company’s use of…
JPMorgan CEO Jamie Dimon says ‘it’s time to fight back’ on regulation
By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) – JPMorgan Chase CEO Jamie Dimon blasted several major U.S. regulatory…
Las Vegas Sands misses third-quarter profit estimates on weak Macao business
(Reuters) – Las Vegas Sands missed analysts’ expectations for quarterly profit on Wednesday, hit by an ongoing renovation at its…