(Reuters) – If producer group OPEC+ doesn’t reduce production further, the average price of oil could drop to $60 per…
EV firm Polestar taps former Stellantis finance executive as CFO
(Reuters) – Electric vehicle maker Polestar said on Tuesday it has appointed former Stellantis finance executive Jean-Francois Mady as its…
AI server maker Super Micro denies short-seller Hindenburg’s claims
(Reuters) – Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and…
Apple to completely switch to OLED for iPhone display from 2025, Nikkei says
TOKYO (Reuters) – Apple will use organic light-emitting diode (OLED) displays for all iPhone models sold in 2025 and afterwards,…
Ford to recall 90,736 vehicles over engine valve issue, US regulators say
(Reuters) – Ford will recall 90,736 vehicles as engine intake valves in the vehicles may break while driving, the National…
Intel rises as report of chipmaker exploring options stokes investor enthusiasm
(Reuters) – Intel’s shares rose more than 3% before the bell on Friday, as a report of the struggling chipmaker…
China’s market regulator says e-commerce giant Alibaba has completed three-year ‘rectification’ period
SHANGHAI (Reuters) – China’s State Administration of Market Regulation issued a statement on Friday saying Alibaba Group had completed three…
Gap posts higher second-quarter sales on steady demand
(Reuters) -Apparel retailer Gap on Thursday posted a 5% jump in its second-quarter sales on robust demand for its Old…
Dell beats second-quarter results estimates on strong AI server demand
(Reuters) -Dell Technologies beat Wall Street estimates for second-quarter revenue and profit on Thursday, driven by strong demand for its…
Athleisure wear maker Lululemon cuts annual forecasts as demand slows
(Reuters) -Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition and selective consumer spending…