By Mehnaz Yasmin and Niket Nishant (Reuters) -American Express’s first-quarter profit vaulted past estimates on Friday thanks to its affluent…
Rivian cuts 1% of workforce in second round of layoffs this year
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) -Electric vehicle maker Rivian said on Wednesday it cut about 1%…
Google consolidates its DeepMind and Research teams amid AI push
(Reuters) – Alphabet-owned Google said on Thursday it would consolidate teams that focus on building artificial intelligence models across its…
Walmart-backed Ibotta shares surge 33% in strong market debut
By Jaiveer Shekhawat and Sri Hari N S (Reuters) -Shares of digital marketing firm Ibotta soared 33% on their debut…
Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi
(Reuters) – Tesla shares fell to their lowest in more than a year on Thursday after Deutsche Bank raised concerns…
TSMC expects Q2 sales to jump on ‘insatiable’ AI demand
By Yimou Lee and Faith Hung TAIPEI (Reuters) -TSMC, the world’s largest chipmaker and a major Apple and Nvidia supplier,…
Biden – and steelmakers – promise U.S. Steel will stay American
By Steve Holland PITTSBURGH (Reuters) -U.S. Steel and Japanese buyer Nippon Steel said the Pittsburgh-based firm will remain an “iconic…
Stock correlations tick up as Wall Street extends declines
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A stock market correlation index hit a near four-month high on Wednesday,…
Google lays off employees, shifts some roles abroad amid cost cuts
(Reuters) – Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the…
Morning Bid: Powell dashes easing hopes, markets dented again
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia hoping for some…