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Month: May 2023

Nvidia rally: Retail investors stay out on growing slowdown worries
BusinessTechnologyUS

Nvidia rally: Retail investors stay out on growing slowdown worries

By Medha Singh (Reuters) – The rally in the shares of Nvidia Corp that briefly propelled its market value to…

May 31, 2023May 31, 2023
Intel shares jump as chipmaker sees second-quarter revenue at upper end of outlook
BusinessEconomyTechnologyUS

Intel shares jump as chipmaker sees second-quarter revenue at upper end of outlook

(Reuters) – Shares of Intel Corp rose about 5% after the chipmaker’s finance chief said on Wednesday that the company…

May 31, 2023May 31, 2023
AI boom triples valuation of Lightmatter, US startup using light for computing
BusinessTechnologyUS

AI boom triples valuation of Lightmatter, US startup using light for computing

By Jane Lanhee Lee OAKLAND, California (Reuters) – Lightmatter, a Boston-based startup using light for AI computing, said on Wednesday…

May 31, 2023May 31, 2023
China was top market for Tesla Model Y, world’s best-selling car in Q1
AsiaBusinessEuropeTechnologyUS

China was top market for Tesla Model Y, world’s best-selling car in Q1

By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) – China was the biggest market for Tesla’s Model Y electric…

May 30, 2023May 30, 2023
Nvidia briefly joins $1 trillion valuation club
BusinessEconomyTechnologyUS

Nvidia briefly joins $1 trillion valuation club

By Akash Sriram and Samrhitha A (Reuters) – Nvidia Corp briefly joined an elite club of U.S. companies sporting a…

May 30, 2023May 30, 2023
Chile wants to start lithium negotiations with Albemarle soon -minister
BusinessLatin AmericaUS

Chile wants to start lithium negotiations with Albemarle soon -minister

SANTIAGO (Reuters) – Chile hopes to start negotiations soon with Albemarle as part of the government’s plan to gain majority…

May 30, 2023May 30, 2023
US review of China tariffs won’t depend on trade ‘breakthrough’-Deputy USTR
AsiaBusinessEconomyPoliticsTop NewsUS

US review of China tariffs won’t depend on trade ‘breakthrough’-Deputy USTR

By David Lawder DETROIT (Reuters) -The United States is taking an analytical approach to its review of whether to keep…

May 30, 2023May 30, 2023
In the Market: Amid the calm, the Fed brews the next storm
BusinessEconomyTop NewsUS

In the Market: Amid the calm, the Fed brews the next storm

By Paritosh Bansal (Reuters) -Having navigated the financial crisis of 2008, Neel Kashkari worries about systemic risks. But now, as…

May 30, 2023May 30, 2023
Oil ticks up as markets weigh U.S. debt deal, rate hike possibility
BusinessEconomyEuropeMiddle EastUKUS

Oil ticks up as markets weigh U.S. debt deal, rate hike possibility

By Arathy Somasekhar HOUSTON (Reuters) – Oil prices edged higher in choppy trading on Monday, as markets weighed a tentative…

May 29, 2023May 29, 2023
Investors react to tentative US debt ceiling deal
BusinessEconomyPoliticsTop NewsUS

Investors react to tentative US debt ceiling deal

NEW YORK (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to…

May 29, 2023May 29, 2023

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