Aston Martin F1 team gets investment from PE firm Arctos
By Anousha Sakoui (Reuters) -The Aston Martin Formula One team said on Thursday it had agreed on an investment by…
Year: 2023
Oil prices dive on big US crude stock build, record output
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices tumbled more than 1.5% on Wednesday on a bigger-than-expected rise in U.S. crude…
Microsoft introduces its own chips for AI, with eye on cost
By Stephen Nellis (Reuters) – Microsoft on Wednesday announced a duo of custom-designed computing chips, joining other big tech firms…
US Postal Service reports $6.5 billion net loss for 2023 fiscal year
(This Nov. 14 story has been corrected to change the first-class mail volume figure to say 46 billion, not 46…
As inflation cools, Fed seen pivoting to rate cuts in May
By Ann Saphir (Reuters) -Cooling inflation will allow the Federal Reserve to forgo any more interest rate hikes and indeed…
China receives US equipment to make advanced chips despite new rules – report
By Alexandra Alper WASHINGTON (Reuters) – Chinese companies are buying up U.S. chipmaking equipment to make advanced semiconductors, despite a…
Social media companies must face youth addiction lawsuits, US judge rules
By Jonathan Stempel and Nate Raymond (Reuters) -A federal judge on Tuesday rejected efforts by major social media companies to…
Biogen cuts annual profit forecast on higher deal costs (Nov 8)
(This Nov. 8 story has been corrected to say Biogen cut profit forecast due to costs related to a deal,…
Rivian signs agreements with Georgia to start building EV factory (Nov 13)
(Reuters) – (This Nov. 13 story has been corrected throughout to remove the reference to Rivian’s plans to raise nearly…
Fisker cuts 2023 production forecast as it struggles to ramp up deliveries
By Samrhitha A and Abhirup Roy (Reuters) – Electric-vehicle startup Fisker slashed its 2023 production guidance on Monday as it…