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Year: 2023

General

Big Money Bullish on Shopify

A huge investor has taken a bullish position on Shopify (NYSE:SHOP), and this development holds significance for retail traders. Among…

July 6, 2023January 29, 2025
Samsung profit likely lowest in more than 14 years as chip glut persists
AsiaBusinessEconomyTechnology

Samsung profit likely lowest in more than 14 years as chip glut persists

By Joyce Lee SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any…

July 6, 2023July 6, 2023
ChatGPT’s explosive growth shows first decline in traffic since launch
BusinessEconomyMiddle EastTechnologyTop News

ChatGPT’s explosive growth shows first decline in traffic since launch

By Krystal Hu (Reuters) -ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and…

July 5, 2023July 5, 2023
Why a $1.5 trillion source of corporate financing is choking on higher rates
AsiaBusinessEconomyEuropeUS

Why a $1.5 trillion source of corporate financing is choking on higher rates

By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – A financial stream that helped fund the world’s riskiest companies and…

July 5, 2023July 5, 2023
U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label
AsiaBusinessEconomyEntertainment and LifestyleEuropePoliticsTechnologyUS

U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label

By Foo Yun Chee BRUSSELS (Reuters) -Seven companies including Amazon, Apple, Google, Facebook-owner Meta and Microsoft say they meet the…

July 5, 2023July 5, 2023
Binance market share takes regulatory hit, its US affiliate shrinks
BusinessEconomyTechnology

Binance market share takes regulatory hit, its US affiliate shrinks

By Medha Singh (Reuters) – The market share of Binance, the world’s largest cryptocurrency exchange, and its U.S. affiliate have…

July 5, 2023July 5, 2023
US new vehicle sales rise on strong demand, better supply
AsiaBusinessEconomyEuropeTop NewsUS

US new vehicle sales rise on strong demand, better supply

By Pratyush Thakur and Shivansh Tiwary (Reuters) -New vehicle sales in the United States for top global automakers rose in…

July 5, 2023July 5, 2023
General

NIO – Latest Analyst Update Sees ~20% Upside

NIO is a prominent electric vehicle (EV) manufacturer that has garnered significant attention in the automotive industry. The company is…

July 5, 2023January 29, 2025
Duke Energy to sell distributed generation portfolio in $364 million deal
BusinessEconomyUS

Duke Energy to sell distributed generation portfolio in $364 million deal

(Reuters) – Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity…

July 5, 2023July 5, 2023
Western businesses must find a way to work with China-Stellantis CEO
BusinessEconomy

Western businesses must find a way to work with China-Stellantis CEO

MILAN (Reuters) -The head of carmaker Stellantis said Beijing’s decision to restrict exports of two metals widely used in semiconductors…

July 5, 2023July 5, 2023

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