AutoZone’s quarterly profit beats estimates on demand for car parts
(Reuters) – AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans…
Month: May 2024
Li Auto delays pure electric SUV launch due to insufficient fast charging network
SHANGHAI (Reuters) – China’s Li Auto said it has postponed plans to launch pure electric SUV models to next year,…
Amazon’s cloud unit pauses orders of Nvidia’s most powerful chip, FT reports
(Reuters) – Amazon.com’s cloud services unit has paused orders of Nvidia’s most advanced “superchip” to wait for a more powerful…
Explainer-What are AI PCs?
(Reuters) – The PC just got an AI makeover, raising hopes that the buzzy technology would help revive an industry…
Elliott builds $1 billion-plus stake in Johnson Controls, Bloomberg reports
(Reuters) – Activist investor Elliott Investment Management has built a position worth over $1 billion in Johnson Controls International Plc,…
Apple slashes iPhone prices in China amid fierce Huawei competition
BEIJING (Reuters) – Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of…
Wall St, world stocks advance, metals shine
By Stephen Culp NEW YORK (Reuters) -U.S. stocks followed the example of their European counterparts, gaining ground on Monday while…
Copper’s record run at risk as US shipments calm speculator frenzy
By Eric Onstad and Julian Luk LONDON (Reuters) – Copper’s lightning rally to record highs may not be sustainable in…
Comet fragment lights up sky over Spain and Portugal ‘like a movie’
By Catarina Demony and Ana Cantero LISBON (Reuters) – A bright comet fragment lit up the skies over parts of…
Putin and Xi pledge a new era and condemn the United States
By Bernard Orr, Guy Faulconbridge and Andrew Osborn BEIJING/MOSCOW (Reuters) – China’s Xi Jinping and Russia’s Vladimir Putin on Thursday…