GlobalFoundries forecasts hit as chip customers seek advanced processes, clear inventory
(Reuters) -GlobalFoundries forecast its first quarter below market estimates on Tuesday, as some customers continue to clear excess chip inventory…
Year: 2024
NYCB shares end lower as earlier gains evaporate
(Reuters) -New York Community Bancorp shares gave up earlier gains to close with a small loss on Monday, though some…
Spirit Airlines uncertainty has some pilots dusting off their resumes
By Allison Lampert and Rajesh Kumar Singh (Reuters) – Some pilots at Spirit Airlines are worried and scouring for other…
Arm Holdings jumps over 40%, adds to staggering AI-powered rally
By Noel Randewich (Reuters) – Shares of Arm Holdings surged more than 40% on Monday, adding to a staggering rally…
Aramco shareholders to decide on selling more shares in 2024 – CEO
DUBAI (Reuters) – Shareholders will decide if Saudi state-oil giant Aramco will sell more shares in 2024, CEO Amin Nasser…
Tesla temporarily slashes prices for some Model Y cars in the US
(Reuters) -Tesla Inc has temporarily cut prices of some of its Model Y cars in the U.S. until Feb. 29,…
U.S.-led coalition blocks attacks at Conoco oil field in Syria -source
BEIRUT (Reuters) -Air defence systems operated by U.S.-led coalition troops based in eastern Syria halted six drone attacks targeting their…
Exclusive-Cisco to cut thousands of jobs as it seeks to focus on high growth areas -sources
By Utkarsh Shetti and Supantha Mukherjee (Reuters) -Network giant Cisco is planning to restructure its business which will include laying…
Italy’s Panetta sees time for ECB rate cuts “fast approaching”
By Giselda Vagnoni and Valentina Za GENOA, Italy (Reuters) -The moment is “fast approaching” for the European Central Bank (ECB)…
JSW Group to set up nearly $5 billion in EV projects in eastern India
NEW DELHI (Reuters) – India’s JSW Group will set up electric vehicles and battery manufacturing projects in the country’s eastern…