Temu-parent PDD Holdings beats first-quarter revenue estimates
By Casey Hall and Akash Sriram (Reuters) -PDD Holdings beat first-quarter revenue estimates on Wednesday, powered by strong adoption of…
Year: 2024
Target issues weak forecast as shoppers pull back; shares tumble
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Target on Wednesday said it expects consumer caution to persist after it…
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…
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…