Musk’s xAI seeks $113 billion valuation in $300 million share sale, FT reports
(Reuters) -Elon Musk’s xAI is seeking a valuation of $113 billion in a share sale worth $300 million, the Financial…
Category: Business
Disney laying off several hundred in film, TV, finance
(Reuters) -Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar…
IDC cuts global smartphone shipments forecast on tariff volatility
(Reuters) -International Data Corp slashed its 2025 global smartphone shipment growth forecast to 0.6% from 2.6% on Thursday, citing tariff-driven…
Xiaomi’s Tesla Y rival YU7 hits showrooms in Beijing
By Qiaoyi Li and Alessandro Diviggiano BEIJING (Reuters) -Xiaomi rolled out its new sports utility vehicle in Beijing on Thursday,…
Amazon’s Zoox issues second software recall this month after San Francisco crash
(Reuters) – Amazon.com’s self-driving unit Zoox has issued a second software recall this month to improve how its vehicles track…
GameStop buys bitcoin worth $513 million in crypto push
(Reuters) -GameStop has purchased bitcoin worth about $513 million, the company said on Wednesday as the ailing video game retailer…
Cantor Fitzgerald to buy UBS hedge fund unit
(Reuters) -U.S. brokerage firm Cantor Fitzgerald said on Wednesday it would buy Swiss lender UBS’ hedge fund unit, O’Connor. The…
Xiaomi reports 47% revenue growth in Q1 as it launches new electric SUV
By Che Pan and Brenda Goh BEIJING (Reuters) -China’s Xiaomi reported a 47.4% annual jump in first-quarter revenue on Tuesday…
Temu-owner PDD Holdings misses quarterly revenue estimates
(Reuters) -Chinese e-commerce company PDD Holdings missed Wall Street estimates for first-quarter revenue on Tuesday, as its domestic platform Pinduoduo…
Nvidia earnings to reveal hit from US export curbs on China
By Arsheeya Bajwa (Reuters) – Nvidia investors will look for definitive answers on how much U.S. chip curbs on China…