Amazon sets ultra-low pricing plans for Temu rival store, The Information reports
(Reuters) – Amazon.com is imposing severe price caps on what merchants can charge for their products on a new low-cost…
Category: Business
BlackRock taps into AI frenzy with two new ETFs
(Reuters) – Asset management giant BlackRock on Tuesday launched two new exchange-traded funds (ETFs) aimed at giving investors exposure to…
U.S. to soon curb AI investment in China
By Karen Freifeld (Reuters) – U.S. rules that will ban certain U.S. investments in artificial intelligence in China are under…
Gold’s allure spreads as bulls lock in on fresh records
By Polina Devitt and Swati Verma LONDON (Reuters) – Gold is extending a period of successive record highs, moving the…
Activist Elliott, Southwest Airlines to begin settlement discussions, Bloomberg News reports
(Reuters) -Elliott Investment Management and Southwest Airlines have begun discussing a potential settlement that would avoid a proxy fight for…
Boeing exploring asset sales to boost finances, WSJ reports
(Reuters) – Boeing is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or…
Netflix rises on strong subscriber growth, bets on higher customer sign-ups
(Reuters) – Netflix shares rose 5.2% in premarket trading on Friday, after the streaming giant topped Wall Street estimates for…
EV maker Lucid expects to raise $1.67 billion from stock sale
(Reuters) -Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637…
Nvidia hits record high as chip stocks rally on TSMC’s rosy AI-powered outlook
(Reuters) -Shares of Nvidia hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether…
SpaceX catches giant Starship booster in fifth flight test
(Reuters) -SpaceX on Sunday launched its fifth Starship test flight from Texas and returned the rocket’s towering first stage booster…