AI-focused tech firms see big jump in market cap in June
(Reuters) – Artificial intelligence-focused companies, mostly chipmakers, saw big gains in their market capitalization at the end of June, with…
Category: Business
Tesla deliveries set to fall for second straight quarter
By Akash Sriram and Hyunjoo Jin (Reuters) – Tesla’s June-quarter deliveries likely fell 3.7%, the first time the top EV…
Meta’s pay or consent model in crosshairs for breaching EU tech rules
By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms was charged by EU antitrust regulators on Monday for failing to comply…
Amazon nabs SF startup Adept’s cofounders to bolster AI efforts
By Greg Bensinger and Krystal Hu (Reuters) -Amazon.com hired away artificial intelligence startup Adept’s co-founders and some of its team…
Alaska Air returns 737 MAX 9 involved in mid-air blowout to Boeing
(Reuters) -Alaska Airlines said on Friday it has returned to Boeing the 737 MAX 9 plane that in January was…
Ackman’s Pershing Square USA to offer shares at $50 in NY listing
(Reuters) – Pershing Square USA, a fund managed by billionaire Bill Ackman, said on Friday it plans to offer shares…
Nike plots $100-and-less sneakers to lure price-conscious shoppers
By Aishwarya Venugopal and Ananya Mariam Rajesh (Reuters) – Nike will roll out new $100-and-under sneakers in countries around the…
Microsoft hit with EU antitrust charge over Teams app, risks hefty fine
(This June 25 story has been corrected to say ‘eleven years,’ not ‘two decades,’ in paragraph 2, and ‘in the…
Aramco to buy 10% stake in Renault, Geely thermal engines JV
(Reuters) -Saudi Aramco will take a 10% stake in Horse Powertrain, the thermal engines joint venture between Renault and Geely,…
Factbox-Bankruptcy cases to watch after US Supreme Court Purdue Pharma ruling
(Reuters) – The U.S. Supreme Court’s ruling on Thursday scuttling OxyContin maker Purdue Pharma’s bankruptcy settlement could have a sweeping…