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Category: Business

AutoZone’s quarterly profit beats estimates on demand for car parts
Business

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…

May 21, 2024
Li Auto delays pure electric SUV launch due to insufficient fast charging network
Business

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,…

May 21, 2024
Amazon’s cloud unit pauses orders of Nvidia’s most powerful chip, FT reports
Business

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…

May 21, 2024
Explainer-What are AI PCs?
Business

Explainer-What are AI PCs?

(Reuters) – The PC just got an AI makeover, raising hopes that the buzzy technology would help revive an industry…

May 21, 2024
Elliott builds $1 billion-plus stake in Johnson Controls, Bloomberg reports
Business

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,…

May 20, 2024May 21, 2024
Apple slashes iPhone prices in China amid fierce Huawei competition
Business

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…

May 20, 2024May 21, 2024
Copper’s record run at risk as US shipments calm speculator frenzy
Business

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…

May 20, 2024May 21, 2024
Investors reach for riskier assets as fear seeps out of markets
Business

Investors reach for riskier assets as fear seeps out of markets

By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks are at fresh records, bitcoin is soaring and investors are…

May 16, 2024May 21, 2024
Disney, Fox, Warner Bros Discovery sports-streaming venture named Venu Sports
Business

Disney, Fox, Warner Bros Discovery sports-streaming venture named Venu Sports

(Reuters) – The sports-streaming service set to be launched by Walt Disney Co, Warner Bros Discovery and Fox Corp will…

May 16, 2024May 21, 2024
Wallet recovery firms buzz as locked-out crypto investors panic in bitcoin boom
Business

Wallet recovery firms buzz as locked-out crypto investors panic in bitcoin boom

By Ankika Biswas and Johann M Cherian (Reuters) – The recent surge in bitcoin prices has the phones at crypto…

May 15, 2024May 21, 2024

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