Exclusive: SoftBank’s Arm to ask for $47 to $51 per share in IPO
By Echo Wang and Anirban Sen NEW YORK (Reuters) – Arm Holdings Ltd, the chip designer owned by SoftBank Group…
Category: General
BMW bets on a ‘Neue Klasse’ revival to catch Tesla
By Joseph White MUNICH (Reuters) – BMW is once again turning to the “Neue Klasse” brand – this time as…
Blackstone and Airbnb set to join S&P 500; shares climb
(Reuters) – Shares of Blackstone and Airbnb rallied in extended trade on Friday after S&P Dow Jones Indices said the…
Disney, Charter rates dispute spills over to TVs as ESPN, ABC go dark
(Reuters) -Walt Disney and Charter Communications traded salvos over their unresolved distribution agreement after several channels including ESPN went dark…
Amazon shareholder sues board, Bezos over Blue Origin launch contracts
(Reuters) – An Amazon shareholder has filed a lawsuit against founder Jeff Bezos and the Amazon board alleging directors failed…
Fed seen likely done with rate hikes as job market cools
By Ann Saphir (Reuters) -The U.S. Federal Reserve is likely done raising interest rates, traders bet on Friday after a…
US construction spending rises strongly in July on single-family housing
WASHINGTON (Reuters) – U.S. construction spending increased solidly in July as a shortage of houses on the market boosted outlays…
Broadcom falls as forecast pales before Nvidia’s blowout results
(Reuters) -Broadcom shares fell nearly 5% on Friday as the semiconductor maker’s quarterly revenue forecast fell short of investors’ lofty…
Nvidia’s market cap climbs amid tech turbulence in August
(Reuters) – Nvidia Corp’s market capitalization climbed higher in August thanks to its strong profit forecasts, which defied the broader…
Robot invasion slows in the face of weaker US economy, high interest rates
By Timothy Aeppel (Reuters) – Even a robot invasion can’t beat a slowing economy. Companies in North America sharply cut…