GM to end production of Chevy Malibu as it shifts to EVs
Daily Trader Insights By David Shepardson (Reuters) -General Motors said Wednesday it will end production of its gasoline-powered...
Daily Trader Insights
Shopify’s downbeat revenue growth forecast sends shares to six-month low
By Harshita Mary Varghese (Reuters) – Canadian e-commerce platform Shopify forecast its slowest quarterly revenue...
Lyft forecasts strong quarterly earnings as ride-hailing demand picks up
By Yuvraj Malik (Reuters) -Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for...
Reddit’s strong forecasts spark share surge after first results since IPO
By Aditya Soni (Reuters) -Reddit said it could post an adjusted profit in the second...
Meta to expand AI image generation offerings for ads
NEW YORK (Reuters) – Meta Platforms, the parent company of Facebook and Instagram, said on...
Inflation “settling” high could pose new risks for the Fed, economy
By Howard Schneider WASHINGTON (Reuters) -Inflation lodged above the U.S. Federal Reserve’s 2% target could...
Wozniak’s space firm, Privateer, buys Orbital Insight, raises $56.5 million
(This May 6 story has been corrected to fix the spelling of BOKA Group and...
Robinhood Crypto gets Wells notice from US SEC
(Reuters) -Retail trading platform Robinhood Markets said on Monday it received an enforcement action notice...
Citadel’s Griffin says Fed’s first rate cut may come in December
By Carolina Mandl Beverly Hills (Reuters) – Ken Griffin, Citadel’s founder and chief executive, said...
Microsoft readies new AI model to compete with Google, OpenAI, The Information reports
(Reuters) -Microsoft is training a new, in-house AI language model large enough to compete with...