By Zaheer Kachwala (Reuters) -Tesla shares extended last week’s sharp rally with a jump of over 8% on Monday, fueled by bets of the automaker
Category: Business
Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says
By Karen Freifeld and Fanny Potkin NEW YORK/SINGAPORE (Reuters) -The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers
IKEA ready for potential tariffs under Trump, CFO says
By Helen Reid LONDON (Reuters) – IKEA has learned from recent supply chain disruptions and is well prepared for potential trade barriers, the owner of
Moderna reports surprise profit on higher-than-expected COVID vaccine sales
By Patrick Wingrove (Reuters) -Moderna reported a surprise third-quarter profit on Thursday, driven by cost cutting and higher-than-expected sales of its COVID-19 vaccine, even with
Datadog raises annual forecast betting on AI-driven cybersecurity demand
(Reuters) – Cloud monitoring firm Datadog raised its annual revenue and profit forecasts on Thursday, betting on accelerating demand for its AI-backed cybersecurity products. Shares
European clean energy stocks tumble as Trump wins US presidency
By Stine Jacobsen COPENHAGEN (Reuters) -Shares in European clean energy groups plummeted on Wednesday after Donald Trump was elected president of the United States, as
Super Micro slumps as weak forecast, annual report uncertainty fuel investor angst
(Reuters) -Shares of Super Micro Computer tumbled more than 24% to hit a near 18-month low on Wednesday as an unclear timeline for its annual
Yum Brands reports surprise fall in global sales amid KFC’s struggles in US
(Corrects paragraph 2 to say KFC US same-store sales fell 5%, not 7%) (Reuters) – Yum Brands reported a surprise fall in worldwide same-store sales
Fox Corp tops revenue targets on political ad boom ahead of US election
(Reuters) -Fox Corp beat Wall Street expectations for first-quarter revenue on Monday, as the media company benefited from higher political advertising ahead of the U.S.
Robot AI startup Physical Intelligence raises $400 million from Bezos, OpenAI
(Reuters) – Physical Intelligence, a startup that is developing foundational software for robots, said on Monday it has raised $400 million in early-stage funding from