BEIJING (Reuters) – China’s lithium prices rebounded on Friday after a powerful earthquake hit Chile’s major lithium producing region, although growing demand concerns weighed on
Category: Business
Tesla halted some production lines due to global IT outage, Business Insider reports
(Reuters) -Tesla halted some production lines due to the global IT outage, Business Insider reported on Friday, citing sources familiar with the matter. The automaker
Netflix’s efforts to grow ad tier in focus as subscriber growth slows
By Harshita Mary Varghese (Reuters) – Netflix likely added the fewest number of subscribers in five quarters during April-June as sharp gains following a crackdown
Chip stocks tumble on fears of tighter US curbs on sales to China
(Reuters) – Shares of chipmakers fell more than 4% before the bell on Wednesday amid reports of possible tighter restrictions on supply of advanced technology
US steelmakers brace for tepid quarterly profit, further price declines
By Aatreyee Dasgupta (Reuters) – Top U.S. steelmakers are expected to post a decline in second-quarter earnings and could face additional pressure from a further
Microsoft’s hiring of former Inflection AI staff prompts UK probe
By Yadarisa Shabong and Martin Coulter (Reuters) – Britain’s competition regulator has started a formal investigation into Microsoft’s hiring of some former staff of Inflection
SolarEdge Technologies to lay off 400 employees
(Reuters) -SolarEdge Technologies said on Monday it would lay off 400 employees, of which 200 are in Israel, as it works to restore profitability and
Amazon Prime Day sales to hit record $14 billion, data firm says
By Ananya Mariam Rajesh and Arriana McLymore (Reuters) – Shoppers are likely to spend roughly $14 billion during Amazon’s Prime Day two-day shopping event this
BlackRock assets hit record-high $10.65 trillion on ETF flows, rising stocks
By Arasu Kannagi Basil and Davide Barbuscia (Reuters) – Assets managed by BlackRock hit a record $10.65 trillion in the second quarter thanks to rising
Vietnam’s VinFast delays US electric car plant amid market slowdown
By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast is delaying the launch of its planned $4 billion factory in North Carolina