China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market,…
TIM debates grid bids as investor Vivendi challenges strategy
Telecom Italia (BIT:TLIT) (TIM) directors will meet on Thursday to decide their response to multibillion bids for the phone company’s landline grid as top investor Vivendi…
Stocks fall; Aussie dollar soars after surprise hike
Global shares fell on Tuesday, as caution set in ahead of the Federal Reserve’s upcoming policy meeting, while bumper profits at Europe’s biggest bank gave…
U.S. regulator seizes First Republic Bank, to sell assets to JP Morgan
The California Department of Financial Protection and Innovation (DFPI) said on Monday it had closed First Republic Bank (NYSE:FRC) and agreed a deal to sell its assets…
US FDA panel backs restricted use of AstraZeneca’s prostrate cancer drug
A panel of U.S. Food and Drug Administration advisers on Friday voted for the restricted use of British drugmaker AztraZeneca Plc’s experimental treatment, jointly developed…
Dow futures fall 130 pts; Amazon results, inflation data in focus
U.S. stocks are seen opening lower Friday, handing back some of the previous session’s hefty gains, as investors digest earnings from Amazon and Intel ahead…
South Korea announces $15 billion investment in advanced battery technologies
The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1 billion) through 2030 to develop advanced battery technologies,…
U.S. Bancorp earnings beat by $0.06, revenue topped estimates
U.S. Bancorp (NYSE: USB) reported first quarter EPS of $1.16, $0.06 better than the analyst estimate of $1.10. Revenue for the quarter came in at $7.18B…
ChatGPT’s AI to power Chegg study buddy as educators wrestle with tech
The artificial intelligence behind ChatGPT, the homework-drafting chatbot that some schools have banned, is coming to more students via the company Chegg (NYSE:CHGG) Inc. The…
Futures subdued with inflation, jobless claims data in focus
U.S. stock index futures were subdued on Thursday ahead of fresh economic data that could offer clues on the Federal Reserve’s monetary tightening plans, while…