By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla is expected to report its lowest gross profit margin in more…
Apple close to finalizing deal with FIFA over TV rights for new tournament, NYT reports
(Reuters) -Soccer’s global governing body FIFA is close to an agreement with Apple to give the tech company worldwide television…
BOJ’s Ueda signals possible rate hike if weak yen boosts inflation
By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Thursday the central bank may raise interest…
Google consolidates its DeepMind and Research teams amid AI push
(Reuters) – Alphabet-owned Google said on Thursday it would consolidate teams that focus on building artificial intelligence models across its…
US Congress moves ahead on bill to push TikTok’s Chinese owner to sell
By Moira Warburton WASHINGTON (Reuters) – An effort to force TikTok’s Chinese owner, ByteDance, to sell the social media app…
Big banks led by Citi continue to trim staff to cut costs
By Niket Nishant and Manya Saini (Reuters) -U.S. banking giants continued to shed employees in the first quarter, with Citigroup…
AMD introduces AI chips for business laptops and desktops
(Reuters) -Advanced Micro Devices unveiled a new series of semiconductors for artificial intelligence-enabled business laptops and desktops on Tuesday as…
Adidas raises 2024 outlook after strong first quarter
By Ludwig Burger FRANKFURT (Reuters) -Adidas on Tuesday raised its 2024 profit outlook after what the German sportswear giant said…
Wall Street bosses cheer investment banking gains but stay cautious
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Wall Street’s bosses are finally seeing signs of a broader…
Lockheed wins US missile defense contract worth $17 billion
By Mike Stone (Reuters) -Lockheed Martin has won a $17 billion contract to develop the next generation of interceptors to…