(Reuters) -The S&P 500 hit an intra-day record high on Friday for the first time in two years, powered by gains in chipmakers and heavyweight technology stocks on optimism around artificial intell[...]
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January 19, 2024
Ford cuts F-150 Lightning production as EV demand softens
By David Shepardson and Nathan Gomes (Reuters) -Ford Motor said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) has been lower than expe[...]
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Chevron to begin marketing shale gas assets in Canada’s Duvernay
By Nia Williams and Sabrina Valle HOUSTON (Reuters) -Chevron on Friday said it will put its natural gas business in Canada’s Duvernay Shale for sale as it continues to streamline global operatio[...]
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Fintech heavyweight Kaspi.kz valued at $17.5 billion in tepid Nasdaq debut
(Reuters) -Kaspi.kz was valued at $17.51 billion when its shares debuted 0.5% above their offer price on Friday, a day after the Kazakhstan-based banking and fintech giant fetched $1 billion for its i[...]
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Blackwells Capital solicits support for its Disney board nominees
By Dawn Chmielewski (Reuters) – Activist hedge fund Blackwells Capital solicited support for its three nominees to Walt Disney’s board of directors in a preliminary proxy filing on Friday,[...]
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Sam Altman seeks to raise billions for network of AI chip factories – Bloomberg News
(Reuters) -OpenAI CEO Sam Altman plans to use the billions of dollars he is trying to raise for a chip venture for setting up a network of factories that will manufacture semiconductors, Bloomberg New[...]
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Safran tests radical jet engine design in historic wind tunnel
AVRIEUX, France (Reuters) – French engine maker Safran said on Friday it had begun wind-tunnel tests for its “RISE” technology project, a radical jet engine design for the next gener[...]
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Exclusive-US FDA finds new manufacturing lapses at Eli Lilly plant
By Marisa Taylor and Maggie Fick WASHINGTON (Reuters) -U.S. inspectors recently uncovered new manufacturing problems at an Eli Lilly plant that has been under scrutiny by federal investigators, accord[...]
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Bankman-Fried’s FTX to get bankruptcy examiner to probe collapse – US appeals court
By Jonathan Stempel (Reuters) – A federal appeals court on Friday ordered the appointment of an independent bankruptcy examiner to investigate the Nov. 2022 collapse of FTX, the cryptocurrency e[...]
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