(Reuters) -Apple will hold its Worldwide Developers Conference (WWDC) from June 10 to June 14, it said on Tuesday, amid reports that the iPhone-maker was in talks for AI partnership and could unveil s[...]
Read more
March 26, 2024
China EV giant BYD posts slowest quarterly profit growth in 2 years
BEIJING (Reuters) -Chinese electric vehicle giant BYD reported an 18.6% rise in fourth-quarter profit on Tuesday, its slowest since the first quarter of 2022, as EV sales lost momentum in the world[...]
Read more
Canada to tighten foreign investment rules in AI, space technology sectors, Bloomberg reports
(Reuters) – Canada will require foreign companies to warn the government in advance before making investments or acquisitions in artificial intelligence, quantum computing and space technology,[...]
Read more
Rite Aid reaches bankruptcy settlement with lenders, DOJ, McKesson
By Dietrich Knauth NEW YORK (Reuters) -Pharmacy chain Rite Aid has reached a settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp, clearing a path for Rite Aid[...]
Read more
Fed posts record loss of $114.3 billion in 2023
By Michael S. Derby (Reuters) -The Federal Reserve said on Tuesday that it officially saw a net negative income of $114.3 billion in 2023, a record loss tied to expenses related to managing the U.S. c[...]
Read more
Tentative signs of recovery in US manufacturing; consumer confidence steady
By Lucia Mutikani WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods increased more than expected in February, while business spending on equipment showed tentative signs of[...]
Read more
Investors file record number of climate resolutions for North American companies
By Ross Kerber BOSTON (Reuters) – A record 263 climate-related shareholder resolutions have been filed so far this year for annual meetings of North American companies, a new tally showed on Tue[...]
Read more
Boeing CEO Calhoun’s exit leaves uphill task for successor
By Shivansh Tiwary and Nathan Gomes (Reuters) – Boeing CEO David Calhoun will leave the troubled aircraft maker at the end of the year, leaving a difficult turnaround job to his yet-to-be-named[...]
Read more
Bank of Canada likely to lead the U.S. Fed in rate cuts
By Promit Mukherjee OTTAWA (Reuters) -The Bank of Canada (BoC) is likely to move ahead of the U.S. Federal Reserve on its first rate cut, as tepid economic growth and cooling inflation are priming up[...]
Read more