By Stephen Nellis (Reuters) -For most of the past year and a half, Apple Chief Executive Tim Cook has fielded questions from Wall Street analysts about his plans for artificial intelligence amid grumb[...]
Read moreMay 3, 2024
SVB Financial to sell VC business SVB Capital
(Reuters) -Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital. A newly-created[...]
Read moreAutomakers win extension on use of Chinese graphite in EV tax credits
By David Shepardson and David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax[...]
Read moreUS ends Tesla rear-view camera investigation after 2021 recall
By David Shepardson WASHINGTON (Reuters) -The U.S. National Highway Traffic Safety Administration said on Friday it has closed a long-running investigation into the loss of rear-view camera images in[...]
Read moreAlaska Air says Boeing issued $61 million in credit memos to address grounding hit
(Reuters) – Alaska Air Group has received $61 million in supplier credit memos from Boeing as additional compensation for the hit from a temporary grounding of 737 MAX 9 jets, the carrier said o[...]
Read moreUS SEC charges auditor BF Borgers, whose clients include Trump Media, with fraud
WASHINGTON (Reuters) -Auditor BF Borgers and its owner Benjamin Borgers, whose clients include Trump Media , were charged by the U.S. Securities and Exchange Commission with “massive fraud” that affec[...]
Read moreIllumina reaffirms annual revenue forecast over continued sluggish demand
(Reuters) – Illumina reiterated its 2024 revenue forecast on Thursday, expecting continued weak demand from its customers such as medical research labs and hospitals. The San Diego, California-b[...]
Read moreAmgen jumps after teasing weight-loss drug data, rival stocks fall
By Manas Mishra and Christy Santhosh (Reuters) -Amgen shares headed for their best session since 2009 on Friday after the U.S. drugmaker hinted at encouraging interim trial data on its experimental ob[...]
Read moreCboe posts higher profit as market volatility boosts options trading
By Pritam Biswas and Laura Matthews (Reuters) -Cboe Global Markets reported a rise in first-quarter profit on Friday, as strong demand for hedging products amid shifts in market volatility helped boos[...]
Read more