By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1%[...]
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May 15, 2024
Hedge fund Coatue scraps its Apple stake in Q1, while Viking built its position
By Carolina Mandl NEW YORK (Reuters) – Hedge fund Coatue Management dissolved its stake in Apple Inc in the first quarter while Viking Global Investors built a sizeable new position, securities[...]
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IBM to add 800 AI-related jobs in Ireland
DUBLIN (Reuters) – IBM plans to hire up to 800 more people in Ireland to help build advanced software underpinned by AI technology, the biggest job announcement in the country’s multinatio[...]
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Biden’s personal finances little changed in 2023, documents show
By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden disclosed a little-changed personal financial situation in 2023, though his book royalties fell, cash in his bank ac[...]
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Tesla must face vehicle owners’ lawsuit over self-driving claims
By Jonathan Stempel (Reuters) – A U.S. judge on Wednesday rejected Tesla’s bid to dismiss a lawsuit accusing Elon Musk’s electric car company of misleading owners into believing that[...]
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Cisco forecasts fourth-quarter revenue above estimates on enterprise demand
(Reuters) -Cisco Systems forecast fourth-quarter revenue above analysts’ low expectations on Wednesday as the network equipment maker benefits from a pick up in enterprise spending and easing su[...]
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Hudson Bay, Morgan Stanley took positions in Trump social media firm in Q1
By David Randall NEW YORK (Reuters) – Hudson Bay Capital Management, Geode Capital Management and Morgan Stanley were among the large institutional investors that took positions in Donald Trump[...]
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Sports leagues question whether broadcaster Diamond can survive without Comcast
By Dietrich Knauth NEW YORK (Reuters) – Major League Baseball, the National Hockey League and the National Basketball Association said on Wednesday that bankrupt broadcaster Diamond Sports may n[...]
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The inside story of Elon Musk’s mass firings of Tesla Supercharger staff
By Chris Kirkham, Hyunjoo Jin and Abhirup Roy (Reuters) – The day before Elon Musk fired virtually all of Tesla’s electric-vehicle charging division last month, they had high hopes as charging c[...]
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