By Arsheeya Bajwa (Reuters) – Nvidia forecast third-quarter gross margin on Wednesday that could miss market estimates and revenue that was largely in line, failing to impress investors who have driven a dizzying rally in its shares as they bet billions on the future of AI. In a sign the market wants more from a …
Nvidia’s outlook fails to impress growth-hungry investors, shares fall Read More »
By Gabriel Stargardter and Tassilo Hummel PARIS (Reuters) -A French judge put Telegram boss Pavel Durov under formal investigation on Wednesday in a probe into organized crime on the messaging app, but granted the entrepreneur bail on condition he pays 5 million euros, reports twice a week to police and does not leave French territory. …
French authorities charge Telegram’s Durov in probe into organized crime on app Read More »
By Lisa Baertlein LOS ANGELES (Reuters) – The Alette Maersk was the first container vessel powered by low-carbon methanol fuel to cross the Pacific Ocean – a milestone in the shipping industry’s effort to reduce its climate impact. But when the 1,148-foot (350-meter) vessel arrived at the Port of Los Angeles from China last week, …
Maersk says ocean shipping’s zero-emissions push needs government support Read More »
BERLIN (Reuters) – Cybercrime and other acts of sabotage have cost German companies around 267 billion euros ($298 billion) in the past year, up 29% on the year before, according to a survey published on Wednesday. Industry association Bitkom surveyed around 1,000 companies from all sectors and found that 90% expect more cyberattacks in the …
Cybercrime and sabotage cost German firms $300 billion in past year Read More »
(Reuters) – HP Inc beat Wall Street estimates for third-quarter revenue on Wednesday, marking its first quarter of revenue growth after eight consecutive quarters of decline. The turnaround was primarily driven by a recovery in the personal computer market, bolstered by demand for artificial intelligence-capable systems. The PC market has been on a resurgence lately …
HP returns to revenue growth, driven by PC market recovery and AI demand Read More »
By Khushi Singh and Ankika Biswas (Reuters) -UK’s main FTSE 100 stock index ended flat on Wednesday as a sharp sell-off in luxury and metal mining shares was offset by gains in aerospace-defence and pharmaceuticals. The blue-chip FTSE 100 index was largely unchanged, after rising for the fourth straight session on Tuesday, while the domestically-focused …
FTSE 100 ends flat; miners, luxury stocks lead declines Read More »
By Chiara Holzhaeuser, Andrey Sychev and Klaus Lauer BERLIN (Reuters) -German media, services and education conglomerate Bertelsmann is planning new acquisitions in the United States to accelerate growth there, it said on Wednesday, after the U.S. became its largest sales contributor for the first time in the first half of 2024. “There will definitely be …
Bertelsmann eyes further acquisitions to drive US growth Read More »
By Marie Mannes STOCKHOLM (Reuters) -Polestar said on Wednesday it will replace current CEO Thomas Ingenlath with a former boss of Opel and EV startups, the latest senior management change at a challenging time for the loss-making electric vehicle (EV) maker and the automotive industry. Its new CEO, Michael Lohscheller has previously served as CEO …
Swedish EV maker Polestar appoints Michael Lohscheller as CEO Read More »
By Terje Solsvik and Marie Mannes OSLO (Reuters) -SAS said on Wednesday it has exited U.S. Chapter 11 bankruptcy proceedings, with the Scandinavian airline’s CEO hailing a “new era” with a stronger balance sheet and new owners. Sweden-based SAS restructured debt of more than $2 billion, adjusted its fleet and delisted its stock in a …
Scandinavian airline SAS hails ‘new era’ as exits US bankruptcy process Read More »
By Pranav Kashyap (Reuters) -European shares touched a more-than-one-month high on Wednesday, boosted by technology stocks ahead of Nvidia’s results later in the day and as Ageas’ better-than-expected results lifted insurance stocks. The pan-European STOXX 600 index rose 0.2% to 520.09 points. It hit its highest level since July 15 earlier in the session. Technology …
Tech, insurance stocks lift STOXX 600 to over one-month high Read More »
