By Alessandro Parodi (Reuters) – Global sales of fully electric and plug-in hybrid vehicles rose for a seventh consecutive month in November, jumping 32% year on year for a third consecutive record high, data from market research firm Rho Motion showed on Friday. China continued to lead sales growth, accounting for almost 70% of total …
Global EV sales hit third consecutive record high Read More »
By Arsheeya Bajwa and Zaheer Kachwala (Reuters) -Broadcom forecast quarterly revenue above Wall Street estimates on Thursday and predicted booming demand for its custom artificial intelligence chips in the next few years. Shares of the Palo Alto, California-based company were up 14% in aftermaket trade after CEO Hock Tan told investors on a conference call …
Broadcom forecasts Q1 revenue above estimates on strong AI chip demand Read More »
By Echo Wang NEW YORK (Reuters) -Wall Street pulled back on Thursday as investors evaluated key economic indicators ahead of the Federal Reserve’s meeting next week. A Thursday Labor Department report showed U.S. producer prices rose more than forecast in November, though a moderation in service costs pointed to a continuation of the broader disinflationary …
Wall Street closes lower as investors assess data after recent gains Read More »
(Reuters) – Macy’s said on Thursday a re-evaluation of its financials showed that the department store chain’s internal control, including proper record maintenance, was not effective as of February this year. The retailer had initiated an evaluation in late November after it found that an employee hid as much as $154 million in expenses over …
By Dawn Chmielewski, Deborah Mary Sophia and Aditya Soni (Reuters) -Warner Bros Discovery on Thursday decided to separate its declining cable TV businesses such as CNN from streaming and studio operations such as Max, laying the groundwork for a potential sale or spinoff of its TV business as more cable subscribers cut the cord. Shares …
Warner Bros Discovery sets stage for potential cable deal by splitting operations Read More »
By Kanishka Singh WASHINGTON (Reuters) – Texas Attorney General Ken Paxton said on Thursday his office launched investigations into over a dozen technology platforms over their privacy and safety practices for minors. Those being probed included artificial Intelligence chatbot startup Character.AI and fourteen other platforms like Reddit, Instagram and Discord, the Texas attorney general added. …
Texas probes tech platforms over safety and privacy of minors Read More »
By Helen Coster (Reuters) -U.S. President-elect Donald Trump has pledged to make tariffs and tax cuts the key elements of his economic agenda when he takes office in January. His November election victory was fueled largely by voter concern about the economy. Several prominent budget forecasters have estimated Trump’s tax-cut plans would add $3.6 trillion …
Factbox-Tariffs, tax cuts core to Trump’s economic agenda Read More »
(Reuters) – U.S. energy storage market saw record growth in the third quarter with 3,806 megawatts (MW) worth installations and 9,931 megawatt-hours (MWh) deployed, Wood Mackenzie said in a report on Thursday. This was a 80% and 58% increase, respectively, from a year earlier, the report, which was developed in partnership with the American Clean …
US grid-scale energy storage sees record installations, deployments in Q3 Read More »
By Jody Godoy (Reuters) – Andrew Ferguson, President-elect Donald Trump’s pick to chair the U.S. Federal Trade Commission, has expressed the desire to go after Big Tech companies while taking a hands-off approach to regulating artificial intelligence. Ferguson’s views on social media, data privacy, AI and the need to boost American competitiveness are likely to …
Factbox-How Trump’s new FTC chair views AI, Big Tech Read More »
By Tom Hals (Reuters) -Attorneys general in Minnesota and New Jersey sued Glock on Thursday, accusing the company of making handguns that are easily modified to fire as illegal machine guns through a cheap add-on known as a “Glock switch.” The lawsuits said the $20 switches transform Glock handguns, which the complaints said were the …
Two US states sue Glock over machine gun conversion Read More »
