A look at the day ahead in European and global markets from Wayne Cole. Asian markets have been cautiously gauging the fallout from the success of right-wing parties in the European Union and what it might mean for the cohesion of the bloc. EUROSTOXX 50 futures did edge up 0.2%, steadying after Monday’s retreat, while …
Morning Bid: Markets look to steady from political tremors Read More »
By Jonathan Stempel (Reuters) – A California administrative judge rejected Tesla’s bid to dismiss claims by a top state regulator accusing the automaker led by billionaire Elon Musk of overstating its vehicles’ self-driving capabilities. In a decision on Monday, Judge Juliet Cox of the state Office of Administrative Hearings said the accusations by California’s Department …
Tesla must face California’s false-marketing claims concerning Autopilot Read More »
(In first paragraph and bullet point deletes reference to Apple developer conference. In paragraph 10 please read “on the first day of the iPhone maker’s annual developer conference nL1N3HY2GI” instead of “ahead of”. Corrects that developer conference already began.) By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq eked out record closing highs …
S&P 500, Nasdaq post record closing highs; Fed meeting, CPI ahead Read More »
(Reuters) – California’s attorney general on Monday sought to force the world’s biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role in contributing to climate change. The legal action comes months after a new state law went into effect that allows the attorney general to seek …
California seeks company profits in Big Oil climate lawsuit Read More »
By Yuvraj Malik (Reuters) – Apple on Monday unveiled a range of AI-enabled features and software enhancements for its devices, including the iPhone, in a bid to bolster sagging sales. The announcements at its Worldwide Developers Conference (WWDC 2024) were aimed at showing investors that Apple was making progress in AI at a time when …
Factbox-Here’s everything Apple announced at WWDC Read More »
By Greg Roumeliotis and Milana Vinn (Reuters) -Buyout firm Apollo Global and Kyndryl Holdings, the information technology services provider that was spun out of IBM, are in talks about a joint bid for DXC Technology, people familiar with the matter said on Monday. Apollo and Kyndryl have discussed an acquisition offer for DXC of between …
Exclusive-Apollo, Kyndryl in bid for DXC Technology, sources say Read More »
(Reuters) -OpenAI said on Monday it had hired Sarah Friar, the former CEO of social media firm Nextdoor, as its first chief financial officer. The artificial intelligence firm has also appointed Kevin Weil, who has previously worked at Twitter, Facebook and Instagram, as chief product officer. Friar earlier served as CFO at Square and is …
OpenAI hires former Nextdoor CEO Sarah Friar as first CFO Read More »
SYDNEY (Reuters) – Australian broadcaster Nine Entertainment Co Holdings Ltd said its chairman Peter Costello resigned on Saturday and has been replaced by non executive deputy chair Catherine West. “Catherine West has been appointed Chair of NEC,” the company said in a June 9 statement. “The board wishes to thank Mr Costello for his contribution …
Australia’s Nine Entertainment says Peter Costello steps down as chairman Read More »
(Reuters) – Microsoft kicked off its annual Xbox Games Showcase on Sunday, unveiling a new all-digital version of its Xbox Series X and S consoles as well as trailers for more than a dozen games including the next installment of “Call of Duty.” The Games Showcase comes at a crucial time for Xbox and Microsoft …
Microsoft unveils all-digital Xbox consoles, ‘Doom’ title at Games Showcase Read More »
(Reuters) – Tesla will not launch a refreshed Model Y this year, chief executive Elon Musk said in a post on social media X on Saturday. “No Model Y ‘refresh’ is coming out this year”, Musk said, adding that Tesla continuously improves its cars, “so even a car that is 6 months newer will be …
Tesla will not launch refreshed Model Y this year, Musk says Read More »
