Reuters US Business

(Reuters) -Global equity funds attracted net inflows for the first time in four weeks in the week through June 11, driven by a benign U.S. inflation report and developments on a U.S.-China trade deal, though simmering Middle East tension tempered investor interest. Investors acquired a net $3.19 billion worth of global equity funds during the …

Global equity funds draw inflows on cooler CPI report, U.S.-China deal Read More »

By Max A. Cherney SAN JOSE (Reuters) -Advanced Micro Devices has forged close ties to a batch of artificial intelligence startups as part of the company’s effort to bolster its software and forge superior chip designs. As AI companies seek alternatives to Nvidia’s chips, AMD has begun to expand its plans to build a viable …

AMD turns to AI startups to inform chip, software design Read More »

(Reuters) -Apple’s iPhone sales rose to the top spot in China in May, with global sales growing 15% year-on-year during April and May in the tech giant’s strongest performance for the two-month period since the COVID-19 pandemic, data from Counterpoint Research showed. The increase in global sales was primarily driven by a return to growth …

Apple’s iPhone sales capture top spot in Chinese market in May, Counterpoint Research says Read More »

(Reuters) -Tesla said on Thursday it upgraded its Model S and Model X cars in the U.S. and raised their prices by $5,000, according to the electric vehicle maker’s post on X and its website. Prices were hiked for all configurations of the two models by $5,000, Tesla’s website showed. The all-wheel drive version of …

Tesla upgrades its Model S and X cars in US, raises prices by $5,000 Read More »

(Reuters) -Air taxi maker Archer Aviation on Thursday said it raised $850 million in funding following executive orders signed by U.S. President Donald Trump to boost electric air taxis. Trump’s orders also focused on bolstering U.S. defenses against hostile drones, and supporting the development of supersonic commercial aircraft. Earlier this year, Archer secured $300 million …

Air taxi maker Archer raises $850 million after Trump executive order Read More »

(Reuters) -Railroad operator Norfolk Southern said on Thursday it had elected former Delta Air Lines CEO Richard Anderson as the independent chair of the board effective immediately. Anderson will additionally serve as chair of the Executive Committee and Strategy & Planning Committee, the company said. The aviation veteran’s appointment comes after Claude Mongeau resigned from …

Norfolk Southern board elects Richard Anderson as chair Read More »