(Reuters) -Elon Musk’s Tesla said on Friday it has cut prices of its Full Self-Driving (FSD) subscriptions in the United States and Canada, as it seeks to drive adoption amid softening demand and price competition. The subscriptions will be priced at $99 per month in the U.S. and C$99 ($71.88) in Canada, the electric vehicle…
By Nupur Anand and Niket Nishant (Reuters) -JPMorgan Chase’s profit beat estimates in the first quarter, but its shares fell 6% after forecasts for interest income fell short of analysts’ expectations on Friday. The largest U.S. lender slightly increased its estimate for net interest income (NII), or the difference between what a bank earns on…
By Krystal Hu and Dawn Chmielewski (Reuters) – OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and other OpenAI executives pitched AI services for corporate use, going head to head in some cases with financial backer Microsoft, attendees told…
By Manya Saini and Tatiana Bautzer (Reuters) -Citigroup’s first-quarter profit fell 27% as the bank took charges related to its reorganization, although it beat expectations as revenues grew in key divisions. The bank’s shares were volatile, wiping out an earlier gain to slide 2% while other bank stocks also weakened. Citi’s net income fell to…
AMSTERDAM (Reuters) -The Netherlands will provide Ukraine with an additional 1 billion euros ($1.06 billion) in military support this year, and has earmarked 3 billion euros for 2025, caretaker Dutch Prime Minister Mark Rutte said on Friday. The extra support in 2024 takes the total sum for this year to 3 billion euros and will…
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