By Echo Wang (Reuters) -Shares of Donald Trump’s social media company slumped 18% on Monday, extending losses since the stock’s debut last month, after the company said it could sell millions of shares in coming months, including the former president’s entire stake. Trading in Trump Media & Technology Group, which operates Truth Social, has been…
By Jason Lange WASHINGTON (Reuters) – U.S. voters view Republican presidential candidate Donald Trump as better for the economy than President Joe Biden , as the incumbent’s approval rating ticked lower in April from the previous month, according to a new Reuters/Ipsos poll. Some 41% of respondents in the three-day poll, which closed on Sunday,…
(Reuters) -Advanced Micro Devices unveiled a new series of semiconductors for artificial intelligence-enabled business laptops and desktops on Tuesday as the chip designer looks to expand its share of the lucrative “AI PC” market. These chips are expected to be available in platforms from HP and Lenovo starting in the second quarter of 2024, AMD…
By Ludwig Burger FRANKFURT (Reuters) -Adidas on Tuesday raised its 2024 profit outlook after what the German sportswear giant said was a better than expected first quarter. In an unscheduled announcement, the company said it now expects full-year operating profit of about 700 million euros ($744 million), up from 500 million euros previously forecast. The…
By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) -Bank of America shares on Tuesday fell more than 3% after its first-quarter profits shrank and the bank set aside more money to cover souring loans from consumers whose finances are worsening. U.S. lenders have cited resilient household finances as evidence that the economy remains on…
By Mike Stone (Reuters) -Lockheed Martin has won a $17 billion contract to develop the next generation of interceptors to defend the United States against an intercontinental ballistic missile attack, the U.S. Missile Defense Agency said on Monday. The interceptor program is aimed at defeating current ballistic missile threats and future technological advances from countries…
By Victoria Waldersee BERLIN (Reuters) -Tesla is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs). “About every five years, we need to reorganize and streamline the company for the next…
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is being asked by EU antitrust regulators about changes to newly acquired cloud computing company VMware’s licensing conditions following complaints from a spate of EU business users and a trade group. The EU competition enforcer said it had sent requests for information to Broadcom to investigate…
By Jack Queen NEW YORK (Reuters) – When prospective New York City jurors gather for Donald Trump’s hush money criminal trial on Monday, it may be tough to find ones who don’t have an opinion about the brash businessman-turned-politician who began building his real estate empire in Manhattan decades ago. They will be questioned by…
By Federico Maccioni and Alun John DUBAI/LONDON (Reuters) -Gulf markets dropped slightly on Sunday, an early indication of investor reaction to Iran’s unprecedented attack on Israeli territory, as investors prepared for trading in most markets to resume Monday, with eyes particularly on oil. Activity could be choppy, since traders are also digesting last week’s global…
