China natural disasters cost $3.3 billion in first quarter, government says
BEIJING (Reuters) – Floods, droughts, an earthquake and freezing conditions in China caused direct economic losses of 23.76 billion yuan…
US lawmakers angry after Huawei unveils laptop with new Intel AI chip
WASHINGTON (Reuters) -Republican U.S. lawmakers on Friday criticized the Biden administration after sanctioned Chinese telecoms equipment giant Huawei unveiled a…
Tesla cuts Full Self-Driving subscription prices in US, Canada
(Reuters) -Elon Musk’s Tesla said on Friday it has cut prices of its Full Self-Driving (FSD) subscriptions in the United…
JPMorgan profit beats estimates even as interest income misses predictions
By Nupur Anand and Niket Nishant (Reuters) -JPMorgan Chase’s profit beat estimates in the first quarter, but its shares fell…
Exclusive-OpenAI’s Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers
By Krystal Hu and Dawn Chmielewski (Reuters) – OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company…
Citi profit falls on severance costs from reorganization while stock slides
By Manya Saini and Tatiana Bautzer (Reuters) -Citigroup’s first-quarter profit fell 27% as the bank took charges related to its…
Netherlands pledges 4 billion euros in Ukraine military support through 2025
AMSTERDAM (Reuters) -The Netherlands will provide Ukraine with an additional 1 billion euros ($1.06 billion) in military support this year,…
Morgan Stanley’s wealth arm under probe by multiple regulators, WSJ reports
(Reuters) -Morgan Stanley’s wealth management arm is being probed by multiple regulators, the Wall Street Journal reported on Thursday, citing…
Rent the Runway shares get caught up in AI frenzy, surge over 200%
By Ananya Mariam Rajesh (Reuters) -Traders piled into shares of Rent the Runway on Thursday, sending the shares up by…
Analysis-Traders bet the ECB will chart its own rate cut path
By Yoruk Bahceli and Naomi Rovnick (Reuters) – Traders’ bets on multiple ECB interest rate cuts this year have barely…