Elon Musk visits China as Tesla seeks self-driving technology rollout
SHANGHAI/BEIJING (Reuters) -Tesla CEO Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he was expected to…
Category: Business
U.S. chip bans not meant to hobble China’s growth, Blinken says
By Stephen Nellis (Reuters) – U.S. export controls on sending advanced computing chips to China are not meant to hold…
Google plans $3 billion data center investment in Indiana, Virginia
(Reuters) – Alphabet unit Google said on Friday it would invest $3 billion to set up a data center campus…
Drugmaker AbbVie expects Humira volume erosion to worsen
By Leroy Leo and Christy Santhosh (Reuters) -AbbVie expects a drop in sales volumes of its blockbuster arthritis drug Humira…
American Airlines to adjust routes amid Boeing 787 delivery delays
(Reuters) – American Airlines will be making adjustments to certain routes in the second half of 2024 and the first…
Fitch downgrades Boeing’s outlook to ‘negative’ on production, cashflow challenges
Fitch Ratings downgraded outlook on Boeing to “negative” from “stable” on Friday, amid a fallout from safety crisis impacting the…
Warren Buffett’s real estate brokerage reaches $250 million antitrust settlement
By Jonathan Stempel (Reuters) – A real estate brokerage owned by Warren Buffett’s Berkshire Hathaway said on Friday it reached…
Porsche AG posts Q1 profit drop on ramp-up costs
FRANKFURT (Reuters) -Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the German…
Microsoft results top Wall Street targets, driven by AI investment
By Yuvraj Malik, Anna Tong and Stephen Nellis (Reuters) -Microsoft beat Wall Street estimates for third-quarter revenue and profit on…
Snap beats first-quarter expectations, shares jump 25%
By Sheila Dang (Reuters) -Snap beat Wall Street’s expectations for quarterly revenue and user growth on Thursday, as improvements to…