TSMC halts chip supply to customer after finding it in Huawei product, source says
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co has suspended shipments to a customer after it discovered that one of its…
Tesla expects slight growth in 2024 vehicle deliveries, shares jump
(Reuters) -Tesla said on Wednesday it expects to achieve slight growth in vehicle deliveries this year and reported a higher-than-expected…
Justice Dept warns Musk’s super PAC over million dollar giveaways, CNN reports
WASHINGTON (Reuters) – The U.S. Justice Department has sent a letter to Elon Musk’s super PAC warning that the billionaire…
Arm Holdings to cancel Qualcomm chip design license, source says
(Reuters) -Chip firm Arm is cancelling an architectural license agreement that allows Qualcomm to use its intellectual property to design…
Shift to electric vehicles will have far-reaching impact, IMF says
(Reuters) – The global transition toward electric vehicles will have “far-reaching” impacts on investment, production, international trade and employment, the…
Peloton to sell high-end exercise bikes at certain Costco stores
(Reuters) – Peloton plans to sell its high-end exercise bikes at some of Costco’s U.S. stores and on the retailer’s…
Elon Musk delivers cash, conspiracies to Pennsylvania voters
By Jarrett Renshaw HARRISBURG, Pennsylvania (Reuters) – For four days billionaire Elon Musk toured Pennsylvania, putting his money and fame…
JPMorgan chief Dimon would consider a role in Harris administration, NYT reports
(Reuters) -JPMorgan Chase CEO Jamie Dimon would consider a role, perhaps that of the treasury secretary, if Democratic Vice President…
Wall St drops as investors cautious ahead of big earnings; Treasury yields rise
By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) -Wall Street lost ground on Monday, retreating after a strong rally the…
Lucid says its stock sale will provide ‘cash runway’ well into 2026
DETROIT (Reuters) – Lucid CEO Peter Rawlinson said on Monday that a stock sale announced last week will provide the…