Tesla short sellers set to pocket about $1.4 billion in profits after stock slump
(Reuters) -Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on…
Apple takes fight against $587 million EU antitrust fine to court
By Foo Yun Chee BRUSSELS (Reuters) -Apple took a challenge against EU regulators to Europe’s second highest court on Monday…
Exxon signals lower oil, gas prices could hit second-quarter profit
By Sheila Dang HOUSTON (Reuters) -Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter…
Ford accuses law firms of fraudulent overbilling, including a 57-1/2 hour workday
By Jonathan Stempel (Reuters) – Ford sued several California lawyers and law firms on Wednesday, accusing them of fraudulently inflating…
Walmart plans job cuts in restructuring push to simplify operations
(Reuters) -U.S. retail bellwether Walmart is planning to cut about 1,500 jobs as part of a restructuring push to simplify…
Nike set to raise prices next week, plans to sell on Amazon again
(Reuters) -Nike is planning to raise prices of some products from next week and will sell items on Amazon after…
Zoom lifts annual forecasts on robust demand amid AI push
By Juby Babu (Reuters) -Zoom Communications raised its annual revenue forecast on Wednesday, benefiting from hybrid work trends and the…
US weighs letting UAE buy over a million advanced Nvidia chips, Bloomberg News reports
(Reuters) – The Trump administration is weighing a deal that would allow the UAE to import more than a million…
Intel has limited customer commitments for latest chip manufacturing tech, CFO says
(Reuters) -The volume of processors Intel is set to produce for external customers using its upcoming manufacturing technology is currently…
Last-ditch lobbying blitz seeks to save Biden’s clean-energy tax credits
By Valerie Volcovici WASHINGTON (Reuters) -U.S. energy industry trade groups have launched a last-minute lobbying blitz to urge Congress members…