Vietnam EV maker VinFast names founder as CEO, replaces CFO
By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast on Saturday named its founder and biggest financial backer,…
Category: Business
Wall Street posts small Friday win, but first weekly decline in ten
By David French (Reuters) -U.S. stock indexes endured a topsy-turvy session on Friday but ultimately closed marginally higher, although the…
Maersk warns of major disruption as it diverts ships away from Red Sea
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk is diverting all container vessels from Red Sea routes around Africa’s Cape of Good…
Investors flee to US money market funds on caution as rate cut optimism cools
(Reuters) – U.S. investors reduced holdings in equity funds, shifting to money market funds amid caution before key payroll reports,…
Pharmacy chain Walgreens cuts dividend to save cash, shares slump
By Bhanvi Satija and Mariam Sunny (Reuters) -Walgreens Boots Alliance on Thursday nearly halved its dividend payout as it attempts…
US plans $162 million award to Microchip Technology to boost production
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Thursday it plans to award Microchip Technology $162…
Mobileye’s supply glut warning rattles auto chip stocks
(Reuters) -Self-driving technology company Mobileye Global warned on Thursday that a pullback in orders from customers clearing excess inventory will…
US chip stocks tumble after strongest year since 2009
By Noel Randewich (Reuters) – U.S. chip stocks added to a string of losses on Wednesday, with Wall Street’s main…
Wall St notches second lower finish as 2024 starts with profit-taking
By David French (Reuters) – U.S. stock indexes ended the second session of the year down again in extended profit-taking…
Disney wins activists’ backing in boardroom fight with Peltz
By Svea Herbst-Bayliss (Reuters) -Activist hedge funds ValueAct Capital and Blackwells Capital moved on Wednesday to back Walt Disney Co…