Tesla erases $80 billion in valuation after Musk’s sales warning
By Aditya Soni (Reuters) -Tesla tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this…
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PayPal to launch AI-based products as new CEO aims to revive share price
By Hannah Lang (Reuters) -PayPal is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company…
Biden vetoes law blocking EV charging stations’ ‘Buy America’ waiver
By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden on Wednesday vetoed legislation aimed at reversing his administration’s waiver of…
Dow forecasts muted demand after fourth-quarter sales drop
By Saikeerthi . (Reuters) -Dow on Thursday forecast sequentially flat sales for the current quarter after reporting a 10.4% drop…
Tesla warns of slowing growth before new model launch next year
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla expects to start production of its next-generation electric vehicle at its Texas…
S&P 500 ekes out another record high as Netflix and chipmakers leap
By Noel Randewich and Johann M Cherian (Reuters) -The S&P 500 climbed to its fourth straight record high close on…
IBM forecasts annual revenue growth above estimates on AI adoption rush
By Arsheeya Bajwa (Reuters) -IBM forecast full-year revenue growth above market estimates on Wednesday, banking on stable demand for its…
Watchdog flags conflict of interest issue in ex-Fed bank presidents’ trading
(This Jan. 22 story has been corrected to clarify that the trading activity was disclosed after the fact, in paragraph…
Nvidia, Equinix team up to offer AI supercomputers to businesses
By Stephen Nellis SAN FRANCISCO (Reuters) – Data center operator Equinix and Nvidia said on Wednesday they had partnered up…
Ford recalls 2.24 million Ford Explorer SUVs over trim-retention clips
By David Shepardson WASHINGTON (Reuters) -Ford Motor said Wednesday it was recalling 2.24 million older Explorer sport utility vehicles worldwide…