Chipmaker Wolfspeed’s shares hit 27-year low over uncertain federal funding
By Kritika Lamba (Reuters) – Wolfspeed’s shares lost half their value on Friday, hitting their lowest level since 1998, as…
Category: Business
TikTok Shop steps up Europe expansion with US future unclear
LONDON (Reuters) – E-commerce platform TikTok Shop said it will launch to users in France, Germany, and Italy on Monday,…
GameStop shares tumble as investors question bitcoin pivot
By Lisa Pauline Mattackal (Reuters) – Shares of GameStop fell more than 15% on Thursday after the company’s plan to…
X to report first annual ad revenue growth since Musk’s takeover, data shows
By Jaspreet Singh (Reuters) – Elon Musk-owned social media platform X is poised for the company’s first year of advertising…
OpenAI does not expect to be cash-flow positive until 2029, Bloomberg News reports
(Reuters) – OpenAI is not expecting its cash flow to turn positive until 2029, Bloomberg News reported on Wednesday, citing…
Stellantis’ Maserati boosts customisation options ahead of relaunch plans
ROME (Reuters) – Italian sports car maker Maserati, one of the worst performing brands within the Stellantis group, said on…
Tesla’s sales and market share in Europe drop again in February
By Alessandro Parodi and Greta Rosen Fondahn (Reuters) -Tesla’s market share in Europe continued to shrink in February as sales…
China’s DeepSeek releases AI model upgrade, intensifies rivalry with OpenAI
BEIJING (Reuters) – Chinese artificial intelligence startup DeepSeek released a major upgrade to its V3 large language model, intensifying competition…
Ripple Labs says it settles with US SEC, will pay reduced $50 million fine
By Jonathan Stempel NEW YORK (Reuters) – Ripple Labs agreed to settle a U.S. Securities and Exchange Commission civil lawsuit…
Oil loading slows at Venezuela’s ports amid US tariffs, license termination, data shows
By Marianna Parraga (Reuters) -Loading of Venezuela’s heavy crude at its main oil ports slowed this week after the U.S.…