Assets in actively managed ETFs top $1 trillion worldwide
By Suzanne McGee (Reuters) – Assets in actively managed exchange-traded funds (ETFs) worldwide hit a record $1 trillion at the…
Business
Thyssenkrupp steel head prepares staff for ‘tough’ cuts
FRANKFURT (Reuters) – Thyssenkrupp’s 27,000 steel workers must brace for deep cuts, the new head of the conglomerate’s steel division…
Apple drops out of talks to join OpenAI investment round, WSJ says
(Reuters) – Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the…
Toyota to recall over 42,000 vehicles over loss of power brake assist, NHTSA says
(Reuters) – Toyota Motor Corp is recalling over 42,000 U.S. vehicles over loss of power brake assist that can extend…
Chinese automaker BYD seeks further easing of Mexico EV tariffs
MEXICO CITY (Reuters) -Chinese automaker BYD is seeking an extension of tariff relief for electric vehicle imports from Mexico’s government,…
Visa agrees to buy AI-focused enterprise tech firm Featurespace
(Reuters) -Visa has agreed to buy AI-focused Featurespace, which develops enterprise technology preventing fraud and financial crime, for an undisclosed…
Costco Wholesale misses quarterly revenue estimates on still-muted spending
(Reuters) -Costco Wholesale missed market expectations for fourth-quarter revenue on Thursday on cautious spending by budget-conscious customers at its membership-only…
Micron forecasts upbeat first-quarter revenue on strong demand for memory chips
(Reuters) -Micron Technology forecast first-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for its high bandwidth…
Microsoft to spend $1.3 billion in Mexico on cloud, AI tech
MEXICO CITY (Reuters) -Tech giant Microsoft will invest $1.3 billion over the next three years to build up its infrastructure…
Visa falls on report of US DoJ lawsuit alleging debit-card monopoly
By Manya Saini and Niket Nishant (Reuters) – Visa shares fell 3% on Tuesday after a report said the U.S….