Tesla slashes Model Y production in Shanghai, data shows
SHANGHAI (Reuters) – Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at…
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Micron hit with $445 million US verdict in Netlist patent trial
By Blake Brittain (Reuters) – Chipmaker Micron Technology owes computer-memory company Netlist $445 million in damages for violating Netlist’s patent…
Medtronic beats fourth-quarter estimates on strength in medical devices
(Reuters) -Health tech firm Medtronic beat Wall Street estimates for quarterly profit and revenue on Thursday, as a pickup in…
Off-price retailer TJX posts upbeat Q1, lifts annual profit view on robust demand
By Anuja Bharat Mistry (Reuters) -TJ Maxx parent TJX Cos posted better-than-expected first-quarter results and raised its annual profit forecast…
Disney strikes deal to sell stake in India’s Tata Play, Bloomberg News reports
BENGALURU (Reuters) – Walt Disney has struck a deal to sell its stake in Tata Play, valuing Indian conglomerate Tata…
Putin approves closure of American Express Russian business
MOSCOW (Reuters) – Russian President Vladimir Putin has granted American Express Co the right to “voluntary liquidate” its Russian business,…
JPMorgan poised to pay $100 million over CFTC trade reporting violations, source says
By Chris Prentice and Nupur Anand NEW YORK (Reuters) – The U.S. Commodity Futures Trading Commission is expected as soon…
Cryptocurrencies gain as investors turn optimistic on ether ETFs
LONDON (Reuters) – Ether was set for its largest two-day gain in nearly two years on Tuesday amid speculation about…
Amazon’s cloud unit pauses orders of Nvidia’s most powerful chip, FT reports
(Reuters) – Amazon.com’s cloud services unit has paused orders of Nvidia’s most advanced “superchip” to wait for a more powerful…
JPMorgan raises 2024 interest income forecast to $91 billion
NEW YORK (Reuters) -JPMorgan Chase on Monday raised its forecast for net interest income (NII), or the difference between what…