Apple slashes sales estimates of its headset – Bloomberg News
(Reuters) – Apple Inc has lowered sales estimates for its long-awaited mixed-reality headsets by about two-thirds, Bloomberg News reported on…
Business
Alibaba misses revenue estimate, approves cloud unit spinoff
(Reuters) – China’s Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations on Thursday and…
Exclusive-India, UK still far apart on free trade deal – sources
By Shivangi Acharya, Aditi Shah and Aftab Ahmed NEW DELHI (Reuters) – India and Britain are struggling to make progress…
U.S. existing home sales post second straight monthly decline
WASHINGTON (Reuters) – U.S. existing home sales fell for a second straight month in April, with prices rising in roughly…
Grab’s soft delivery sales overshadow improving bottomline
(Reuters) – Grab Holdings Ltd said on Thursday that an early Ramadan weighed on sales at its delivery business, taking…
‘Big money never buys cheap’: Why investors are waiting on Japan
By Summer Zhen HONG KONG (Reuters) – As Japan’s stock market roars to multi-decade highs, large investors with long memories…
Analysis-GM’s 2025 EV output could be crimped by battery bottleneck
By Paul Lienert (Reuters) – General Motors has said it will have the capacity to build 1 million electric vehicles…
Fed’s Jefferson: Inflation “too high,” but impact of high rates not full felt yet
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Governor and vice chair nominee Philip Jefferson said progress on inflation may…
GE finance chief Dybeck Happe to step down
(Reuters) -General Electric Co said on Thursday Carolina Dybeck Happe would step down as finance chief of the industrial giant,…
Panasonic plans multiple new battery factories in North America by 2030
TOKYO (Reuters) -Japan’s Panasonic Holdings Corp aims to ramp up production of battery cells used in electric vehicles by building…