China’s AI industry barely slowed by US chip export rules
By Stephen Nellis, Josh Ye and Jane Lanhee Lee (Reuters) -U.S. microchip export controls imposed last year to freeze China’s…
Business
TikTok to launch ad product that will give premium content creators 50% cut
(Reuters) – TikTok said on Wednesday it is launching a product that well let advertisers place ads alongside content produced…
Etsy tops revenue estimates on demand for personalized products, higher fees
By Granth Vanaik (Reuters) – Etsy Inc on Wednesday beat market expectations for quarterly revenue, benefiting from demand for products…
Marketmind: Fed eyes pause, market bets on pivot
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Fed on…
Corteva raises sales outlook after topping quarterly profit estimates
(Reuters) -Agricultural chemical and seed company Corteva Inc on Wednesday raised its full-year forecast after it beat quarterly profit estimates…
Ford CEO calls electric vehicle market price cuts ‘a worrying trend’
By David Shepardson and Joseph White WASHINGTON (Reuters) -Ford CEO Jim Farley said on Wednesday that price cuts in the…
Equities choppy while Treasury yields, dollar retreat in choppy trading after Fed hikes rates
(Corrects firm name to RBC Wealth Management from RBC Portfolio Advisory Group in paragraph 5) By Sinéad Carew NEW YORK…
Albemarle cuts annual profit forecast on softening lithium prices
By Ernest Scheyder (Reuters) -Lithium producer Albemarle Corp cut its annual profit forecast on Wednesday despite posting a better-than-expected quarterly…
Spirit AeroSystems takes $110 million in charges, profit hit on Boeing 737
By Valerie Insinna and Abhijith Ganapavaram WASHINGTON (Reuters) -Spirit AeroSystems Holdings Inc on Wednesday took a hefty $110 million loss…
PacWest is weighing strategic options, including possible sale – Bloomberg News
(Reuters) – PacWest Bancorp has been weighing a range of strategic options, including a sale, Bloomberg News reported on Wednesday,…