China’s Didi sees 2022 revenue hit by COVID, net loss narrows
BEIJING (Reuters) – Chinese ride hailing giant Didi Global on Saturday reported a 19% year-on-year fall in 2022 revenue, as…
Business
OpenAI closes $300 million funding round at $27 billion-$29 billion valuation – TechCrunch
(Corrects headline and story to show a $300 million share sale, not $10 bln or $10.3 billion) (Reuters) – OpenAI,…
US Fed points finger at Trump-era rollback for SVB demise
By Douglas Gillison (Reuters) -The Federal Reserve on Friday blamed the deregulatory zeal that occurred during the Trump era for…
Wall Street climbs as strong earnings offset slowdown worries, Fed meeting in focus
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – U.S. stock indexes advanced on Friday after strong earnings updates…
US regulators vow to sharpen oversight as SVB, Signature aftershocks reverberate
By Ann Saphir, Hannah Lang and Chris Prentice (Reuters) – U.S. regulators on Friday put large banks on notice that…
Wall Street Week Ahead: Recession worries simmer beneath US stock market rally
By Lewis Krauskopf NEW YORK (Reuters) – Economically sensitive areas of the U.S. stock market are flashing warnings over growth,…
Exxon, Chevron split over how to manage rising cash piles
By Sabrina Valle and Arunima Kumar HOUSTON (Reuters) – The two largest U.S. oil companies – Exxon Mobil Corp and…
Quotes: Fed plans broad revamp of bank oversight in wake of SVB collapse
(Reuters) – The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and…
Pentagon awards $7.8 billion F-35 contract to Lockheed Martin
(Reuters) – The U.S. Department of Defense said on Friday it has awarded a $7.8 billion contract modification for 126…
California moves to phase-out diesel-powered trucks, cut locomotive pollution
By David Shepardson (Reuters) – California regulators on Friday approved new rules requiring all medium- and heavy-duty vehicles sold in…