Lucid posts quarterly revenue well below estimates as EV price war hits demand
By Akash Sriram and Abhirup Roy (Reuters) -Electric vehicle (EV) maker Lucid Group Inc reported lower-than-expected first-quarter revenue on Monday…
Technology
Crypto exchange Bittrex files for bankruptcy after SEC complaint
By Dietrich Knauth (Reuters) – Cryptocurrency exchange Bittrex Inc filed for bankruptcy protection on Monday, three weeks after the U.S….
New York Times to get around $100 million from Google over three years – WSJ
(Reuters) – The New York Times is getting around $100 million from Google over three years as part of a…
Palantir jumps on forecast for profit every quarter in 2023, AI demand
By Chavi Mehta (Reuters) -Palantir Technologies said on Monday it expects to turn a profit every quarter in 2023, betting…
Western Digital Corp sees weak fourth quarter on slower recovery for memory chips
(Reuters) – Memory chip firm Western Digital Corp forecast fourth-quarter revenue below Wall Street estimates and a bigger current-quarter loss,…
Crypto stocks drop after Binance halts bitcoin withdrawals for hours
By Jaiveer Shekhawat (Reuters) -Shares of cryptocurrency- and blockchain-related companies fell in early trading hours on Monday after Binance halted…
EU draft Data Act puts trade secrets at risk, Siemens, SAP say
By Foo Yun Chee BRUSSELS (Reuters) – German business software maker SAP and German engineering company Siemens have joined U.S….
Apple loses bid to revive US copyright claims over iOS simulation
By Blake Brittain (Reuters) – Apple Inc on Monday failed to convince a U.S. appeals court that security startup Corellium…
Uber rival Bolt seeks to turn profitable next year, IPO in 2025
By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in the next…
Qualcomm to acquire Israeli auto-chip maker Autotalks
(Reuters) -Qualcomm Inc said on Monday that it would acquire Israel’s Autotalks Ltd, a maker of chips used in crash-prevention…