FedEx slips after disappointing fourth quarter results Crypto Stock Gains as Bitcoin Loses $30,000 Tesla drops after Barclays downgrade Indices down: Dow 0.30%, S&P 0.52%, Nasdaq 1.21% NEW YORK, June 21 (Reuters) – U.S. stocks closed lower on Wednesday as Federal Reserve Chairman Jerome Powell’s testimony to Congress reinforced the central bank’s aim to contain … Read more
Raises EV sales target by 2030 to 2 million units from 1.87 million Use LFP batteries for the first time from around 2025 Sell two factories in China, rationalize the other two factories SEOUL, June 20 (Reuters) – Hyundai Motor will increase its average annual investment in electrification by almost two-thirds to $28 billion over … Read more
(1/2) A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th Paris International Air Show at Le Bourget airport near Paris, France, June 19, 2023. REUTERS / Benoit Tessier IndiGo signs deal for 500 Airbus planes Jet makers face supply challenges to … Read more
Intel to receive 10 billion euros in subsidies from Germany – source Decision highlights Berlin’s efforts to attract foreign investment Intel shares -0.7% in Frankfurt BERLIN/STOCKHOLM, June 19 (Reuters) – Germany will give U.S. chipmaker Intel 10 billion euros ($10.91 billion) in subsidies for its planned plant in Magdeburg, a source familiar with the matter … Read more
RUICHANG, China, June 19 (Reuters) – When Steven Du took over his parents’ factory producing climate control systems in Shanghai, one of the first changes he made was turning on the heating of the factory in winter – something his frugal ancestors were reluctant to do. TO DO. “If you don’t improve their environment, workers … Read more
Ease of employing 2,000 workers Poland ‘a bit hungrier’ than rivals – CEO No details of grants awarded WROCLAW, Poland/STOCKHOLM, June 16 (Reuters) – Intel (INTC.O) plans to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland. Poland, as part of a multi-billion dollar investment campaign across Europe … Read more
SAN FRANCISCO, June 15 (Reuters) – Alphabet Inc is warning employees about how they use chatbots, including its own Bard, as it markets the program worldwide, said four people familiar with the matter. Reuters. Google’s parent company advised employees not to enter its confidential documents into AI chatbots, the people said, and the company confirmed, … Read more
May data points to economic slowdown Industrial production and retail sales growth beat expectations Youth unemployment rate hits record high The fall in real estate investment is accentuated PBOC lowers key rates to boost demand BEIJING, June 15 (Reuters) – China’s economy stumbled in May, as industrial production and retail sales growth missed expectations, bolstering … Read more
SEOUL, June 12 (Reuters) – A former Samsung Electronics (005930.KS) executive in South Korea was charged on Monday with stealing the company’s technology for a copycat chip factory in China and endangering security national economy, prosecutors said. South Korea is a chip-making powerhouse, increasingly squeezed by the geopolitical and economic rivalry between the United States … Read more
PGA Tour calls deal ‘historic day’ for golf The agreement puts an end to disputes between the parties PGA Tour players are shocked by the surprise announcement Merger criticized by families of 9/11 victims June 6 (Reuters) – The golf world was stunned on Tuesday as the PGA Tour, DP World Tour and rival Saudi-backed … Read more
