AI lesson for Microsoft and Google: Spend money to make money
(Reuters) – Artificial intelligence is expected to pay off big for tech giants including Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) someday.…
XPeng and Volkswagen enter $700M strategic EV partnership and share agreement
Chinese electric vehicle maker, XPeng (NYSE:XPEV) announced alongside Volkswagen (ETR:VOWG_p) that the two automakers have entered into a strategic technical…
Santander Brasil weighs on group results as Q2 net profit falls 45%
(Reuters) -Brazilian lender Santander Brasil on Wednesday reported a 45% drop in second quarter net profit, dragging on the performance…
Oil dips ahead of Fed rate decision
(Reuters) – Oil prices slipped on Wednesday, with investors cautious ahead of an expected Federal Reserve rate hike later in…
White House launches methane emission task force to boost leak detection
(Reuters) – The Biden administration on Wednesday launched a Cabinet-level task force that will corral federal agencies to use technology…
Limited support for central bank digital currencies in global investment industry survey
(Reuters) – The most comprehensive survey of the global investment industry on central bank digital currencies to date has shown…
Dollar slips before Fed, euro rises on ECB rate hike bets
(Reuters) – The dollar edged lower on Wednesday but hovered close to a two week high ahead of an expected…
Evergrande electric vehicle unit reports about $10 billion loss for 2021, 2022
(Reuters) – China Evergrande New Energy Vehicle Group reported a combined net loss of 71.12 billion yuan ($9.95 billion) for…
Boeing boosts monthly 737 production to 38, posts upbeat earnings
(Reuters) -Boeing said on Wednesday it was ramping up production of its bestselling 737 MAX narrow-body jet to 38 per…
Coca-Cola raises revenue, profit forecasts on resilient demand, higher prices
(Reuters) -Coca-Cola Co raised its annual revenue and profit forecasts on Wednesday, betting on higher pricing and resilient demand for…