Underlying US inflation pressures subside in August
(Reuters) – Underlying U.S. inflation pressures moderated in August, with the annual rise in prices excluding food and energy falling…
Credit Suisse Anticipates Q3 Loss Following UBS Takeover
Credit Suisse, now a part of UBS, expects to report a third-quarter loss of approximately $1.6 billion due to the…
Dow futures tick higher, Nike shares sprint up premarket
U.S. stock futures pointed higher on Friday, suggesting an extension of gains made in the prior session, although equities are…
Intel hails ‘landmark’ as high-volume EUV production begins at Irish plant
(Reuters) – Chipmaker Intel (NASDAQ:INTC) said on Friday it had begun high-volume production using extreme ultraviolet (EUV) lithography machines at…
Japan’s Sony says Zee merger to be delayed by a few months
(Reuters) – Japan’s Sony (NYSE:SONY) Group Corp said on Friday a merger of its Indian unit with Zee Entertainment Enterprises,…
Cathay Pacific buys 32 Airbus A321-200neo aircraft for $4.66 billion
(Reuters) -Hong Kong’s Cathay Pacific Airways (OTC:CPCAY) said on Friday it had purchased 32 Airbus A321-200neo aircraft from Airbus for…
Strikes could idle more Detroit Three auto plants Friday
(Reuters) – United Auto Workers union President Shawn Fain is expected to launch walkouts at more Detroit Three auto factories…
Nike Q1 earnings surpass expectations, dividend increases despite sales shortfall
Nike Inc (NYSE:NKE).’s financial performance in the first quarter of fiscal year 2024 demonstrated resilience, with earnings beating expectations and…
Meta’s new AI assistant trained on public Facebook and Instagram posts
(Reuters) – Meta Platforms used public Facebook (NASDAQ:META) and Instagram posts to train parts of its new Meta AI virtual…
Apple, China met to discuss Beijing’s crackdown on western apps- WSJ
(Reuters) – Apple staff met with Chinese officials in recent months to discuss concerns over new rules that will restrict…