Canada’s BMO, Scotiabank report lower income on higher provisions
(Reuters) – Bank of Montreal and Bank of Nova Scotia on Wednesday reported lower adjusted earnings at home as the…
Futures dip as debt ceiling talks drag on
(Reuters) – U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and…
Ree Automotive Holding earnings missed, revenue fell short of estimates
Ree Automotive Holding (NASDAQ: REE) reported first quarter EPS of $-0.09, worse than the analyst estimate of $-0.08. Revenue for…
Cayman Islands regulator explores legal options after Silicon Valley Bank deposit seizure – WSJ
(Reuters) – The Cayman Islands Monetary Authority (CIMA) is exploring legal options after the U.S. Federal Deposit Insurance Corp seized…
China was reducing Micron chip purchases years before ban
(Reuters) – In the years before China declared U.S. firm Micron Technology (NASDAQ:MU)’s products a national security risk, authorities were…
More tech investment needed to prevent aviation accidents – US safety board
(Reuters) – The U.S. needs to invest more in aviation safety technology solutions after a series of close-call runway incidents…
Abbott, other formula makers face FTC investigation for collusion – WSJ
(Reuters) – The U.S. Federal Trade Commission is investigating whether baby-formula makers colluded on bids for attractive state contracts, the…
China’s Lenovo revenue falls for third consecutive quarter as PC demand slumps
(Reuters) – China’s Lenovo Group (OTC:LNVGY) Ltd on Wednesday reported a 24% fall in revenue for the January-March quarter, meeting…
Exclusive-Fast-fashion giant Shein plans Mexico factory – sources
(Reuters) – Online fashion giant Shein is exploring plans to build a factory in Mexico, as one of its manufacturing…
Column-World balance sheet may need AI-style productivity leap: Mike Dolan
(Reuters) – Hype or hope, this year’s boom in artificial intelligence along with other productivity-enhancing tech developments may be one…