U.S. prosecutors look at short selling in bank shares – source
Federal prosecutors in Washington are looking into short seller activity around the recent volatility in U.S. bank shares sparked by the failure of three regional
Lucid losses put Saudi Arabia’s EV strategy in the headlamps
Lucid’s electric vehicles are often displayed prominently at public events and financial conferences in Saudi Arabia to symbolise its crown prince’s multi-billion dollar “Vision 2030”.
Sonos shares crash as forecast fails to strike a chord
Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries that consumers were
EV maker Rivian takes bold bet with higher-priced vehicles amid heating competition
Rivian Automotive Inc is betting it can keep prices high for its debut lines of electric pickup trucks and sport-utility vehicles even when competition swells, its
From PaLM to Sidekick, Google serves up a ‘smorgasbord’ of AI
Google announced a flurry of artificial intelligence products – but users might need AI just to understand them all. The Alphabet Inc unit on Wednesday demonstrated
Panasonic delays production of new Tesla battery to improve performance
Panasonic said on Wednesday that it will delay the commercial production of its 4680 battery cells championed by Tesla CEO Elon Musk and begin operations during
JPMorgan CEO Dimon says bank is convening a ‘war room’ on debt ceiling
JPMorgan Chase & CO CEO Jamie Dimon said on Thursday the bank is convening weekly meetings to discuss the implications of a potential U.S. default, according
Microsoft signs 10-year deal with Spain’s Nware after UK blocks Activision bid
Microsoft Corp said on Friday it signed a 10-year deal with Nware to bring Xbox and Activision Blizzard games to the Spanish cloud-gaming platform, days after Britain
Amid concerns about TikTok, Commerce details effort to secure U.S. data
The Biden administration outlined efforts this week to address growing U.S. national security concerns on foreign companies’ handling of Americans’ data. Commerce Secretary Gina Raimondo
China’s Didi sees 2022 revenue hit by COVID, net loss narrows
Chinese ride hailing giant Didi Global on Saturday reported a 19% year-on-year fall in 2022 revenue, as the country’s COVID lockdowns and a regulatory crackdown
