(Reuters) -Dell Technologies beat Wall Street estimates for first-quarter revenue on Thursday, ending a streak of six-quarters of decline, but its results fail to impress investors, sending its shares down more than 13% in extended trading. A surge in demand for high-performance computing and large-scale data centers to support growing adoption of generative AI has…
By Aatreyee Dasgupta (Reuters) – Top U.S. steelmakers are expected to post a decline in second-quarter earnings and could face additional pressure from a further retreat in steel prices heading into a slow summer season, according to analysts. Nucor, Steel Dynamics and U.S. Steel have highlighted a fall in profitability in their steel-making operations on…
Gran Tierra Energy Inc. ( “Gran Tierra” or the “Company” ) ( NYSE:GTE ) ( TSX:GTE ) ( LSE:GTE ) announces that the Company will release its 2025…
Ken Griffin and Citadel disclosed multimillion-dollar stakes in DeFi Development Corp., signaling rising institutional interest in Solana-linked as…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Elon Musk is offering factory tours to 15 Tesla shareholders who vote on his $56 billion pay package at the upcoming meeting, the latest effort by the electric vehicle maker to rally votes for the compensation after a court struck it down. The upcoming vote is seen as…
By Granth Vanaik and Siddharth Cavale (Reuters) – Keith Gill, the meme stock trader “Roaring Kitty,” thrust Chewy Inc into the spotlight when he made a $245 million bet on the online pet products retailer on Monday. What is Chewy and why has it attracted Gill’s interest? WHAT’S THE BUSINESS? Chewy is an $11 billion…
(Reuters) -Saudi Aramco will take a 10% stake in Horse Powertrain, the thermal engines joint venture between Renault and Geely, the Chinese automaker said on Friday. Reuters earlier in the day reported that Aramco was close to buying a 10% stake in Horse Powertrain. The transaction values the joint venture, which supplies gasoline engines, hybrid…
By David Lawder WASHINGTON (Reuters) – A policy group led by the United Steelworkers union and domestic manufacturers is calling for the U.S. to enact stronger trade barriers to Chinese imports after President Joe Biden imposed steep tariffs on Chinese electric vehicles, solar panels and other strategic goods. The Alliance for American Manufacturing (AAM) on…
BEIJING (Reuters) – Chinese Vice Foreign Minister Ma Zhaoxu urged the United States to refrain from “smearing” China and to stop imposing “abusive” sanctions on Chinese companies at talks this week in Washington, China’s foreign ministry said on Friday. Ma met U.S. Deputy Secretary of State Kurt Campbell and deputy national security adviser Jon Finer…
By Andrea Shalal, David Lawder and Karen Freifeld WASHINGTON/NEW YORK(Reuters) -The United States on Friday issued what it described as targeted draft rules for banning or requiring notification of certain U.S. investments in artificial intelligence and other technology sectors in China that could threaten U.S. national security. The U.S. Treasury Department published the proposed rules…
