BOGOTA (Reuters) -U.S. car maker General Motors will close its manufacturing operations in Colombia and Ecuador, the company said in a statement on Friday, as part of its shift towards producing next-generation vehicles. Manufacturing will cease at company’s Colmotores plant in Colombia from Friday, it said, while operations will halt at its factory in Ecuador…
(Reuters) – Nvidia led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven surge in chip demand. Nvidia’s market cap soared to $2.69 trillion at the end of May, marking a nearly 25% increase during the month, as the announcement…
(Reuters) – Walmart will, for the first time ever, pay bonuses to its U.S. hourly store workers, including those at its pharmacy and Vision Center stores, the retailer said on Wednesday, in a move that could boost wages for 700,000 front-line staff. Both part-time and full-time associates will be eligible for the annual bonus program,…
By Luc Cohen and Susan Heavey NEW YORK/WASHINGTON (Reuters) -Donald Trump’s July 11 sentencing on charges stemming from hush money paid to a porn star may be delayed after prosecutors said on Tuesday they don’t object to giving the former U.S. president a chance to argue he should have been immune from prosecution. Trump’s lawyers…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The clock is ticking for Keith Gill, the stock influencer known on YouTube as “Roaring Kitty,” to lock in gains on his options position in GameStop as the company’s share price wobbles and the expiration date for the contracts draws closer. Shares of GameStop tumbled 12% on…
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Sales fell for the first time ever at China’s blowout mid-year e-commerce sales festival as consumers remain cautious about spending as the economy sputters, according to third-party data estimates released on Wednesday. Combined gross merchandise volume (GMV), a widely used proxy for e-commerce sales, reached 742.8 billion…
(Reuters) -Intel is in advanced talks for a deal with Apollo Global Management in which the equity firm would provide more than $11 billion to build a facility in Ireland, the Wall Street Journal reported on Monday. The move comes as Intel looks to expand its presence across the United States with a planned $100-billion…
By Sruthi Shankar and Medha Singh (Reuters) – GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge…
MEXICO CITY (Reuters) -Ford shipped out its first batch of cars from the once-ignored Guaymas port near its plant in the northern Mexican state of Sonora on Tuesday, in a project that, if fully launched, could cut its logistics costs by 30%. The initial shipment of pick-ups and Broncos, headed for Chile, is part of…
JERUSALEM (Reuters) – Israeli troops battled Palestinian fighters in Khan Younis in southern Gaza and destroyed tunnels and other infrastructure, as they sought to suppress small militant units that have continued to hit troops with mortar fire, the military said on Friday. The Israeli Defence Forces (IDF) said troops had killed around 100 Palestinian fighters…
