By Michael S. Derby (Reuters) -The Federal Reserve said on Tuesday that it officially saw a net negative income of…
Nvidia supplier SK Hynix plans to invest $4 billion in Indiana, WSJ reports
By Arsheeya Bajwa and Joyce Lee (Reuters) -South Korean chipmaker SK Hynix, an Nvidia supplier, is planning to invest roughly…
Dell reduces workforce as part of broader cost cuts
(Reuters) -Dell Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring…
US SEC seeks $2 billion from Ripple Labs, chief legal officer says
By Jody Godoy (Reuters) -The U.S. Securities and Exchange Commission is seeking fines and penalties totaling $2 billion in its…
Luxury EV maker Lucid to raise $1 billion from Saudi’s PIF affiliate
(Reuters) -Lucid said on Monday it is raising $1 billion in capital from an affiliate of Saudi Arabia’s Public Investment…
Trump wins pause of $454 million civil fraud ruling, averting asset seizures
By Jack Queen and Luc Cohen NEW YORK (Reuters) -Donald Trump won a bid on Monday to pause his $454…
Boeing’s ongoing 737 MAX crisis
(Reuters) -Boeing CEO Dave Calhoun will step down by the end of the year, following the planemaker’s ongoing safety crisis…
S&P 500 ends near flat but index posts biggest weekly gain of year
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 ended little changed on Friday, but the index registered its biggest…
Nike warns of revenue dip as it cuts back on key products
By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Nike warned on Thursday that its revenue in the first half of…
Amazon appeals $34.6 million fine by French regulator over staff monitoring
(Reuters) – E-commerce giant Amazon.com said on Friday it has appealed French regulator CNIL’s decision to fine the company 32…