Category Archives:
Airbnb tumbles as forecast hints at easing U.S. travel demand
(Reuters) - Airbnb's shares slid 13% before the bell on Wednesday after the top vacation rental firm issued a gloomy second-quarter forecast and signaled that the high cost of travel may be finally ca...
May 10, 2023
Big U.S. firms adopt cautious tone on China recovery
(Reuters) - Several U.S. companies, including PepsiCo, Qualcomm and Cummins, struck a cautious note on their growth prospects in China, blaming what they said was a slower-than-expected recovery after...
May 10, 2023
Tellurian appoints Barclays’ Simon Oxley as CFO
(Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc said on Wednesday it has appointed Simon Oxley as chief financial officer, effective June 1. Oxley, who worked at Barclays Investme...
May 10, 2023
China reports first arrest over fake news generated by ChatGPT
BEIJING (Reuters) - A man in China's Gansu province has been detained for allegedly using ChatGPT to generate a fake story about a train crash, marking China's first arrest in an AI-related probe as B...
May 10, 2023
Pharma CEOs to testify in U.S. Senate hearing on insulin prices
By Ahmed Aboulenein WASHINGTON (Reuters) - The leaders of major insulin makers and pharmacy benefit managers (PBMs) are set to blame each other on Wednesday in their testimonies during a U.S. Senate c...
May 10, 2023
New York Times misses revenue estimates as ad spending slows
(Reuters) -The New York Times Co missed quarterly revenue estimates on Wednesday as recession-wary businesses slashed spending on digital ads and readers reconsidered paid subscriptions. High inflatio...
May 10, 2023
Investment consortium to buy Syneos Health in $7.1 billion deal
(Reuters) - An investment consortium, comprising of Elliott Investment Management, Patient Square Capital and Veritas Capital, has agreed to buy Syneos Health Inc, in a deal valued at $7.1 billion, in...
May 10, 2023
Rivian results charge up shares amid EV startup gloom
By Akash Sriram (Reuters) - Shares of Rivian Automotive Inc rose 7% on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff comp...
May 10, 2023
Trulieve Cannabis posts lower first-quarter revenue
(Reuters) - Trulieve Cannabis Corp reported a 9% fall in first-quarter revenue on Wednesday, hurt by subdued demand for pot and related products. Recent banking failures and interest rate hikes have r...
May 10, 2023
China urges giant state firms to be tech ‘pillars’ in self-reliance drive
BEIJING (Reuters) - China has urged big state-owned enterprises (SOEs) to play a key role in its drive to attain self-reliance in technology, raising the stakes in the race amid rifts with the United ...
May 10, 2023
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