Apple supplier Foxconn introduces rotating CEO role
TAIPEI (Reuters) – Taiwan’s Foxconn has this month started a rotating chief executive system in an overhaul of its management designed to nurture successors of
Trump Media shares tank after filing shows more stock may be sold
By Echo Wang (Reuters) -Shares of Donald Trump’s social media company slumped 18% on Monday, extending losses since the stock’s debut last month, after the
AMD introduces AI chips for business laptops and desktops
(Reuters) -Advanced Micro Devices unveiled a new series of semiconductors for artificial intelligence-enabled business laptops and desktops on Tuesday as the chip designer looks to
Morgan Stanley profit beats estimates with higher investment banking, wealth revenue
By Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley’s first-quarter profit beat estimates on Tuesday, fueled by a resurgence in investment banking and growth in
Wall Street bosses cheer investment banking gains but stay cautious
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Wall Street’s bosses are finally seeing signs of a broader pickup in investment banking, but
Walmart-backed Ibotta looks to raise $551 million in upsized US IPO
(Reuters) -Ibotta, the digital marketing company backed by Walmart, said on Tuesday it was looking to raise about $551 million in an upsized initial public
Adobe explores OpenAI partnership as it adds AI video tools
By Stephen Nellis SAN FRANCISCO (Reuters) -Adobe is in the early stages of allowing third-party generative artificial intelligence tools such as OpenAI’s Sora and others
Apple denies violating US court order in Epic Games lawsuit
By Mike Scarcella (Reuters) – IPhone maker Apple on Friday denied violating a court order governing its App Store and urged a California federal judge
Strong US retail sales boost first-quarter growth estimates
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence
Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says
(Reuters) – Apple’s smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the