May 31 (Reuters) – Lucid Group (LCID.O) said it expected to raise around $3 billion through an equity offering, nearly two-thirds of which would come from the Public Investment Fund ( PIF) of Saudi Arabia, sending shares of the luxury electric-vehicle maker down 9% after market hours. PIF, which owns more than 60% of the … Read more
HOUSTON, May 31 (Reuters) – Shareholders of Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) overwhelmingly rejected calls for tougher measures to mitigate climate change on Wednesday, dismissing more a dozen climate-related proposals at their annual meeting. meetings. The findings helped the two biggest US oil producers resist pressure from investor groups calling on the … Read more
Five killed in Luhansk village – Moscow-backed official Four injured in Ukrainian shelling of border town governor Refinery strikes latest attacks on Russian infrastructure MOSCOW/KIEV, May 31 (Reuters) – Russia said Ukrainian artillery struck a Russian city for the third time this week and drones hit two oil refineries in a spike in attacks on … Read more
WASHINGTON, May 31 (Reuters) – Amazon.com (AMZN.O) and a subsidiary on Wednesday reached separate multimillion-dollar settlements with the U.S. Federal Trade Commission over violations of the privacy of children using her voice assistant Alexa and owners using her ring. doorbell camera. Amazon has agreed to pay $25 million to settle claims it violated children’s privacy … Read more
BENGALURU, May 31 (Reuters) – U.S. home prices will fall less than expected this year before stagnating in 2024, despite widespread expectations interest rates will stay higher for longer, real estate analysts polled by Reuters. Even as the US Federal Reserve embarked on its most aggressive tightening cycle in four decades, average home prices fell … Read more
(1/3) Tesla Chief Executive Elon Musk stands near Chinese Minister of Commerce Wang Wentao before leaving the Chinese Ministry of Commerce in Beijing, China May 31, 2023. REUTERS/Tingshu Wang BEIJING, May 31 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk kicked off his second day in China with visits to the country’s Commerce Ministry and … Read more
SHENZHEN, China, May 31 (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the United States is becoming increasingly difficult. Prior to 2019, there were few major barriers to a Chinese company doing business in the United States from China. But amid escalating trade tensions between the United States and China, particularly after Washington … Read more
May 30 (Reuters) – Nvidia Corp (NVDA.O) was on track on Tuesday to cross $1 trillion in market capitalization for the first time, making it the first U.S. chipmaker to join the trillion club. dollars. Shares of the company last rose 3.5% to $402.91 in premarket trading. Meta, valued at around $670 billion at the … Read more
BEIJING, May 30 (Reuters) – A private jet used by Tesla Inc (TSLA.O) CEO Elon Musk has arrived in Beijing, a Reuters witness said. Musk is expected to meet senior Chinese officials and visit Tesla’s factory in Shanghai, sources said, in what would be his first trip to China in three years. Tesla did not … Read more
TAIPEI, May 29 (Reuters) – Artificial intelligence means anyone can now be a computer programmer because all they have to do is talk to the computer, the CEO of Nvidia Corp said on Monday ( NVDA.O), Jensen Huang, hailing the end of the “digital divide”. Nvidia has become the world’s most valuable listed semiconductor company … Read more
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