Stocks News

By Stephen Nellis (Reuters) – Artificial intelligence chips from Qualcomm Inc beat Nvidia Corp in two out of three measures of power efficiency in a new set of test data published on Wednesday, while a Taiwanese startup bested both in one category.

(Reuters) – WeWork Inc. on Friday said it has adopted a “poison pill” to limit its shareholders from increasing stakes, which would make it difficult for the company to use its net operating loss (NOL) carryforwards to reduce tax.

By Daniel Wiessner (Reuters) – A former model has filed a lawsuit claiming a one-time executive at movie studio Miramax raped her after luring her to a hotel with the promise of a meeting with the company’s then-Chief Executive Harvey Weinstein.

MILAN (Reuters) – Former Italian Prime Minister Silvio Berlusconi spent a second night calmly in the intensive care unit of Milan’s San Raffaele hospital and is reacting positively to treatment, Foreign Minister Antonio Tajani said on Friday.

WASHINGTON (Reuters) – Tesla is recalling just over 400 Model 3 vehicles in the United States because front suspension lateral link fasteners may loosen.

WASHINGTON (Reuters) – General Motors’ self-driving unit Cruise is recalling the automated driving software in 300 vehicles after a March 23 collision with a San Francisco bus.

By Lewis Krauskopf NEW YORK (Reuters) – A closely watched U.S. inflation report next week could help settle one of Wall Street’s most pressing questions: whether the market has correctly pegged the near-term trajectory for interest rates.

(Reuters) – McDonald’s Corp is cutting pay packages for some employees as part of a restructuring that includes layoffs as well as the shutting down of some offices, the Wall Street Journal reported on Friday, citing people familiar with the matter.

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. Treasury yields climbed and U.S. index futures closed modestly higher after employment data for March indicated the labor market remains tight, but was largely in line with market expectations.

SHANGHAI (Reuters) – Tech giant Alibaba is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the explosive success of ChatGPT.

By Ricardo Brito (Reuters) – Giants of the orange juice trade in Brazil have become defendants in a class-action lawsuit seeking billions in damages over an alleged price-fixing scheme that ran between 1999 and 2006, a prosecutor told Reuters.

(Reuters) – JPMorgan Chase & Co is being scrutinized by U.S. regulators for the due diligence the bank conducted on a number of its past acquisitions, the Financial Times reported on Friday, citing people familiar with the matter.

By David Shepardson WASHINGTON (Reuters) – Used electric vehicle sales in the United States rose 32% in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday.

By Tim Hepher and Sophie Yu PARIS/BEIJING (Reuters) – China and France will study the need for cargo planes and long-haul jets “in due course,” a joint statement said on Friday, following a state visit by French President Emmanuel Macron.

By Nupur Anand and Koh Gui Qing NEW YORK (Reuters) – For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last month, lenders appear to be

PARIS (Reuters) – Airbus deliveries fell by 9% to 11% to 127 jets in the first quarter, underscoring pressure on global supply chains, industry sources told Reuters.

US Payrolls rise by 236k in March 2023, while unemployment rate dips to 3.5% and average hourly earnings increase.

By Clotaire Achi LIMOGES, France (Reuters) – French armoured truck maker Arquus, specialised in manufacturing high-tech off-road military vehicles, has gone back to producing more low-tech undercarriages for howitzers as the ground war in Ukraine boosts demand for artillery.

(Reuters) – Paramount Global is exploring selling a majority stake in its online learning service for children, Noggin, the Wall Street Journal reported on Friday, citing people familiar with the situation.

TOKYO (Reuters) – Toyota Motor Corp aims to introduce 10 new battery electric vehicle models by 2026, a senior executive said on Friday, as the Japanese automaker looks to catch up in electric vehicles.