HOT

China tech shares sink as U.S. export curbs raise chip sector hurdles

By Josh Horwitz and Jason Xue SHANGHAI, Oct 10 (Reuters) – Shares in Chinese tech giant Alibaba Group (9988.HK) and Tencent (0700.HK) and chipmakers fell on Monday as investors spooked by new US export controls aimed at slowing Beijing’s technological and military advancements. The Biden administration on Friday issued a sweeping set of export controls, …

China tech shares sink as U.S. export curbs raise chip sector hurdles Read More »

Credit Suisse shares slip despite moves to soothe investor concerns

Credit Suisse caught in market turmoil ahead of overhaul Shares fell 10% in early trading on Monday The Bank’s euro-denominated bonds hit historic lows Swiss bank says its capital and liquidity are strong ZURICH, October 3 (Reuters) – Credit Suisse (CSGN.S) Shares fell 10% on Monday, reflecting market concerns ahead of a restructuring plan due …

Credit Suisse shares slip despite moves to soothe investor concerns Read More »

Ford stock has biggest daily drop since 2011 after inflation warning

The Ford logo is pictured at the Frankfurt Motor Show (IAA) 2019 in Frankfurt, Germany. REUTERS/Wolfgang Rattay Join now for FREE unlimited access to Reuters.com Register Sep 20 (Reuters) – Ford Motor Co’s (FN) Shares fell more than 12% on Tuesday in their biggest one-day drop in more than a decade after the automaker said …

Ford stock has biggest daily drop since 2011 after inflation warning Read More »

Adobe builds collaborative design muscle with $20 bln deal for Figma

The Adobe logo is seen on the smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Sep 15 (Reuters) – Adobe Inc will buy start-up Figma for around $20 billion in its biggest deal, the Photoshop maker said on Thursday, developing apps that support online …

Adobe builds collaborative design muscle with $20 bln deal for Figma Read More »

New U.S. curbs on sales of Nvidia AI chips to China spark selloff

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 1 (Reuters) – New restrictions on Nvidia Corp’s edge chip exports (NVDA.O) to China signaled an escalating US crackdown on Beijing’s technological prowess and …

New U.S. curbs on sales of Nvidia AI chips to China spark selloff Read More »

U.S. officials order Nvidia to halt sales of top AI chips to China

Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – Chip designer Nvidia Corp (NVDA.O) said on Wednesday that U.S. officials told him to stop exporting two leading computer chips for artificial intelligence work to China, a move that could cripple the ability of Chinese companies to do advanced work like reconnaissance …

U.S. officials order Nvidia to halt sales of top AI chips to China Read More »

Bed Bath & Beyond to cut jobs, close stores in bid to reverse losses

Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) On Wednesday, it announced it had signed deals for more than $500 million in new funding and would close 150 stores, cut jobs and revamp its merchandising strategy in a bid to turn around its loss-making …

Bed Bath & Beyond to cut jobs, close stores in bid to reverse losses Read More »

Exclusive: U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources

Join now for FREE unlimited access to Reuters.com Register Alibaba notified of US audit inspection – sources Verification of audits of Chinese companies listed in the United States begins next month Follows landmark US-China audit agreement Alibaba shares fall nearly 3% HONG KONG, Aug 31 (Reuters) – U.S. regulators have picked e-commerce giant Alibaba Group …

Exclusive: U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources Read More »

Musk sends fresh letter to scrap Twitter deal after whistleblower claims

Join now for FREE unlimited access to Reuters.com Register Aug 30 (Reuters) – Elon Musk has sent an additional letter terminating the deal to Twitter Inc. (TWTR.N) to include a recent whistleblower complaint from the social media company’s former chief security officer as another reason to cancel the $44 billion deal. Peiter Zatko, a notorious …

Musk sends fresh letter to scrap Twitter deal after whistleblower claims Read More »