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Tesla Clears Key China Assisted-Driving Hurdle With Baidu Deal
Tesla Inc. is set to clear a key hurdle to introduce its advanced assisted driving features in China by partnering with Baidu Inc. in mapping and navigation functions, people familiar with the matter
Stocks risk a wild week with Big Tech earnings, Fed’s faceoff with inflation
Wild swings in “Magnificent Seven” stocks are once again acting as a driver of volatility across U.S. equities. Investors could face more turbulence this week as the Federal Reserve takes center
Daniel Ek has opted out of a salary since 2017—but the Spotify CEO already cashed in $178 million worth of shares this year
Spotify execs have vested more than $250 million in shares since January, after laying off 1,500 workers in December.
Why the Fed looks likely to scramble back to a hawkish stance
That’s likely going to change this week, economists said. “Inflation data have turned back up this year. And that will force Powell to become a little more hawkish again,” s
Intel Stock Nears Chart Support Despite Disappointing Earnings Report
Intel shares will remain in focus on Monday after the legacy chipmaker slumped more than 9% Friday after posting a disappointing quarterly earnings report, adding to concerns over its plans to become
Japan's yen jumps against the dollar on suspected intervention
The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to boost the currency that is languishing near 34-year lows. The dollar fell
Stock market today: Asian shares rise, cheered by last week's tech rally on Wall Street
Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week. Sydney's
The U.S. economy is actually a ‘wolf in sheep’s clothing’ as the weak GDP report masks underlying strength, Wells Fargo says
To be sure, consumers are spending less on goods, and the GDP report showed that outlays on big-ticket durable goods contracted at a 1.2% annualized pace, according to the note. B
Analysis-Philip Morris faces key test with US heated tobacco push
Philip Morris International's goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates. The
The Fed Won’t Cut Rates This Week. Focus on Balance Sheet Plans.
The Federal Reserve’s policy committee will confer on Tuesday and Wednesday, with officials likely to confirm a cautious and gradual approach to changing interest rates in 2024. The Fed’s balance
China's April factory activity likely expanded at slower speed: Reuters poll
China's manufacturing activity in April likely expanded at a slower pace, a Reuters poll showed on Monday, indicating the country's sprawling factory sector may have lost some momentum at the start
Oracle boosts its generative AI capabilities as cloud competition heats up
Oracle in March announced new generative AI features embedded across applications in finance, supply chain, HR, sales, marketing, and service.
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