Business

Stellantis sells car-sharing business as CEO Filosa focuses on core auto-making

Tuesday, July 28 by SRN News

MILAN, July 28 (Reuters) - Stellantis has agreed to sell its Free2move car-sharing unit to German investment company Mutares, the automaker said on Tuesday, as CEO Antonio Filosa continues efforts to sharpen the group's focus on its core vehicle production. ... Read More.

Citi expands Asia FX options desk with three senior trader hires in Singapore

Tuesday, July 28 by SRN News

HONG KONG, July 28 (Reuters) - Citigroup has appointed three senior traders to its foreign exchange options desk in Singapore as it seeks to boost its regional market-making and risk management capabilities, according to a company statement on Tuesday. The Wall Street lender appointed Eric... Read More.

AI anxiety sparks tech rout, broad selloff in Asian markets

Tuesday, July 28 by SRN News

SINGAPORE, July 28 (Reuters) - Asian markets fell on Tuesday led by chipmakers on unease about the massive funding demands of the AI boom, while a slide in oil prices did relatively little to lift bonds and left traders nervous about U.S. rate hikes,... Read More.

Incoming Apple CEO aims to build on movie and TV progress

Tuesday, July 28 by SRN News

By Rollo Ross LOS ANGELES, July 27 (Reuters) - Apple's incoming CEO, hardware chief John Ternus, said he was committed to building on the company's momentum in the entertainment business when he takes the helm of the iPhone maker in September. The technology giant... Read More.

Morning Bid: Chips jolted as momentum shifts in AI

Tuesday, July 28 by SRN News

A look at the day ahead in European and global markets from Tom Westbrook Chip stocks tanked across Asia on Tuesday, spooked by the twin threats of rising Chinese competition and mounting questions about the funding and longevity of the AI infrastructure boom. South Korea's KOSPI... Read More.

Google rivals line up seeking damages after record $1 billion fine

Tuesday, July 28 by SRN News

By Supantha Mukherjee and Foo Yun Chee BRUSSELS, July 28 (Reuters) - A decades-long crackdown on Google's business practices in Europe is entering a costly new phase, as the loss of the first case brought against it under new EU legislation opens the door to... Read More.

South Korea’s Kospi index sinks more than 10% on heavy selling of chipmaking stocks

Tuesday, July 28 by SRN News

HONG KONG (AP) - South Korea's Kospi index plunged more than 10% on Tuesday on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence. The Kospi dropped to its lowest level since... Read More.

A flex in corporate America, AI ‘tokenmaxxing’ fades as workplaces look to cut tech spending

Tuesday, July 28 by SRN News

A corporate fad of "tokenmaxxing" on artificial intelligence technology is hitting its limits as workplaces throwing AI at everything are seeing the costs rise without a similar spike in productivity. What started as tech industry-fueled springtime hype over squeezing as much AI-generated work as possible... Read More.

USTR’s Greer says Trump’s latest tariffs won’t have an economic impact

Monday, July 27 by SRN News

By David Lawder July 27 (Reuters) - U.S. Trade Representative Jamieson Greer said on Monday President Donald Trump's new tariffs on 60 trading partners over their alleged lax enforcement of forced labor bans will likely not have an economic impact in part because the rates... Read More.

Johnson & Johnson announces $5.5 billion settlement of talc lawsuits

Monday, July 27 by SRN News

(Corrects to say the settlement will be final once accepted by 95% of ovarian cancer claimants in state or federal court, not that the settlement will be final after approval from the judge overseeing the federal litigation, in paragraph 3.) By Dietrich Knauth NEW YORK, July... Read More.

Current Weather

Stellantis sells car-sharing business as CEO Filosa focuses on core auto-making

Citi expands Asia FX options desk with three senior trader hires in Singapore

AI anxiety sparks tech rout, broad selloff in Asian markets

Incoming Apple CEO aims to build on movie and TV progress

Morning Bid: Chips jolted as momentum shifts in AI

Google rivals line up seeking damages after record $1 billion fine

South Korea’s Kospi index sinks more than 10% on heavy selling of chipmaking stocks

A flex in corporate America, AI ‘tokenmaxxing’ fades as workplaces look to cut tech spending

USTR’s Greer says Trump’s latest tariffs won’t have an economic impact

Johnson & Johnson announces $5.5 billion settlement of talc lawsuits

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