Morgan Stanley Q1 Results Tops Estimates
Financial services firm Morgan Stanley (MS) reported Tuesday a profit for the first quarter that increased 15 percent from last year, driven by revenue growth across its operating segments and lower p... Full Article
Baidu's AI Chatbot Ernie Bot Records Over 200 Mln Users
Chinese internet company Baidu Inc.'s artificial intelligence or AI chatbot Ernie Bot has secured more than 200 million users, reports said citing CEO Robin Li. Ernie Bot, China's most popular ChatGP... Full Article
Microsoft To Invest $1.5 Bln In UAE's AI Firm G42
Tech major Microsoft Corp. is investing $1.5 billion in UAE-based artificial intelligence or AI technology holding company G42 as part of its initiatives to accelerate AI development and global expans... Full Article
US Offers Up To $6.4 Bln Grant To Samsung To Boost Chip-making In Texas
The U.S. government has offered up to $6.4 billion funding to Samsung Electronics Co Ltd. to build semiconductor manufacturing and research and development facilities in Texas. This will add to Sout... Full Article
Ericsson Q1 Profit Surges, Sees Sales To Stabilize In H2; Stock Climbs
Shares of LM Ericsson were gaining more than 6 percent in the morning trading in Stockholm as well as around 8 percent in pre-market activity on the Nasdaq after the Swedish telecom major reported Tue... Full Article
Broccoli Cutlets, Multigrain Bread, Mini Bagels Recalled For Undeclared Allergens
The U.S. Food and Drug Administration announced the recalls of gluten-free cream cheese stuffed mini bagels, broccoli cutlets, and multigrain bread, citing the presence of various undeclared allergens... Full Article
Tesla Plans Above 10% Cuts In Global Workforce
Electric vehicle maker Tesla Inc. is planning more than 10% reduction in global workforce amid slower EV demand, reports said citing a memo sent by CEO Elon Musk to all employees. According to Musk, d... Full Article
Goldman Sachs Q1 Profit Up 27%, Results Top Estimates
Goldman Sachs Group Inc. (GS) reported Monday that profit for the first quarter grew 27 percent from last year, reflecting double-digit net revenue growth across all its operating segments. Both earni... Full Article
ADM Animal Nutrition Expands Recall Of Chicken, Swine, Rabbit Feed Products
ADM Animal Nutrition, affiliated to food processing company Archer-Daniels-Midland Co. or ADM, has expanded its recall to include 17 additional lots of chicken, swine and rabbit feed products, accordi... Full Article
Thyssenkrupp To Reduce Steel Capacity, Jobs; Stock Up
Shares of thyssenKrupp AG were gaining around 2 percent in the early morning trading on Germany's XETRA after the industrial engineering and steel company late Thursday announced its loss making Steel... Full Article
US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China
Major airlines in the United States, along with its various unions, urged the Biden Administration to pause additional passenger flights between the country and China, citing anti-competitive policies... Full Article
JPMorgan Q1 Profit Up 6%, Results Top Estimates
US investment bank JPMorgan Chase & Co. (JPM) reported Friday a profit for the first quarter that grew six percent from last year, driven by double-digit net interest income growth and lower provi... Full Article
CPSC Recalls: UTVs, Treadmills, Mini Speakers, Zipline Kits, Mattresses, Quilts And Shams, Ski Boots
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including utility vehicles, treadmills, mini speakers, zipline kits, mattresses, quilts and shams, ski boots, liquid fuel bott... Full Article
Delta Cycle Recalls Bicycle Stem Raisers Due To Fall Hazard
Delta Cycle has recalled about half a million bicycle stem raisers due to fall hazard. According to the Consumer Product Safety Commission, the recalled stem raiser can shift during use, causing the ... Full Article
Apple Sends 'mercenary Spyware Attack' Alerts To Users In 92 Countries
Apple Inc. (AAPL) issued a warning to iPhone users in 92 countries about potential spyware attacks that could compromise their devices. The notification email, which was sent to affected individuals... Full Article
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