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
Futures Pointing To Initial Rebound On Wall Street
After moving sharply lower over the two previous sessions, stocks may move back to the upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the marke... 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
U.S. Housing Starts Pull Back Sharply In March, Extending Recent Volatility
After reporting a substantial rebound in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts pulled back by much... Full Article
U.S. Industrial Production Climbs 0.4% In March, In Line With Estimates
A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased in line with economist estimates in the month of March. The Fed said industrial production climb... Full Article
U.S. Stocks Turning In Lackluster Performance Following Recent Sell-Off
Stocks moved sharply lower over the two previous sessions but are turning in a relatively lackluster performance during trading on Tuesday. While the Dow has remained positive after an early advance, ... Full Article
Powell Says It's Likely To Take Longer To Achieve Confidence Inflation Is Slowing
Citing a "lack of progress" toward reaching the central bank's inflation goal, Federal Reserve Chair Jerome Powell suggested on Tuesday that interest rates are likely to remain higher for longer. Pow... Full Article
U.S. Stocks Finish Lackluster Session Narrowly Mixed
Stocks showed a lack of direction over the course of the trading day on Tuesday, as traders took a breather following the sell-off seen over the two previous sessions. The major averages bounced back ... 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
U.S. Stocks Likely To Regain Ground In Early Trading
After ending last Friday's trading sharply lower, stocks are likely to move back to the upside in early trading on Monday. The major index futures are currently pointing to a higher open for the marke... Full Article
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