Tag: CYCS08
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Exclusive: EU drafts plan to allow electric cars with combustion engine
Brussels proposes an exception for electric fuel cars from 2035 Germany is still examining EU draft proposal Berlin sees the technological state as problematic Goal to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new combustion engine cars after 2035 […]
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China’s answer to ChatGPT? Baidu shares tumble as Ernie Bot disappoints
Ernie’s launch comes as Google, Microsoft step up AI game Baidu shares tumble as CEO gives short video presentations Analysts say scripted event, pre-recorded videos disappointed Ernie can do math, write poems, generate images and video BEIJING/HONG KONG, March 16 (Reuters) – China’s Baidu on Thursday unveiled its long-awaited AI-powered chatbot known as Ernie Bot, […]
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HSBC bails out the British branch of stricken Silicon Valley Bank
US authorities support savers The UK deal puts an end to frenetic weekend talks UK Chancellor of the Exchequer: Deposits safe LONDON, March 13 (Reuters) – HSBC (HSBA.L) on Monday bought the UK branch of stricken Silicon Valley Bank for a token pound, bailing out a major lender to Britain’s technology start-ups and mitigating the […]
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SVB is the largest bank failure since the 2008 financial crisis
California regulator closes SVB, appoints FDIC as trustee SVB focused on lending to start-ups; branches open again on Monday FDIC to Sell Bank Assets; ‘chaos’ reported amid shooting Bank stocks fall in US, Europe, but well from lows Crisis exposes banks’ ‘vulnerabilities’ amid rising interest rates March 10 (Reuters) – Startup-focused lender SVB Financial Group […]
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Wall St falls on bank stocks tumble, jobs report jitters
Investors are looking forward to Friday’s jobs report Bank shares plummet after SVB announces share sale General Electric rises after repeated forecast Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05% March 9 (Reuters) – Wall Street’s three major stock indices closed lower on Thursday, with banking stocks the biggest drag, while investors also worried Friday’s […]
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Exclusive: Dutch respond to US China policy with plan to curb semiconductor technology exports
AMSTERDAM/WASHINGTON March 8 (Reuters) – The Dutch government on Wednesday announced it was planning new restrictions on exports of semiconductor technology to protect national security, joining the United States’ efforts to limit chip exports to China. curb. The U.S. imposed sweeping export restrictions on shipments of U.S. chip-making tools to China in October, but for […]
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Adidas boss sees turnaround after Kanye West split
Split with Kanye West weighs on 2022 results Dividend drops to 0.7 euros/share CEO promises turnaround after predicted loss in 2023 Adidas is still deciding whether to reuse Yeezy stock HERZOGENAURACH, Germany/London, March 8 (Reuters) – Adidas (ADSGn.DE) will cut its dividend for 2022, the sportswear maker said on Wednesday, after warning that a split […]
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Rivian plans to sell $1.3 billion in bonds to bolster capital, shares fall
SAN FRANCISCO, March 6 (Reuters) – Rivian Automotive (RIVN.O) plans to sell bonds worth $1.3 billion, it said Monday, as declining demand and high costs ease the cash crisis surrounding electric vehicle manufacturers sharpen. Shares in Rivian fell nearly 7% in after-hours trading. Initial investors will have an option to purchase an additional $200 million […]
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Wall St climbs as lower Treasury yields push mega-cap stocks higher
Apple surges as GS coverage begins ‘buy’ rating Chinese ADRs fall after Beijing’s modest 5% growth target Crypto Stocks Drop as Silvergate Suspends Payment Network Indexes up: Dow 0.18%, S&P 0.24%, Nasdaq 0.28% March 6 (Reuters) – US stock indices rose on Monday as Treasury bond yields fell further ahead of Federal Reserve Chairman Jerome […]
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Tesla slashes prices of Model S and Model X variants in US – website
March 5 (Reuters) – Tesla Inc (TSLA.O) has lowered the prices of its Model S and Model X vehicles in the United States, the website revealed, days after CEO Elon Musk said recent price cuts on other models fueled the demand. Tesla’s Model S car prices were slashed by $5,000. The base Model S version […]