April 23, 2024
Tesla targeting about 400 voluntary job cuts in Germany
By Ilona Wissenbach and Christoph Steitz
in
April 23, 2024
Apple announces ‘Let Loose,’ a special online event to be held in May
Apple (NASDAQ:AAPL) has announced that it will hold a special event titled ‘Let Loose’ on May 7 that will be held online at 10 a.m. ET. While the company has so far just released a teaser invite with the date, it is expected that the event will focus on new iPad hardware and accessories.
April 23, 2024
Wolfe discusses what is the 'war premium' in current oil prices
In a note to clients Tuesday, analysts at Wolfe Research assessed the "war premium" in oil prices, noting that today, the exercise is made simpler by the fact that the oil market is relatively balanced.
April 23, 2024
April 23, 2024
Tesla to lay off nearly 2,700 employees in Texas factory, notice shows
(Reuters) -Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said in a Worker Adjustment and Retraining Notification (WARN) notice.
April 23, 2024
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
PARIS (Reuters) -French luxury group Kering (EPA:PRTP) reported a 10% drop in first-quarter sales on Tuesday, dragged down by a slowdown at its star label Gucci, which suffered from weakness in Asia while undergoing a design overhaul.
April 23, 2024
Activist Jana, in letter, urges Wolfspeed to eye sale, other strategic alternatives
By Svea Herbst-Bayliss
April 23, 2024
Exclusive-China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
By Eduardo Baptista, Fanny Potkin and Max A. Cherney
April 23, 2024
Vietnam's FPT to invest $200 million in AI factory using Nvidia chips
HANOI (Reuters) – Vietnam's top tech firm FPT plans to build a $200 million artificial intelligence (AI) factory using Nvidia (NASDAQ:NVDA)'s graphics chips and software, the two firms said on Tuesday.
April 23, 2024
Earnings call: SAP sees record cloud growth in Q1 2024
SAP SE (ETR:SAPG) (SAP) reported a robust start to 2024, with its first-quarter earnings showcasing a significant surge in cloud revenue and backlog, alongside a healthy increase in operating profit. The company's cloud revenue climbed by 25% to EUR 3.9 billion, while the current cloud backlog expanded by 28% to a record EUR 14.2 billion. Operating profit rose by 19% to EUR 1.5 billion, reflecting strong performance across various regions and a strategic focus on cloud and AI-driven growth.