Tag: Business
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Automakers tap America’s 250th, World Cup to rev up patriotism
DETROIT, July 2 : U.S. automakers have long infused their marketing campaigns with American pride and imagery. But this summer’s combination of the nation’s 250th birthday and World Cup matches taking place on U.S. soil has them going full George Washington. A promotion from Jeep-maker Stellantis vow
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The jobs report, Meta’s rally, Trump Accounts and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Stocks making the biggest moves premarket: Sandisk, Robinhood, Palantir & more
These are the stocks posting the largest moves premarket.
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Ford CEO wants level playing field with Toyota, GM imports as USMCA trade talks reopen
Ford reports it assembled more than 2 million vehicles in the U.S. last year – more than any other auto manufacturer, including 311,000 units for export.
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UK’s Currys warns memory chip shortage will push up prices
LONDON, July 2 : Higher prices for smartphones, laptops and other electronics are inevitable later this year due to a global memory chip shortage, the boss of Currys, Britain’s biggest consumer electricals retailer, warned on Thursday.Chief Executive Alex Baldock said AI and data centres were eating up the wo
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Oil falls for a third straight day after US, Iran conclude talks in Doha
July 2 : Oil prices fell for a third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran and the U.S. had made progress in talks over the Strait of Hormuz.Brent futures were 66 cents or 0.92 per cent lower at $70.91 a barrel at 0758 GMT, while U.S. West…
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SK Hynix to spend $64 billion on memory chip plants under broader AI investment plan
SEOUL, July 2 : SK Hynix said it would invest 100 trillion won ($64.38 billion) to build new chip plants, including one for NAND flash memory, as part of a massive South Korean investment drive aimed at spreading returns from the AI boom beyond Seoul. The projects in the central city of Cheongju outlined on…
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Google loses fight against record €4.1 billion EU antitrust fine
BRUSSELS, July 2 : Alphabet’s Google on Thursday lost its fight against a record fine imposed by EU antitrust regulators eight years ago for using its Android mobile operating system to block rivals, a court ruling likely to boost Europe’s crackdown on Big Tech.The European Commission had originally handed ou
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India’s Skyroot Aerospace readies country’s first private orbital rocket launch
July 2 : Indian space startup Skyroot Aerospace said on Thursday it was preparing for the launch of its Vikram-1 rocket, the first attempt by an Indian private company to place a satellite in orbit.Founded by former Indian Space Research Organisation engineers, Skyroot is developing small rockets similar to t
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Bayer forms new Ruveon business for Roundup in US after legal win
BERLIN, July 2 : Bayer said on Thursday it was consolidating its U.S. Roundup business in a new unit called Ruveon, less than a week after a major legal victory that blocked thousands of state-court lawsuits related to the weedkiller.The new division will remain a Bayer business and oversee all aspects of U.S
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