[ad_1] BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. Leonhard Simon | Getty Images News | Getty Images PARIS — Chinese electric carmakers are pushing ahead with expansion into Europe, even as politicians raise the possibility of high tariffs on vehicles from the …
Author: Maria Rodriguez
British retail sales plunge 2.3% in April, missing estimates
[ad_1] People walk in the rain over the London Bridge in central London, March 12, 2024. Lucy North – Pa Images | Pa Images | Getty Images LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday. Economists polled by Reuters expected a …
F1 dispute with Andretti Global draws in U.S. lawmakers
[ad_1] Former race car driver Mario Andretti listens during a news conference on May 01, 2024 in Washington, DC. Rep. John James (R-MI) hosted Andretti on Capitol Hill to respond to the Formula 1 management denying his family and General Motors the opportunity to join the global motorsports series. Anna Moneymaker | Getty Images A …
CEOs of AI start-ups backed by Microsoft and Amazon are the new tech rockstars
[ad_1] French founder of artificial intelligence start-up Mistral AI, Arthur Mensch attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France. Chesnot | Getty Images Entertainment | Getty Images PARIS — It’s not unusual for well-known technology CEOs to be mobbed by fans or start-up founders …
OpenAI sends internal memo releasing former employees from controversial exit agreements
[ad_1] OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images OpenAI on Thursday backtracked on a controversial decision to, in effect, make former employees choose between signing a non-disparagement agreement that would never expire, or keeping their …
CIO shares Nvidia alternatives to cash in on the AI theme: ‘There’s another way to play this’
[ad_1] Nvidia delivered once again, with its results proving it’s showing no signs of slowing down. On Wednesday, it reported earnings that beat estimates , with its sales skyrocketing as companies such as Google , Microsoft , Meta , Amazon and OpenAI buy billions of dollars of its graphics processing units amid the artificial intelligence …
‘We have failed economically’: Bhutan turns to ‘Gross National Happiness 2.0’ as crisis deepens
[ad_1] Bhutan’s governing philosophy of “Gross National Happiness” has been heralded the world over for balancing economic growth with the well-being of its citizens. But recent discussions of “Gross National Happiness 2.0” by its newly elected Prime Minister Tshering Tobgay suggest that change on some level is underway as the country struggles with an economic …
SEC approves rule change to allow creation of ether ETFs
[ad_1] A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023. Dado Ruvic | Reuters The SEC has approved a rule change Thursday that would pave the way for ETFs that buy and hold ether, one of the world’s largest cryptocurrencies. The decision comes less than …
Here’s where the last $6 billion in CHIPS Act semiconductor award money is going
[ad_1] The rollout of the Biden administration’s CHIPS Act award money has so far focused on providing major awards for major companies, with just four leading-edge semiconductor manufacturers receiving the lion’s share of the $33 billion that has been allocated to this point. Now, with $6 billion remaining, the focus is shifting to sending smaller …
Morgan Stanley tells investors to avoid hedge funds’ overcrowded trades
[ad_1] Owning overcrowded trades that are most popular among hedge funds could be risky for individual investors in the event of a herd-like stampede by systematic traders, according to Morgan Stanley, which looked at stocks to avoid. The Wall Street firm studied the largest 70 hedge funds based on assets under management, and identified Russell …