Business

By Siddharth Cavale and Aishwarya Venugopal (Reuters) – A positive forecast from retail bellwether Walmart on Thursday signaled a resilient U.S. shopper, in line with earlier remarks by one of its key suppliers and one of its retail rivals. American shoppers are opening their wallets, spending money on bargain-priced goods in stores and online, with many people turning to Walmart’s delivery service for convenience, Walmart executives said on Thursday. The nation’s largest retailer raised its … Read more…

GRUENHEIDE, Germany (Reuters) – Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric vehicle maker’s plans. The green light from the Gruenheide council is just the first in a series of hurdles Tesla needs to clear before being able to start its expansion to add logistical spaces including a train station. The expansion must also be approved … Read more…

FRANKFURT (Reuters) – The use of artificial intelligence in finance is still in its infancy but it needs to be monitored and possibly regulated to prevent harm to consumers and ensure the proper functioning of markets, the European Central Bank said on Wednesday. The ECB saw a number of opportunities from the use of generative AI by banks and other financial institutions, such as superior processing of information, more efficient customer service and even a … Read more…

(Reuters) – Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday. Workplace will be shuttered starting June 2026 for customers but Meta will continue to use it as its internal messaging board, the company said, adding users can continue to access the product until August 2025. “We are discontinuing Workplace (to) focus on building AI and metaverse … Read more…

By Sruthi Shankar and Medha Singh (Reuters) – GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge in meme stocks: ROARING KITTY AND HIS SKETCH Keith Gill, popularly known among traders as “Roaring Kitty”, shared a series … Read more…

By Joey Roulette WASHINGTON (Reuters) -Boeing’s first Starliner mission carrying astronauts into space has been delayed again – until at least May 21 – over an issue with the spacecraft’s propulsion system, the company said on Tuesday. Starliner’s mission carrying two NASA astronauts had been scheduled for liftoff from Florida last week until a technical issue with its Atlas 5 rocket prompted a delay to Friday, May 17, the latest postponement for a program years … Read more…

(Reuters) -Shares of Paramount Global fell more than 7% on Tuesday after CNBC reported, citing sources, that Sony Pictures is rethinking its bid for the U.S. media company. “People close to the situation that I’ve been speaking to of late indicate that the likelihood of a bid, at least for the full company, seems to be fading a bit,” CNBC’s David Faber said. “That does not mean that there would not be some sort of … Read more…

By Clara Denina LONDON (Reuters) -Anglo American rejected a raised takeover offer of 34 billion pounds ($42.67 billion) from BHP Group on Monday, saying the world’s largest listed miner “continues to significantly undervalue” the company. The London-listed miner had earlier rebuffed BHP’s initial $39 billion all-share proposal made on April 25, dismissing it as opportunistic and saying it would dilute the upside value for its shareholders relative to BHP’s. “The latest proposal from BHP again … Read more…

(Reuters) – Apple is gearing up to sell its Vision Pro mixed-reality headset outside the United States, Bloomberg News reported on Monday, in a bid to invigorate demand for its most expensive bet in years. The iPhone-maker has flown hundreds of employees from its international stores to Cupertino, California and started training them on how to demonstrate the $3,499 headset to customers, the report added, citing people with knowledge of the matter. Apple plans to … Read more…