MEXICO CITY (Reuters) -Shares in Walmart’s Mexico and Central America unit, known as Walmex, slid 6% on Thursday morning, wiping…
Category: Business
Exclusive-Amazon’s AWS cloud computing unit cuts jobs
By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon cut jobs in its Amazon Web Services cloud computing unit on Thursday, a…
Thyssenkrupp putting 20,000 jobs at risk in overhaul, says union
BERLIN (Reuters) – Germany’s IG Metall union sees around a fifth of jobs at Thyssenkrupp at risk, a senior official…
Gap shares slide as tariffs loom large over apparel maker’s turnaround plans
By Savyata Mishra (Reuters) – Gap shares fell 20% in early trading on Friday after the Old Navy owner warned…
Factbox-Big US investments announced at Trump’s tech and AI summit
WASHINGTON (Reuters) -American companies rolled out a series of big-ticket AI and energy investment pledges on Tuesday, part of a…
Meta takes around 3% stake in Ray-Ban-parent EssilorLuxottica, source says
By Elisa Anzolin and Juby Babu (Reuters) -Meta Platforms has acquired a nearly 3% stake in eyewear maker EssilorLuxottica, a…
US FTC demands better policing of ‘Made in USA’ online sales claims
By Jonathan Stempel (Reuters) -The U.S. Federal Trade Commission on Tuesday called on Amazon.com and Walmart to crack down on…
Trump says alignment with BRICS’ ‘anti-American policies’ to invite additional 10% tariffs
(Reuters) -U.S. President Donald Trump on Sunday said that countries aligning themselves with the “Anti-American policies” of BRICS, will be…
Tesla short sellers set to pocket about $1.4 billion in profits after stock slump
(Reuters) -Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on…
Nvidia briefly on track to become world’s most valuable company ever
By Noel Randewich and Shashwat Chauhan (Reuters) -Nvidia hit a market value of $3.92 trillion on Thursday, briefly putting it…