Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Tesla shares drop on lack of clear forecast amid global chip crunch
(Reuters) - Shares of Tesla Inc fell about 4% on Tuesday as investors were concerned about its main revenue drivers and the impact of a global chip crunch on its operations as it ramps up production. ...
Apr 27, 2021
Ford accelerates EV battery development
DETROIT (Reuters) - Ford Motor Co on Tuesday took a fresh step toward taking control of electric vehicle battery design and production, saying it would establish a Southeast Michigan center to researc...
Apr 27, 2021
Credit Suisse must face lawsuit over U.S. ‘volatility’ crash
By Jonathan Stempel NEW YORK (Reuters) - A U.S. appeals court on Tuesday revived a lawsuit accusing Credit Suisse Group AG of causing huge losses by defrauding investors in a complex product for betti...
Apr 27, 2021
China investigates Ant Group’s IPO approval process: WSJ
(Reuters) - China is investigating how Ant Group founder Jack Ma got speedy approvals for the company's stock listing last year, the Wall Street Journal reported on Tuesday, citing people with knowled...
Apr 27, 2021
JPMorgan to bring U.S. staff back to office on rotational basis from July
(Reuters) - JPMorgan Chase & Co, the largest U.S. bank, is planning to bring all of its U.S. staff back to office on a rotational basis from July, according to a memo from the bank's operating committ...
Apr 27, 2021
U.S. consumer confidence vaults to 14-month high in April
WASHINGTON (Reuters) - U.S. consumer confidence jumped to a 14-month high in April as increased vaccination against COVID-19 and additional fiscal stimulus allowed for more services businesses to reop...
Apr 27, 2021
Shoppers expected to spend $4.2 tln online in 2021, squeezing supply chains
By Richa Naidu CHICAGO (Reuters) - Global shoppers are expected to spend 20% more online in 2021 than they did last year, according to an Adobe report released on Tuesday, likely adding pressure to su...
Apr 27, 2021
Arm details new data center chips, says Oracle, Alibaba will use them
By Stephen Nellis (Reuters) - Arm Ltd, the British chip technology firm being acquired by Nvidia Corp in a $40 billion deal, on Tuesday gave new details about its next generation of data center techno...
Apr 27, 2021
Recovery plan is ‘opportunity of the century’ for EU – Commission head
By Jan Strupczewski BRUSSELS (Reuters) - The European Union's 750 billion euro plan to rebuild the economy greener and more digital after the pandemic is an opportunity of the century for the bloc, th...
Apr 27, 2021
Germany to spend 90% of EU recovery money on green, digital goals
BERLIN (Reuters) - Germany will spend 90% of the 28 billion euros ($34 billion) it expects from the European Union's 750 billion euro recovery fund on climate protection and digitalization, by far exc...
Apr 27, 2021
