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Author: admin

21Jan

Lemonade Offers 50% Insurance Discount for Tesla Drivers Using FSD

San Francisco: U.S. insurer Lemonade said on Wednesday it would offer a 50% rate cut for drivers of Tesla electric vehicles when the automaker's Full Self-Driving (FSD) driver assistance software…
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21Jan

Atos flags sharp annual revenue drop as contract losses persist

French IT group Atos said on Wednesday it expected to report a sharp drop in annual revenue, in line with its own guidance, as contract losses persisted through the quarter…
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21Jan

Netflix co-CEOs go on defensive over $83 billion Warner Bros deal

Netflix's co-CEOs found themselves in an unusual position after the ​company's latest earnings report: on the backfoot. The streaming pioneer's decision to plunk down nearly $83 billion on Warner Bros'…
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21Jan

SAP shares hit August 2024 low, $130B wiped off since peak

Milan: Shares in Germany's SAP extended a months-long downtrend on Wednesday, falling to their lowest since August 2024 and bringing the loss in market value since last year's record high…
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21Jan

US House panel to vote on bill to give Congress authority over AI chip exports

New York: A key Republican lawmaker scheduled a committee vote on Wednesday for a bill that would give Congress power over artificial intelligence chip exports, despite pushback from White House…
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21Jan

Intel results highlight turnaround as AI data centers drive chip demand

Intel shareholders are optimistic about the company's results like they have not been for many quarters, betting the turnaround CEO Lip-Bu Tan promised was taking root and that rapid data…
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21Jan

Ford recalls over 119,000 U.S. vehicles over engine block heater fire risk, NHTSA says

Ford Motor is recalling 119,075 vehicles in the U.S. as the engine block heater may crack and leak coolant, potentially causing a short circuit and increasing the risk of a…
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21Jan

Travelers tops Q4 profit estimates on strong underwriting and investment gains

Property and casualty insurance giant Travelers beat Wall Street estimates for fourth-quarter profit on Wednesday, driven by stronger underwriting performance and higher investment returns. Insurance spending has stayed resilient despite…
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21Jan

Truist Q4 Profit Rises on Higher Interest Income and Investment Banking Fees

Truist Financial reported a rise in fourth-quarter profit on Wednesday, helped by higher interest income and fees from ​its investment banking businesses. Shares of the Charlotte, North ‌Carolina-based bank fell…
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21Jan

O’Leary says any Ryanair stake would beat Musk’s X returns

Dublin: Elon Musk can't buy Ryanair, but any investment would do better than his returns from X, the airline's boss Michael O'Leary said on Wednesday, in the latest round of…
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