May 25, 2023
Ford CEO says China main EV rival, not GM, Toyota

By David Shepardson (Reuters) - Ford Motor Co CEO Jim Farley said on Thursday Chinese electric vehicle makers are its main rivals in the sector, but the company has hurdles competing on cost at a smaller scale. "I think we…

May 25, 2023
TikTok tests AI chatbot ‘Tako’ in the Philippines

By Josh Ye HONG KONG (Reuters) -Social media platform TikTok said on Thursday it is in the early stages of exploring a chatbot called "Tako" that can converse with users about short videos and help them discover content, and is…

May 19, 2023
Samsung not planning to replace Google with Bing in phones – WSJ

(Reuters) -Samsung Electronics will not change the default search engine on its smartphones from Google to Microsoft Corp's Bing any time soon, the Wall Street Journal reported on Friday, citing people familiar with the matter. Samsung has suspended an internal…

May 10, 2023
Stocks rise as U.S. inflation trends lower, bond yields slide

By Herbert Lash NEW YORK (Reuters) - A gauge of global stock markets rose and bond yields slid on Wednesday after data showed U.S. consumer prices in April rose at a slightly slower-than-expected pace, suggesting the Federal Reserve is succeeding…

Apr 18, 2023
S&P 500 ekes out gain as tech supports, J&J, Goldman disappoint

By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) - The S&P 500 eked out a slim gain on Tuesday after strength in some big technology stocks countered disappointing quarterly reports from Johnson & Johnson and Goldman Sachs as first-quarter…

Apr 17, 2023
Porsche posts record Q1 sales rise boosted by China

(Reuters) -Porsche AG posted a record year-on-year sales increase of 18% in the first quarter, boosted by China sales, the company said on Monday. The German luxury carmaker delivered 21,365 cars in China, its largest single market, representing 21% growth…

Apr 10, 2023
Global PC shipments slide in Q1 as Apple takes biggest hit

(Reuters) -Global shipments of personal computers slumped by nearly a third in the first quarter of 2023, with Apple Inc dropping the most among the market heavyweights as the industry struggles with a post-pandemic slowdown in consumer spending. In separate…

Apr 01, 2023
US unveils stricter EV tax credit rules, effective April 18

By David Shepardson and David Lawder WASHINGTON (Reuters) -The U.S. Treasury Department unveiled stricter electric vehicle tax rules on Friday that will reduce or remove tax credits on some zero-emission models but grant buyers another two weeks before the new…

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