Feb 1 (Reuters) – ChatGPT, OpenAI’s popular chatbot, is estimated to have reached 100 million monthly active users in January, just two months after its launch, making it the fastest-growing consumer app the fastest in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, says around 13 million …
ChatGPT sets record for fastest growing user base – analyst notes Read More »
Market rout worsens in shares of Indian tycoon Adani Adani Enterprises loses $26 billion in value since report Falls after Adani pulls stock sale, investors fear Analysts say signals crisis of confidence in Indian market NEW DELHI/MUMBAI, Feb 2 (Reuters) – Adani Group’s market losses hit more than $100 billion on Thursday, raising concerns about …
Adani’s market losses top $100bn as discontinued stock sale spooks investors Read More »
TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it would start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and increase gradually its sales this decade, into an offer to develop its hydrogen activity. Honda will target annual sales of around 2,000 units of …
Honda will start producing a new hydrogen fuel cell system co-developed with GM Read More »
WASHINGTON, Jan 31 (Reuters) – The White House on Tuesday expressed outrage at Exxon Mobil Corp’s record 2022 net profit of $56 billion, an all-time high not just for the company but for the entire western oil industry. The oil majors are expected to beat their own annual records due to high prices and rising …
White House slams Exxon for historic $56 billion annual profit Read More »
BENGALURU, Feb 1 (Reuters) – Indian tycoon Gautam Adani lost his title as Asia’s richest person on Wednesday as the rout of his conglomerate’s biggest companies worsened to $84 billion following a a report on short sellers. A Hindenburg Research report last week alleged the group’s misuse of offshore tax havens and stock manipulation, as …
Gautam Adani loses Asia’s richest crown as stock rout worsens to $84bn Read More »
Jan 31 (Reuters) – Intel Corp (INTC.O) said on Tuesday it had made sweeping pay cuts for employees and executives, a week after the company released lower-than-expected sales guidance in due to a loss of market share to rivals and a slowdown in the PC market. The cuts will range from 5% of base pay …
Intel cuts employee and executive salaries amid slowing PC market Read More »
Jan 31 (Reuters) – U.S. chipmaker Advanced Micro Devices Inc (AMD.O) reported revenue above Wall Street targets on Tuesday and said it expected business to improve in the second half, giving excitement investors who saw the company win over rival Intel. The shares rose about 1.5% after hours trading. Although AMD’s predictions lagged behind expectations, …
AMD revenue beats targets, Wall St relieved after Intel’s bleak outlook Read More »
HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net profit of $56 billion for 2022, the company said on Tuesday, bringing in around $6.3 million per hour last year and setting not just a corporate record, but a historic record for the Western oil industry. The oil majors are expected to break their …
Exxon smashes the profits of Western oil majors with $56 billion in 2022 Read More »
Jan 30 (Reuters) – A U.S. appeals court on Monday dismissed an attempt by Johnson & Johnson (JNJ.N) to offload tens of thousands of lawsuits over its talc products in bankruptcy court. The ruling marked the first major repudiation of an emerging legal strategy that could upend US corporate liability law. J&J is among four …
US court rejects J&J’s bankruptcy strategy for thousands of talc lawsuits Read More »
NEW YORK, Jan 30 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) is preparing to seek bankruptcy protection as early as this week and has lined up liquidators to close additional stores unless a last-minute buyer emerges, four people familiar with the issue said Monday. The timing of any bankruptcy filing was in flux Monday …
Exclusive: Bed Bath & Beyond is preparing to file for bankruptcy this week – sources Read More »