(Reuters) -Property and casualty insurance giant Travelers Companies trounced Wall Street estimates for second-quarter profit on Thursday, driven by stronger…
Category: Business
Broadcom launches new Tomahawk Ultra networking chip in AI battle against Nvidia
By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom’s chip unit unveiled on Tuesday a new networking processor that aims to…
GM outlines $4 billion plan to expand production of gas trucks and SUVs
By Nora Eckert and David Shepardson DETROIT (Reuters) -General Motors said on Tuesday it will move production of the Cadillac…
Google-backed coalition to help scale ocean, rock carbon removals
By Simon Jessop and Virginia Furness LONDON (Reuters) -A coalition backed by Google, Stripe and Shopify will spend $1.7 million…
US investors back away from climate and social reforms
By Ross Kerber (Reuters) -Support for shareholder resolutions pressing U.S. companies for environmental and social reforms fell to 16% on…
Kraft Heinz is planning a breakup, WSJ reports
(Reuters) -Packaged food maker Kraft Heinz is preparing to break itself up, the Wall Street Journal reported on Friday, citing…
Trump’s copper tariffs pile more metal misery on US auto industry
By Nick Carey and Nora Eckert LONDON/DETROIT (Reuters) -U.S. President Donald Trump’s threat of a 50% tariff on copper imports…
GM-backed EnergyX buys lithium-rich acreage in US Smackover formation
(Reuters) -EnergyX, the lithium technology startup backed by General Motors, has bought 35,000 acres in the Smackover formation from Pantera…
Trump tariffs give watch sellers a hard time in Swiss hub
By Marleen Kaesebier LUCERNE, Switzerland (Reuters) -Swiss watch sellers in Lucerne have endured a tough three months since U.S. President…
Goldman Sachs hires former British PM Sunak as senior adviser
(Reuters) -Goldman Sachs on Tuesday named former UK Prime Minister Rishi Sunak its senior adviser, adding a veteran policymaker to…