Uncategorized – Page 277 – I wish I had more to offer

Snap swings to quarterly net loss, expects lower Q1 rev; shares fall, article with image

Jan 31 (Reuters) – Snap Inc (SNAP.N) on Tuesday swung to a net loss in the fourth quarter and said revenue could decline in the current quarter by as much as 10% as it faces fierce competition from rivals like TikTok and weak advertising demand. Shares of Snap fell 13% to $10.30 in trading after… Continue reading Snap swings to quarterly net loss, expects lower Q1 rev; shares fall, article with image

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Twitter makes first interest payment on Musk buyout debt -sources, article with image

NEW YORK, Jan 31 (Reuters) – Twitter Inc has made its first interest payment on a loan that banks provided to help finance billionaire Elon Musk’s purchase of the social media company last year, according to two people familiar with the matter. Twitter paid about $300 million to a group of banks last week, one… Continue reading Twitter makes first interest payment on Musk buyout debt -sources, article with image

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Exclusive: EU’s Breton tells Twitter to do more to comply with bloc’s tech rules, article with image

BRUSSELS, Jan 31 (Reuters) – EU industry chief Thierry Breton on Tuesday told Twitter owner Elon Musk to do more to fully comply with the bloc’s online content rules. “I welcome the effort that Twitter is making to be in line with Europe’s objectives, while acknowledging that the next months will be crucial,” Breton said… Continue reading Exclusive: EU’s Breton tells Twitter to do more to comply with bloc’s tech rules, article with image

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U.S., India partnership targets arms and AI to compete with China, article with image

WASHINGTON, Jan 31 (Reuters) – The White House is launching a partnership with India on Tuesday that President Joe Biden hopes will help the countries compete against China on military equipment, semiconductors and artificial intelligence. Washington wants to deploy more Western mobile phone networks in the subcontinent to counter China’s Huawei Technologies, to welcome more… Continue reading U.S., India partnership targets arms and AI to compete with China, article with image

Analysis: GM goes slow on EVs as rivals fight a price war, article with gallery

DETROIT, Jan 31 (Reuters) – General Motors (GM.N) Chief Executive Mary Barra is betting that moving more slowly than Tesla or Ford to accelerate electric vehicle production for North America will be more profitable in the long run. Suppliers familiar with GM’s production plans through 2025 support the notion the automaker continues to slow-walk electric… Continue reading Analysis: GM goes slow on EVs as rivals fight a price war, article with gallery

Gallery

DETROIT, Jan 31 (Reuters) – General Motors Co (GM.N) on Tuesday reported a higher quarterly net income for the fourth quarter, and forecast stronger-than-expected earnings in 2023, sending its shares up over 5% in premarket trading. The company expects its core auto operations to perform at a consistently strong level in 2023, with full-year net… Continue reading Gallery

U.S. stops granting export licenses for China’s Huawei – sources, article with gallery

Jan 30 (Reuters) – The Biden administration has stopped approving licenses for U.S. companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced U.S. export restrictions around items for 5G and other technologies for several years, but officials in the U.S. Department of Commerce have granted… Continue reading U.S. stops granting export licenses for China’s Huawei – sources, article with gallery