(Reuters) -Apple executives have held internal talks about potentially bidding for artificial intelligence startup Perplexity, Bloomberg News reported on Friday, citing people with knowledge of the matter. The discussions are at an early stage and may not lead to an offer, the report said, adding that the tech behemoth’s executives have not discussed a bid…
(Bloomberg) — Stocks edged up as solid results from big banks offset news pointing to an escalation of the trade war between the world’s two largest economies. Most Read from Bloomberg The S&P 500 rose for a third straight day. Bank of America Corp.’s stock traders posted a record quarter, while Citigroup Inc. inched closer…
(Reuters) – China has taken measures to limit its companies from making investments in the United States in an effort to gain more leverage in potential trade talks with U.S. President Donald Trump’s administration, Bloomberg News reported on Wednesday citing people familiar with the matter. (Reporting by Ojasvi Gupta in Bengaluru; Editing by David Goodman)…
(Reuters) – U.S. President Donald Trump’s administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2, Bloomberg News and the Wall Street Journal reported, citing officials. Trump said in February that he intended to impose auto tariffs “in the neighborhood of 25%” and similar duties on semiconductors and…
(Reuters) – Walmart (WMT) has asked some Chinese suppliers for major price cuts, with the U.S. retail giant’s efforts to shift the burden of President Donald Trump’s tariffs facing strong push back from firms in the Asian nation, Bloomberg News reported on Thursday. Certain suppliers, including makers of kitchenware and clothing, have been asked to…
(Reuters) – Mercedes-Benz and its subsidiaries plan to cut up to 15% of their workforce in China, Bloomberg News reported on Thursday, citing people familiar with the matter. The job cuts will primarily impact its financing and sales units, Mercedes-Benz Automobile Finance Co and Beijing Mercedes-Benz Sales Service Co, the report added. Mercedes-Benz has already…
(Reuters) -Tesla is readying a software update for customers in China to offer driving-assistance capabilities similar to its Full Self-Driving (FSD) features in the U.S., Bloomberg News reported on Monday, citing a person familiar with the matter. The capabilities will be deployed to customers who have paid 64,000 yuan ($8,831.73) for what Tesla calls FSD,…
(Bloomberg) — Grab Holdings Ltd. shares plunged after it predicted full-year revenue that trailed estimates, suggesting caution around a Southeast Asian ride-hailing and food delivery market where GoTo Group remains a formidable rival. Most Read from Bloomberg The company expects a 19% to 22% rise in sales to $3.33 billion to $3.4 billion this year,…
(Bloomberg) — Chinese stocks in Hong Kong extended a recent rally as the nation’s growing capabilities in artificial intelligence boosted optimism over the market’s outlook, while a potentially momentous show of support for the private sector gave sentiment an extra lift. Most Read from Bloomberg The Hang Seng China Enterprises Index jumped 4.1% on Friday…
(Bloomberg) — Roblox Corp., the video-game service used by millions of young people, is part of an active investigation by the US Securities and Exchange Commission, according to information obtained by Bloomberg News. Most Read from Bloomberg Responding to a Freedom of Information Act request, the commission said in a letter Friday that it couldn’t…