SHANGHAISINGAPORE, June 5 Reuters Chinese quant hedge fund managers are rushing to explore ChatGPTstyle tools, embracing the emerging AI technology that has sparked a global frenzy since the release of the widely popular Microsoftbacked OpenAI chatbot. Quants39; focus on advanced artificial intelligence to aid decisionmaking comes amid a tough investment environment, as China39;s postCOVID recovery wanes and […]

Reuters Better cost controls helped Dell Technologies Inc beat estimates for firstquarter profit on Thursday, a positive sign for personal computer makers after months of cratering demand. The results contrasted rivals HP Inc and Lenovo Group, but a full recovery remains some ways off as Dell forecast currentquarter revenue below Wall Street targets and warned that IT […]

Reuters Netflix Inc shareholders on Thursday withheld their support for the company39;s executive pay package, in a nonbinding vote that followed a call by striking Hollywood writers to reject the proposed 2023 compensation. The Writers Guild of America West had urged investors to vote against the compensation offered to Netflix39;s top executives, arguing such a vote […]

SAN FRANCISCO, June 1 Reuters Electric truck maker Nikola Corp may execute a reverse stock split if its stock does not comply with Nasdaq39;s minimum bid price requirements within a certain period, its chief executive Michael Lohscheller said on Thursday. Nikola, which closed at about 57 cents on Thursday as it battles mounting losses, high cash burn […]

June 1 Reuters Broadcom Inc forecast thirdquarter revenue above market estimates on Thursday, as it benefits from massive corporate investments in AIrelated technologies. The viral success of ChatGPT has sparked a surge in orders for chips that underpin the technology at big data centers, driving a rally in shares of semiconductor companies that cater to the […]

PARIS, June 1 Reuters Tereos posted record annual sales and earnings on Thursday supported by high prices but the French sugar and ethanol group expressed caution regarding the sugar beet crop and strength of demand in 202324. Tight global supplies sent global sugar futures to 1112 year highs in April while European prices were reaching record […]

LONDONDUBLIN, June 2 Reuters Ireland39;s Finance Ministry and Britain39;s NatWest Group said on Friday they had jointly sold 54.6 million shares in Permanent TSB representing 10 of the Irish bank39;s share capital. The shareholders will receive close to 110.5 million euros 121.64 million from the accelerated share placement, or 55.2 million euros each. They had originally set […]

June 1 Reuters Lululemon Athletica Inc raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds wider retail spending, sending the company39;s shares up 13 after hours. A strong rebound in China, easing air freight costs and tighter inventory control also helped firstquarter results surpass […]

Analysts see Europe heading to USstyle consolidation Italy saw Lufthansa deal as only way forward But MA could be a distraction amid stiff competition LONDONROME, June 2 Reuters Lufthansa39;s purchase of a minority stake in Italy39;s lossmaking ITA Airways injects fresh momentum into a wave of consolidation in Europe39;s fragmented aviation market that could see more midtier […]

Proxy advisory firms have raised issues about governance Slow rollout of electric vehicles has attracted criticism Company says chairman is key to driving transformation TOKYO, June 2 Reuters Two of the largest U.S. public pension systems have voted against the reelection of Toyota Motor Corp chairman Akio Toyoda, shareholder voting records showed, sharpening the focus on […]