Social media company Reddit has outlined specific plans to begin its initial public offering (IPO) in March, pursuing a listing it has been considering for almost three years, according to a Reuters report quoting information from persons familiar with the subject.   It would be the first...

The fastest sea route between Asia and Europe, which carries 12% of the world's container traffic, the Suez Canal, has been blocked by weeks of attacks on vessels in the Red Sea by militants backed by Iran.   Prolonged disruption would be a new risk to the European economy's outlook, which...

As the business continues to redirect resources towards fields like artificial intelligence, Google CEO Sundar Pichai is alerting staff members to the possibility of additional layoffs this year.   Pichai stated, "We have ambitious goals and will be investing in our big priorities this...

According to governance experts and analysts, Elon Musk's threat to develop robotics and AI outside of Tesla unless he gains greater voting power may violate his duties as CEO and cast doubt on the automaker's valuation.   The outspoken billionaire declared on Monday that unless he has...

Amid increasing competition in the largest smartphone market globally, Apple is slashing the prices of its iPhones in China by as much as 500 yuan ($70). This is a remarkable markdown for the company.   The American tech giant reduced the cost of select iPhone models by 5% on Monday,...

According to a report citing information from the tender documents, Chinese military entities, state-run artificial intelligence research institutes, and universities have over the past year purchased small quantities of Nvidia semiconductors prohibited by the U.S. from sale to China.   The...

Citigroup announced that it would eliminate 20,000 positions over the following two years in response to a "clearly disappointing" quarter that included one-time costs that cost the company $1.8 billion.   The bank's shares, which have increased by more than 1%, is in the midst of a...

In another indication that EV demand has decreased is the rental company Hertz Global Holdings, which is selling nearly 20,000 electric vehicles, including Teslas, from its U.S. fleet almost two years after an agreement with the automaker to rent out its vehicles.   Hertz announced on...

Investigators from the European Commission will inspect Chinese automakers in the coming weeks as part of an inquiry into whether to impose punitive tariffs to safeguard European electric vehicle (EV) manufacturers, according to a Reuters report quoting information from three people familiar with...

A recent drop in Apple's stock due to concerns over iPhone sales has put the Silicon Valley tech titan in risk of being surpassed by Microsoft as the world's most valuable business.   Fresh concerns about smartphone demand have sent Apple's stock down 4% so far in 2024, after rising 48% last...

Intel has announced that it will release automotive versions of its latest AI-enabled chips, competing with Qualcomm and Nvidia in the market for semiconductors that can power the brains of future cars.   Intel also announced the acquisition of Silicon Mobility, a French business that...