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(Reuters) -U.S. auto parts suppliers warned of more production cuts at major automakers as a global semiconductor chip shortage worsens before easing in the second half of the year and aiding in a partial recovery of lost sales.
NEW YORK (Reuters) - Ethereum has outperformed major digital currency rivals this year, bolstered by the surge in decentralized finance (DeFi) and the anticipation of a technical adjustment this summer, but it faces hurdles that could stall its rise.
WASHINGTON (Reuters) -New investment rules are needed to help protect investors as social media, apps and other technology impact trading and financial markets, the head of the U.S. Securities and Exchange Commission (SEC) said on Friday.
BEIJING (Reuters) -Shares of Chinese gaming giant Tencent-backed online insurance technology firm Waterdrop Inc tumbled 14.5% in their New York debut on Friday.
(Reuters) - Wall Street Journal parent News Corp beat Wall Street estimates for quarterly revenue on Thursday, as the company's digital push helped its Dow Jones unit attract more subscribers.
Since 2002, the Gates Foundation has spent US$377.6mil in China across 271 grants largely focusing on preventing disease, including Covid-19. The billionaires’ divorce appears amicable and is unlikely to impact their charity in the short term.
TikTok and its Chinese version Douyin retained No 1 spot in global downloads in April with 59 million installs. The apps’ global monthly installs have fallen from the peak in 2020 amid political headwinds in the US and India.
(Reuters) -Uber Technologies Inc signaled it would pay drivers more to get cars back on the road as the U.S. economy recovers from the pandemic and disclosed a $600 million charge to provide UK drivers with benefits, a sign of the potential costs if the United States requires more driver compensation.
WASHINGTON (Reuters) -The U.S. securities regulator is considering measures to require big investors to disclose more about short positions, or bets that stocks will fall, use of derivatives to bet on other stock moves and to protect small investors from trading apps that use features common to video games in order to boost risky trading activity.
(Reuters) - Luxury electric vehicle maker Lucid Motors said on Wednesday it has named Sherry House, a former executive from Alphabet Inc's self-driving unit Waymo, as its chief financial officer.