General News

Factbox-Boeing faces multiple probes after mid-air MAX door plug blowout May 17, 2024 01:40PM

(Reuters) - Boeing is facing heightened scrutiny from U.S. regulators and prosecutors into its safety and quality practices following the Jan. 5 panel blowout on an Alaska Airlines 737 MAX 9.

The planemaker is producing its cash-cow MAX jets at a low rate as it works to address the issues, which have also sparked a reshuffle in its top management and led to a drop in its stock price this year.

Below are some of the probes since the... (continue reading...)

Apple set to release slimmer iPhone in 2025, the Information reports May 17, 2024 02:05PM

(Reuters) - Apple is developing a slimmer version of the iPhone that is likely to be launched by 2025, the Information reported on Friday, citing three people with knowledge of the project.

The potential thinner version is likely to be priced higher than Apple's iPhone Pro Max, and is expected to be launched with the iPhone 17 in September 2025, the report said.

The Cupertino, California-based company is still testing different designs... (continue reading...)

Midday movers: Reddit, Tesla and Robinhood rise; GameStop falls May 17, 2024 12:36PM (Updated - May 17, 2024 12:36 PM EDT)

Investing.com -- Main U.S. indexes traded largely flat Friday, searching for direction after the major stock indices hit record highs and as the earnings season draws to an end.

Here are some of the biggest U.S. stock movers today:

• Reddit (NYSE: RDDT) stock rose 13% after the social media platform entered a partnership with artificial intelligence major OpenAI to add its content to the firm’s AI products.

• Tesla (NASDAQ: TSLA) stock... (continue reading...)

BuzzFeed CEO moves to majority stock based compensation amid AI push May 17, 2024 12:08PM

(Reuters) - A major part of BuzzFeed CEO Jonah Peretti's compensation will now be in stock options, the digital media firm said on Friday, amid efforts to boost the adoption of artificial intelligence to speed up a turnaround.

The company has awarded Peretti options to purchase 414,000 shares of its Class A common stock. About 40% of that is intended to approximate a reduction in his annual base salary to $115,000 from $325,000. The stock options have... (continue reading...)

Here's why investors seem to be hesitant to own AMD stock: Mizuho May 17, 2024 11:07AM

Investors are growing increasingly skeptical about owning AMD (NASDAQ: AMD) stock, a Mizuho desk analyst highlighted in a new note.

“Why add AMD if I own NVDA and AVGO here that are cheaper and feel much lower risk?” appears to be the key pushback among market participants, the analyst said.

The chipmaker’s shares rose to an intraday high of $168 on Thursday, amid a broader surge in the technology sector driven by the recently released softer-than-expected... (continue reading...)