Micron Technology’s first-quarter loss forecast has triggered concerns of a sluggish recovery in the memory chip maker’s end-markets such as data centers, sending its shares down about 5% in premarket trading on Thursday.
Nio has held exploratory talks with Mercedes-Benz for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said.
U.S. stock index futures slipped on Thursday as soaring oil prices cemented the prospects for a prolonged restrictive monetary policy, while investors awaited economic data and Federal Reserve Chair Jerome Powell’s remarks during the day.
Norway’s data regulator will refer the fine it has imposed on Meta Platforms to the European data authority, it said on Thursday, a move that could make the fine permanent and widen it to the European Union.
Used-car retailer CarMax on Thursday posted a lower-than-expected quarterly profit, hurt by weakening demand for preowned vehicles, sending its shares down over 9% in premarket trade.
Canada’s Lucara Diamond said on Thursday it had ended its gem sales agreement with HB Trading BV, a unit of HB Antwerp, in a move that could affect a deal between the Belgian trader and the government of Botswana.
GameStop on Thursday named billionaire Ryan Cohen as its CEO and chairman on Thursday, tightening the activist investor’s grip on the ailing brick-and-mortar videogame retailer that he intends to turn around.
In 2018, a bespectacled Stanford graduate named Caroline Ellison decided to leave her job on Wall Street to join a startup cryptocurrency hedge fund called Alameda Research because she thought she would earn more money to give to charitable causes.
Opening statements are set to begin on Thursday in the first U.S. trial over allegations that Tesla’s Autopilot driver assistant feature led to a death, and its results could help shape similar cases across the country.
