With market at record highs, eyes on reports from chipmakers

With market at record highs, eyes on reports from chipmakers
NEW YORK (Reuters) – Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs. FILE PHOTO: A street sign for Wall Street is seen outside the New York... Read More

Walmart U.S. Chief Merchandising Officer Bratspies departs

Walmart U.S. Chief Merchandising Officer Bratspies departs
FILE PHOTO: Walmart’s logo is seen outside one of the stores ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski (Reuters) – Chief merchandising officer of Walmart Inc’s (WMT.N) U.S. operations, Steve Bratspies, is set to leave the big-box retailer, according to an internal memo sent on Friday. Company veteran Scott McCall will replace Bratspies,... Read More

Take Five: A week in central banking

Take Five: A week in central banking
(Reuters) – 1/THE ORACLES SPEAK FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 14, 2020. REUTERS/Brendan McDermid Geopolitics overshadowed monetary policy for the first time in many months in early January. But such distractions tend to be short-lived nowadays, with investors getting back to central bank-watching swiftly. Rate-setters in... Read More

How Big Tech is helping transform cars into smartphones

How Big Tech is helping transform cars into smartphones
LAS VEGAS (Reuters) – Technology companies transformed smartphones and televisions into continuous fountains of revenue. Now, big tech wants to work with automakers to do the same thing for your car. FILE PHOTO: The Byton M-Byte all-electric SUV, expected to enter mass production this year, is displayed at a news conference during the 2020 CES in Las Vegas, Nevada, U.S.... Read More

Varta warns Chinese firms on patent infringements, shares plunge

Varta warns Chinese firms on patent infringements, shares plunge
FRANKFURT (Reuters) – German battery maker Varta (VAR1.DE) said on Wednesday that it has warned electronic goods traders after finding products with batteries from Chinese manufacturers which infringe on its patents. FILE PHOTO: Varta battery cells are displayed in this picture illustration taken September 27, 2017. REUTERS/Fabrizio Bensch/Illustration The company’s shares plunged 20% after the issue was flagged by a... Read More

Amazon to showcase its transportation drive at world’s largest tech show

Amazon to showcase its transportation drive at world’s largest tech show
(Reuters) – From making cars talk using Alexa’s voice to managing data from factories full of robots, Amazon.com Inc (AMZN.O) wants a big piece of the action in transportation, and this week at CES will unveil more about its strategy to achieve that goal than ever before. FILE PHOTO: The logo of Amazon is seen at the company logistics centre... Read More

Wall Street starts 2020 with new records on China stimulus, trade hopes

Wall Street starts 2020 with new records on China stimulus, trade hopes
NEW YORK (Reuters) – Wall Street’s major indexes notched record highs to open the new year on Thursday, as fresh economic stimulus from China added to optimism fueled by easing trade tensions and an improving global outlook. FILE PHOTO: A trader works at the New York Stock Exchange (NYSE) in New York, U.S., December 31, 2019. REUTERS/Bryan R Smith China’s... Read More