General Motors Co announced on Thursday that it is offering buyouts to the majority of its salaried employees and anticipates a pre-tax charge of up to $1.5 billion to cover the costs.   The announcement comes as layoffs by US companies have reached a two-year high, with the tech sector...

Following a capital raise that caused SVB Financial Group's stock to collapse 60% and contributed to the loss of over $80 billion in value from bank shares, the company scrambled on Thursday to reassure its venture capital clients that their money was safe.   To strengthen its balance sheet,...

De Beers saw a 9% rise in diamond sales in the last two weeks. According to the global diamond corporation De Beers’ preliminary reports, the company increased its diamond sales for the second business cycle of this year (February 20–March 7) by 9% compared to the prior cycle to $495 million. The...

People with knowledge of the situation said on Sunday that Arm Ltd, the British chip designer owned by Japan's SoftBank Group Corp, is likely to aim to raise at least $8 billion from what is anticipated to be a massive U.S. stock market debut this year.   Speaking under the condition of...

According to a report released by a U.S. congressional committee on Friday, the Biden administration authorized 192 licenses totaling more than $23 billion to export American goods and technology to Chinese firms on a U.S. trade blacklist in the first quarter of last year.   A chart...

According to a draft report by a government contractor, US chipmaker Nvidia Corp.'s plans to sell technology to China's Huawei would be thwarted if the US government moves forward with a proposal to further restrict shipments to the blacklisted company.   The Biden administration has been...

Inflation has not yet stabilized at the 2% goal, according to Bank of Japan board member Junko Nakagawa. The official noted that the central bank must maintain its ultra-soft monetary policy. As the COVID-19 pandemic's affects lessen, Nakagawa anticipates that the third-largest economy in the world...

The first quarter of fiscal 2022–2023, which finished on January 31, saw a 2.2 times year-over-year decline in HP Inc's net income to $487 million, the company reported in a statement. Comparatively to $0.99 for the same period last year, the quarter's diluted net income per share was $0.49....

Tesla shareholders launched a class action lawsuit against the American automaker and its billionaire CEO Elon Musk, charging him of falsifying data regarding autonomy and safety of its electric vehicles. According to the lawsuit's published text, the defendants "made false or misleading...