Shell’s profit in 2022 has more than doubled to a record $40 billion

Shell’s profit in 2022 has more than doubled to a record  billion

Q4 earnings of $10 billion beat estimates Shell buys back $4 billion worth of shares LNG trading key driver of profit in Q4 LONDON, Feb. 2 (Reuters) – Shell (SHEL.L) posted record profits of $40 billion in 2022, the energy giant said on Thursday. shareholders unprecedented returns. The British company’s record profit, which more than … Read more

ChatGPT sets record for fastest growing user base – analyst note

ChatGPT sets record for fastest growing user base – analyst note

Feb 1 (Reuters) – ChatGPT, OpenAI’s popular chatbot, has reached an estimated 100 million monthly active users in January, just two months after launch. Wednesday. The report, citing data from analytics firm Compareweb, said that in January, an average of about 13 million unique visitors per day had used ChatGPT, more than double the December … Read more

Adani market losses snowball to $100 billion in delayed share sale

Adani market losses snowball to 0 billion in delayed share sale

NEW DELHI, Feb. 2 (Reuters) – Indian shares of the Adani group fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion equity offer, extending market losses to more than $ 100 billion and concerns arose about the possible systemic impact. The pullback of the share sale of Adani Enterprises … Read more

Honda is starting production of a new hydrogen fuel cell system, co-developed with GM

Honda is starting production of a new hydrogen fuel cell system, co-developed with GM

TOKYO, Feb. 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it will begin production this year of a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) and sell will gradually ramp up this decade, in an effort to expand its hydrogen business. Honda is targeting annual sales of about 2,000 … Read more

Hindenburg bet against India’s Adani puzzles against US short sellers

Hindenburg bet against India’s Adani puzzles against US short sellers

Feb.1 (Reuters) – When Hindenburg Research revealed a short position in Adani Group last week, some US investors said they were intrigued by the actual mechanisms of the trade, as Indian securities rules make it difficult for foreigners to bet against companies there. Hindenburg’s bet has been lucrative so far. The allegations, which the Indian … Read more

Wall Street Protests as Fed Chief Powell Speaks After Rate Hike

Wall Street Protests as Fed Chief Powell Speaks After Rate Hike

Feb.1 (Reuters) – The S&P 500 and Nasdaq surged to higher closing prices on Wednesday after Federal Reserve Chairman Jerome Powell acknowledged that inflation had begun to ease following a quarter-point rate hike by the Federal Reserve, which announced a made a statement that it expects “continuous increases”. Wall Street’s major indices lost ground immediately … Read more

Adani waives $2.5 billion share sale as major blow to Indian tycoon

Adani waives .5 billion share sale as major blow to Indian tycoon

NEW DELHI, Feb. 1 (Reuters) – Flagship Gautam Adani called off its $2.5 billion share sale on Wednesday in a dramatic turnaround as a defeat sparked by the criticism of a US short-seller saw billions more of its value of the Indian magnate’s shares wiped out. The withdrawal of the Adani Enterprises (ADEL.NS) share offering … Read more

Exclusive: EV maker Rivian cuts 6% of jobs amid price war – internal memo

Exclusive: EV maker Rivian cuts 6% of jobs amid price war – internal memo

SAN FRANCISCO, Feb. 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in a bid to cut costs as the EV maker, already struggling with declining cash reserves and a weak economy, braces itself for an industry-wide price war. The company is focusing its resources on ramping up vehicle production and … Read more

ChatGPT owner launches ‘imperfect’ tool to detect AI-generated text

ChatGPT owner launches ‘imperfect’ tool to detect AI-generated text

Jan 31 (Reuters) – OpenAI, the maker of the popular chatbot ChatGPT, has released a software tool to identify text generated by artificial intelligence, the company said in a blog post on Wednesday. ChatGPT is a free program that generates text in response to a prompt, including articles, essays, jokes, and even poetry, that has … Read more

Gautam Adani is no longer Asia’s richest person as share price plunge deepens to $74 billion

Gautam Adani is no longer Asia’s richest person as share price plunge deepens to  billion

BENGALURU, Feb. 1 (Reuters) – India’s Gautam Adani lost his title of Asia’s richest person on Wednesday as a loss in his conglomerate’s shares deepened to $74 billion following a short-seller report. A report from Hindenburg Research last week alleged misuse of offshore tax havens and signaled concerns about high debt and the valuations of … Read more