By Jaspreet Singh (Reuters) - CoreWeave shares closed 2.5% lower on Thursday as the company’s expanded cloud deal worth up to $4 billion with OpenAI failed to assuage investor worries over its hefty annual spending plans. The Nvidia-backed data center operator had on Wednesday said in its first earnings since going public in March it would spend about four times more than the predicted revenue i ...
By Sneha S K (Reuters) - UnitedHealth Group (NYSE:UNH) shares plunged nearly 13% on Thursday after a Wall Street Journal report that the U.S. Department of Justice had begun a criminal investigation into the company for potential Medicare fraud. The reported probe adds to a string of recent setbacks for the healthcare conglomerate that has erased more than half, or over $300 billion, from its mark ...
Investing.com -- Chinese electric vehicle manufacturer BYD (SZ:002594) plans to set up a European center in Hungary, according to the company’s CEO and President Wang Chuanfu. The announcement was made on Thursday at a press conference alongside Hungarian Prime Minister Viktor Orban in Budapest.The new center will serve three primary functions: it will act as a hub for sales and after-sales serv ...
By Isabelle Yr Carlsson COPENHAGEN (Reuters) - The world’s first commercial-scale e-methanol plant began operations in Denmark on Tuesday, with shipping giant Maersk set to buy part of the production as a low-emission fuel for its fleet of container ships. The shipping sector is under pressure to find new sources of fuel after a majority of countries gave their backing to measures to help meet t ...