By Ankika Biswas and Lisa Pauline Mattackal (Reuters) -Wall Street’s main indexes were set for a lackluster open on Wednesday as investors kept to the sidelines ahead of AI chip leader Nvidia’s quarterly results and the Federal Reserve’s policy meeting minutes later in the day. All eyes will be on whether semiconductor bellwether Nvidia’s first-quarter…

By Parisa Hafezi DUBAI (Reuters) – Iran’s Supreme Leader led prayers in Tehran on Wednesday at the funeral of the late President Ebrahim Raisi, as the clerical establishment hurried to organise an early election that could further erode its legitimacy amid growing public discontent. The June 28 vote to replace Raisi, killed in a helicopter…

(Reuters) – Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday. Workplace will be shuttered starting June 2026 for customers but Meta will continue to use it as its internal messaging board, the company said, adding users…

MEXICO CITY (Reuters) -Chinese automaker BYD unveiled the Shark, a mid-size hybrid-electric pickup truck, in Mexico on Tuesday. This is the first time the world’s largest electric vehicle (EV) maker has launched a new product outside of its home country, Chief of Americas Stella Li said at the launch event. BYD chose Mexico to launch…

By Sruthi Shankar and Medha Singh (Reuters) – GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge…

By Max A. Cherney (Reuters) – Google parent Alphabet on Tuesday unveiled a product called Trillium in its artificial intelligence data center chip family that it says is nearly five times as fast as its prior version. “Industry demand for (machine learning) computer has grown by a factor of 1 million in the last six…

By Jonathan Stempel and Clark Mindock (Reuters) – Tesla has been sued by an environmental nonprofit that accused Elon Musk’s electric car company of violating the federal Clean Air Act hundreds of times by letting its Fremont, California, plant emit harmful pollutants. In a complaint filed on Monday, the Environmental Democracy Project said Tesla has…

LONDON (Reuters) – The boss of Tesco, Britain’s largest supermarket group, saw his pay package more than double to almost 10 million pounds ($12.6 million) in its 2023/24 financial year, a period when millions of its customers battled a cost of living crisis. Tesco’s annual report, published on Tuesday, showed chief executive Ken Murphy was…

LONDON (Reuters) – The boss of Tesco, Britain’s largest supermarket group, saw his pay package more than double to almost 10 million pounds ($12.6 million) in its 2023/24 financial year, a period when millions of its customers battled a cost of living crisis. Tesco’s annual report, published on Tuesday, showed chief executive Ken Murphy was…