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...Its driverless vehicles have been operating in certain US cities including San Francisco as a taxi service....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...Arm also revised up its full-year revenue guidance from a range of $2.96bn to $3.1bn to a range of $3.15bn to $3.2bn....
...Francisco....
...Meanwhile, Amazon improved its income by $2.8bn in 2022 thanks to a reduction in depreciation costs of $3.6bn as it extended the life of its servers from four to five years....
...On Wednesday the chip designer raised its full-year revenue guidance from a range of $2.96bn-$3.1bn to $3.15bn-$3.2bn....
...Technology start-ups have slashed equity packages for new hires as they weather a prolonged downturn, according to data from San Francisco-based software company Carta....
...It was the first monthly decline since January 2023, with Seattle and San Francisco reporting the largest declines of 1.4 and 1.3 per cent, respectively....
...Earnings per share of $2.93 were well ahead of analysts’ forecasts for $2.77. Additional reporting by Michael Acton...
...While sales are still rising worldwide, battery vehicles’ share of the market rose 2.8 percentage points to 15.8 per cent last year, compared with a 4.7 percentage point rise during 2022, according to data...
...Powell said in San Francisco. “Our position is we don’t know. We’ll tell you what we’ll do if inflation does come down. That’s the base case, that’s what we expect.”...
...Some drivers said they also planned to picket outside airports in Florida, New Jersey and Texas, and protest outside Uber’s headquarters in San Francisco....
...Wall Street’s benchmark S&P 500 rose 0.2 per cent shortly after the New York open, while the tech-heavy Nasdaq Composite added 0.3 per cent....
...per cent.Weekly credit card numbers have been “subdued”, loan delinquency rates are on the up and data from San Francisco-based online restaurant-reservation service OpenTable “suggests restaurant dining...
...Wall Street had been expecting earnings of $2.65 a share on revenue of $54.5bn....
...Smith is excepted to stay on at Blue Origin until January 2 during the transition period....
...The S&P 500 added 0.2 per cent, while the Nasdaq Composite rose 0.1 per cent....
...Spending on generative AI next year will amount to little more than $20bn, or 0.5 per cent of total global IT spending, says John-David Lovelock, chief forecaster at IT research firm Gartner....
...The S&P 500 added 0.2 per cent, while the tech-dominated Nasdaq Composite rose 0.1 per cent....
...In a video published on Monday, Kennedy criticised San Francisco’s homeless problem — where 1 per cent of the city’s population are homeless compared to less than 0.2 per cent nationally — in front of tents...
...There’s absolutely, in my mind, no urgency to adjust the policy rate,” Mary Daly, San Francisco Fed president....
...Wells Fargo was alone among the lenders in reporting a year-on-year increase in quarterly earnings, with net income up 9 per cent to $3.45bn as the San Francisco-based lender cut costs....
...Although growth is forecast to be just 0.2 per cent this year, after a shrinking of 0.3 per cent in 2023, Berlin does not expect a large impact on unemployment....
...Wall Street had been expecting revenue of $55.4bn and earnings of $2.55 a share....
...Rates charged by General Motors’ Cruise robotaxi service in San Francisco are comparable to rideshare services from the likes of Uber....
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