 | | | | China has imposed a sweeping restructuring on Jack Ma's Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing's determination to rein in its internet giants. | | | | | | WASHINGTON (Reuters) -U.S. President Joe Biden told a meeting with executives from major companies to discuss the global chip shortage on Monday that he has bipartisan support for legislation to fund the semiconductor industry. | | | | | | PARIS (Reuters) -Airbus on Monday announced the biggest shake-up in its top ranks since Chief Executive Guillaume Faury took the helm two years ago, sparked by the departure of two key executives. | | | | | | (Reuters) -Nvidia Corp's first-quarter revenue will be above its earlier forecast of $5.3 billion, the chipmaker said on Monday, as it benefits from strong demand for chips that power data centers and cryptocurrency mining. | | | | | | Goldman Sachs Group Inc executives are examining how well the bank navigated several major market events this year that caused extreme volatility, people familiar with the matter told Reuters. | | | | | | GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from being a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. | | | | | | WASHINGTON (Reuters) -The U.S. government posted a March budget deficit of $660 billion, a record high for the month, as direct payments to Americans under President Joe Biden's stimulus package were distributed, the Treasury Department said on Monday. | | | | | | The S&P 500 and Dow Jones industrial average dipped below record levels on Monday as investors paused ahead of the start of the corporate reporting season and a key inflation report later this week. | | | | | | The chief executive of Intel Corp told Reuters on Monday the company is in talks to start producing chips for car makers to alleviate a shortage that has idled automotive factories. | | | | | | France is bailing out stricken Air France-KLM via a one billion euro share issue that will more than double its stake in the airline to nearly 30% while its Dutch co-owners ruled out taking part in the refinancing, terms of a proposed capital increase showed on Monday. | | | | | |
